(Bloomberg) Platinum Partners’ offices were raided by federal agents looking into the hedge fund’s operations after a manager at the firm was charged this month with bribing a union chief, according to a person familiar with the matter.
The raid is separate from the bribery probe, the person said. It adds to the woes at the firm, which is considering shutting down its main hedge fund, another person said last week. A final decision is still pending because the situation is in flux, that person said.
Agents from the Federal Bureau of Investigation and the U.S. Postal Inspection Service were at Platinum’s offices in midtown Manhattan on Wednesday morning, the person said. Both people requested anonymity because they’re not authorized to speak publicly on the matter.
