Hedge fund founder sentenced to prison in Neiman Marcus fraud

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 could buy them at a lower price. Manhattan federal Judge Denise Cote said she found Kamensky “deeply remorseful,” but that he “came undone” from the pressures of running Marble Ridge.