By Matthew Russell Lee, Patreon Podcast
BBC - Guardian UK - Honduras - ESPN
SDNY COURTHOUSE, May 7 – On September 3, 2020 SDNY prosecutors announced
"that DANIEL KAMENSKY, the founder and manager of New York-based hedge fund Marble Ridge Capital (“Marble Ridge”), was charged in a Complaint in Manhattan federal court with securities fraud, wire fraud, extortion, and obstruction of justice. KAMENSKY’s alleged criminal acts occurred in connection with his scheme 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."
Inner City Press live tweeted the presentment, about two hours later, below. The prosecutors agreed that Kamensky could be released the same day on $250,000 bond.
Now on May 7, 2021, after Kamensky spoke about the soup kitchen or food pantry he's volunteered in, The Inn, he got a sentence of six months in prison (Otisville requested) followed by six months of home detention, no supervision after that. Podcast here. Inner City Press will have more on this.
Here's from that Kamensky proceeding:
AUSA: Surrender all travel documents, restricted to SDNY, EDNY, NDNY and South Florida with pre-approval. No contact with witnesses outside of Marble Ridge except in presence of counsel, and with those inside, nothing about this case
AUSA: Kamensky to be released today, with co-signers to be interviewed by Sept 10. $250,000 bond.
Judge Cott: Preliminary hearing?
Retained counsel: Waive to 30th day.
Now on February 3, a guilty plea "to one count of bankruptcy fraud in connection with his scheme 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. KAMENSKY pled guilty before United States District Judge Denise Cote... it carries a maximum sentence of five years in prison. Sentencing has been scheduled for May 7, 2021."
The case is still US v. Kamensky, 21-cr-67 (Cote).
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