Seabrook’s shady invest fund zapped

A corporate investor complained it asked for its money back from the fund tied to Norman Seabrook (left), and got zilch.

Here’s another reason the city corrections officers’ union should be concerned about the $20 million it invested in a shady hedge fund.

A judge has just ordered the liquidation of part of the Platinum Partners flagship fund amid serious new concerns about its ability to repay investors, The Post has learned.

Judge Andrew Jones of the Cayman Islands, where Platinum’s flagship fund is based, appointed the restructuring firm RHSW Caribbean to perform the complicated financial untangling after a corporatate investor complained it asked for its money back last year and got zilch.

The Corrections Officers’ Benevolent Association plunked $20 million into Platinum — including pension and operating monies, sources said.

Platinum manager Murray Huberfeld and former COBA President Norman Seabrook have already been arrested in a corruption probe tied to the union’s investment.

Manhattan federal prosecutors say Seabrook gave Huberfeld COBA’s money to invest in exchange for a cut of any profits.

Huberfeld’s first payment to Seabrook came in the form of $60,000 stuffed in a black Ferragamo “murse,” or man purse, prosecutors said.

The Cayman court filing suggests Platinum was having trouble repaying investors even before the FBI and Manhattan federal prosecutors swooped in.

New Zealand’s Parris Investments Ltd, an investment entity, told the court it asked for its money back in October and was supposed to be paid in December, according to court documents reviewed by The Post.

Instead, Platinum, which claims to manage $1.35 billion, kept pushing back payment on the investment, estimated to be worth $1 million, Parris told the judge.

Parris is still waiting for its money.

Acting COBA President Elias Husamudeen has sought to reassure the union’s 9,000 members, who work on Rikers Island and at other city prisons, that their investment is safe.

But persistent questions about the status of COBA’s $20 million have led to repeated clashes between union members and the executive-board members, some of whom approved the investment.

A spokesman for Platinum declined to comment. kwhitehouse@nypost.com