Meanwhile, NY brothers Michael & David Shabsels, owners of Camp Blue Star, Mohawk & ~30 other camps, defaulted after allegedly transferring $34M to companies they control. Bonds downgraded to junk. therealdeal.com/new-york/202...
Dozens of other summer camps owned by the Shabsels brothers disclosed a default on a $195 million Israeli bond offering and a $34 million transfer to affiliated companies.
