Marble Ridge Founder Gets Six-Month Sentence in Bankruptcy Fraud

Marble Ridge Capital founder Daniel Kamensky was sentenced to six months behind bars after admitting he pressured a rival to abandon a higher bid for the assets of bankrupt retailer Neiman Marcus Group Inc. so his firm could acquire them for less.

Kamensky, 48, of Roslyn, New York, had pleaded guilty to one count of bankruptcy fraud in February as part of a deal with federal prosecutors in New York. He was sentenced in Manhattan on Friday by U.S. District Judge Denise L. Cote, who imposed an additional six months of supervised release.

“There is no excuse for my ...