A Roslyn man
has pleaded guilty to fraud in connection with Neiman Marcus’ bankruptcy.
Hedge fund
founder Daniel Kamensky admitted to pressuring an investment bank to not bid
against him to buy securities from Neiman Marcus.
Prosecutors say he also abused his position to manipulate
the distribution of assets,
taking extra profits for himself.
Under the plea deal, Kamensky is expected to get 12-18
months in in prison.
Kamensky
will be sentenced in May.