Hedge fund founder pleads guilty in Neiman Marcus-tied case

NEW YORK (AP) — A hedge fund founder has pleaded guilty to a charge alleging he defrauded Neiman Marcus creditors by pressuring an investment bank not to bid against his hedge fund to buy securities from them. Marble Ridge Capital founder Daniel Kamensky pleaded guilty Wednesday to bankruptcy fraud in Manhattan federal court. Sentencing was set for May 7 for the 48-year-old Roslyn, New York, resident. Manhattan U.S. Attorney Audrey Strauss said Kamensky abused his position as a committee m