Thursday, 3 September 2020

Hedge fund manager arrested for fraud in Neiman Marcus bankruptcy

A hedge-fund manager has been arrested and charged with fraud in connection to Neiman Marcus’ bankruptcy. Dan Kamensky, the founder of Marble Ridge Capital LP, has been charged by New York prosecutors with securities fraud, wire fraud, extortion and obstruction of justice, according to the Wall Street Journal. Neiman filed for bankruptcy in May, and announced in July that it would permanently shutter its flagship store in Hudson Yards. Kamensky’s tensions with the high-end department



source https://therealdeal.com/2020/09/03/hedge-fund-manager-arrested-for-fraud-in-neiman-marcus-bankruptcy/

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