New York Hedge Fund Founder Kamensky Sentenced to Prison in Neiman Marcus Fraud

New York Hedge Fund Founder Kamensky Sentenced to Prison in Neiman Marcus Fraud
Shoppers enter and exit the Neiman Marcus at the King of Prussia Mall, United States' largest retail shopping space, in King of Prussia, Pa., on Dec. 8, 2018. Mark Makela/Reuters
Reuters
Updated:

NEW YORK—The New York hedge fund founder who predicted he might “go to jail” for corrupting the sale of some assets during the bankruptcy of Neiman Marcus was sentenced on Friday to six months in prison.

Daniel Kamensky, 48, of Roslyn, New York, had pleaded guilty in February to bankruptcy fraud for pressuring Jefferies Financial Group not to bid for securities belonging to the luxury retailer’s creditors so his now-closed Marble Ridge Capital LP could buy them at a lower price.