I think $1.3 billion was the exaggerated value of the fund that Platinum claimed. The investors in the fund should only be entitled to the money put into it, not the fake returns of 17% annually that Platinum was claiming. Most likely far less than $1.3 billion was invested in the fund.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.