Hedge Fund Founder Accused of Neiman Fraud

The founder of distressed personal debt hedge fund Marble Ridge Capital has been charged with defrauding lenders of Neiman Marcus by coercing a rival bidder to fall a bigger give for the flourishing e-commerce business of the bankrupt retailer.

Daniel Kamensky, 47, was arrested Thursday on prison rates alleging he abused his placement on the Neiman unofficial creditors’ committee (UCC) following he acquired in July that the Jeffries investment decision financial institution was ready to bid as a great deal as two times as a great deal for shares in the MyTheresa online unit as Marble Ridge.

The U.S. Department of Justice also charged Kamensky with extortion and obstruction of justice for allegedly trying to enlist Jeffries in a cover-up of his misconduct. “Do you understand … I could go to jail?” he explained to an personnel of the financial institution through a cellphone contact that was taped by investigators.

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CFOs On the Move: Week Ending September 4

Jeff Wallace

Jeff Wallace is the new CFO at USAA. Wallace joins the enterprise from Financial institution of The united states, exactly where he was most a short while ago chief financial officer of the purchaser banking and international prosperity and financial investment administration enterprise. Before in his profession, he held financial management roles at Wachovia Securities, Deutsche Financial institution, and Fidelity Investments. He also serves as a member of the company advisory board for the nationwide nonprofit Affiliation of Latino Professionals for The united states (ALPFA). Wallace succeeds Laura Bishop, who is retiring immediately after more than 19 decades at the enterprise.

David Bourdon

Magellan Health and fitness appointed David Bourdon CFO, effective September eight. Bourdon used 21 decades operating at Cigna, including fourteen decades as chief financial officer at its several companies. Most a short while ago, Bourdon served as CFO of Cigna’s built-in professional medical, life

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