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Hedge Fund Founder From Long Island Charged With Fraud, Extortion, Obstruction Of Justice Hedge Fund Founder From Long Island Charged With Fraud, Extortion, Obstruction Of Justice
Hedge Fund Founder From Long Island Charged With Fraud, Extortion, Obstruction Of Justice A hedge fund founder from Long Island is facing federal charges of securities fraud and extortion after he allegedly abused his position on a Neiman Marcus Group Inc. bankruptcy committee to purchase securities at a deflated price. Nassau County resident Daniel Kamensky, of Roslyn, the founder of the New York-based hedge fund Marble Ridge Capital, has been charged in Manhattan federal court on multiple charges. Acting U.S. Attorney Audrey Strauss said that Kamensky’s alleged criminal acts occurred in connection with his scheme to pressure a rival bidder to abandon its higher bid for assets …

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by Zak Failla