NEW YORK (Reuters) – The founder of a New York hedge fund was criminally charged on Thursday over an alleged scheme to pressure a rival not to bid for assets related to Neiman Marcus’ bankruptcy so he could buy them at a lower price, the U.S. Department of Justice said on Thursday.
Daniel Kamensky, the principal of Marble Ridge Capital, which has more than $1 billion of assets, was charged with securities fraud, wire fraud, extortion and obstruction of justice, the Justice Department said.
(Reporting by Jonathan Stempel in New York; Editing by Chris Reese)
