The charge is part of an alleged bid-rigging scheme linked to the retailer’s bankruptcy.
According to the Justice Department, Kame Mensky sought to suppress rival bids for Neiman’s My Theresa property so that Marble Ridge could secure the shares at a lower price. He then tried to force a competitive bidder to cover up the alleged scheme, the DOJ said.
Kamensky has been charged with one count of fraud in the offer or sale of securities, one count of wire fraud, one count of extortion and bribery in relation to bankruptcy, and one count of obstruction of justice. Each count carries a maximum sentence of 5 to 20 years in prison.
A Marble Ridge spokesman declined to comment on the allegations.
“After much deliberation and in light of the operating environment, we have made the difficult decision to launch a systematic wind down of Marble Ridge Funds,” Marble Ridge said in a letter to its clients.
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