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Ripping Off Your Fellow Creditors Disqualifies You From Bankruptcy Committees And Maybe From Running A Hedge Fund, But Not From Being A Lawyer

Neiman Marcus – NBC 5 Dallas-Fort Worth

Dan Kamensky Couldn t Go To The Office So Instead He s Going To Jail

Dan Kamensky Couldn t Go To The Office So Instead He s Going To Jail
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Hedge Fund Manager Who Said I m Going To Jail Is In Fact Going To Jail

Hedge Fund Manager Who Said ‘I’m Going To Jail’ Is In Fact Going To Jail But at least he’s not going to jail for 18 months. Author: But at least he’s not going to jail for 18 months. Dan Kamensky knew what he had coming to him. Shortly after attempting to browbeat his investment bank into not outbidding him for something he’d fought for and wanted for his hedge fund, Marble Ridge Capital, he turned to pleading. “If you’re going to continue to tell them what you just told me, I’m going to jail, okay?” he said. “I’m asking you not to put me in jail.” Well, Kamensky’s begging proved no more successful than his bullying, and the Jefferies banker on the other end did continue to tell them what he had just told Kamensky, which was probably something along the lines of, “you appear to have breached your fiduciary duty to your fellow Neiman Marcus creditors, whom you represent as a member of the creditors committee, but trying to keep them fro

Hedge fund manager Kamensky goes full retard, gets caught in a massive fraud involving Nieman, gets whopping 6 month sentence and a $55,000 fine for perpetuating billion dollar scam – Investment Watch

Daniel Kamensky, founder and former manager of New York-based hedge fund Marble Ridge Capital, has been sentenced to six months in prison for bankruptcy fraud, according to a statement from the United States Attorney’s Office in the southern district of New York. The sentence, which came on Friday in a Manhattan federal court, comes after Kamensky was charged for “engaging in fraud and extortion to pressure a rival bidder to abandon its higher bid for assets in connection with Neiman Marcus’s bankruptcy proceedings so that Marble Ridge could obtain those assets for a lower price,” according to the statement.

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