Westchester and Fairfield County Business Journal 071320

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TRUSTED JOURNALISM AT YOUR FINGERTIPS

JULY 13, 2020 VOL. 56, No. 28

westfaironline.com

FIXER UPPER SEE STORY ON PAGE 13

Scenic Hudson President Ned Sullivan stands in front of 58 Parker Ave. in the city of Poughkeepsie where he plans to turn the dilapidated building into offices for his nonprofit as well as others. A nearby building will also be repurposed. Photo by Bob Rozycki.

INSIDE

From riches to rags? SCOUR POWER FOUNDER OF BILLION-DOLLAR FUND FILES FOR BANKRUPTCY

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HOLDING STEADY

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NEW TRADE GROUP

BY BILL HELTZEL bheltzel@westfairinc.com

M

ark Nordlicht, the former hedge fund founder facing criminal charges in the alleged $1 billion Platinum Partners securities fraud, has filed for Chapter 7 bankruptcy liquidation. Nordlicht, who once

managed $1.7 billion in assets, declared personal assets of $137,052 and liabilities of more than $206 million in a petition filed June 29 in U.S. Bankruptcy Court in White Plains. He listed no work income, but “if Mr. Nordlicht’s criminal situation is resolved successfully,” the petition states, “he anticipates being able to resume employment at

that time.” Nordlicht, 52, of New Rochelle, co-founded Platinum Partners in 2003. In 2016, the federal prosecutor in Brooklyn accused him of defrauding bondholders and looting assets in a “Ponzi-like” investment fraud. Last year a jury found Nordlicht guilty on three charges and acquitted » BANKRUPTCY

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HARRISON DENTIST USES MULTIPLE MEASURES TO KEEP OFFICE VIRUS FREE

BY PETER KATZ pkatz@westfairinc.com

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entists, like other medical professionals, have been making concerted efforts to reopen their practices as safely and quickly as possible as COVID-19 shutdown restrictions are being eased. According to a survey by the American Dental Association’s (ADA) Health Policy Institute, as of the week of June 15, patient volume nationwide was at 65% of pre-COVID levels, up from 38% in mid-May. The survey was sent to 70,000 dentists and 19,000 of them responded. The ADA reported that 97% of dental offices that participated in the survey

were open for elective care, an increase from 90% in the first week of June. In early April, only 3% of dental practices had been open for elective procedures. The ADA invited 13,000 dentists to participate in another survey panel. Those results, broken down by state, showed that in New York as of June 15: 24.1% of the dentists were open and doing business as usual; 70.2% were open but with lower patient volume than usual; 4.1% were closed but seeing emergency patients only; and 1.6% were closed and not seeing any patients. In Connecticut as of June 15: 18.8% of the » POWER

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