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NY hedge fund founder sentenced to prison in Neiman Marcus fraud

NY hedge fund founder sentenced to prison in Neiman Marcus fraud

The NY hedge fund founder who predicted he might ’go to jail’ for corrupting the sale of assets during the bankruptcy of Neiman Marcus has been sentenced to six months in prison. Daniel Kamensky 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 firm could buy them at a lower price.

David
David
VI Trotsky
VI Trotsky 1 months

Guy makes millions and gets 6 months. Poor people lie on paper work to get their kids into better high schools and go to jail for a few years. Crazy right wingers here can’t see this system is built to protect capital greed not work ethic.

Trevor
Trevor 1 months

6 months is jail time, not prison time. Something needs to happen. These financial crimes that have rippling effects on our economy need severe punishments. 6 months is laughable.

Barry
Barry 1 months

We found the fall guy folks

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