Camp Empire Collapses Amid Bond Crisis

A summer camp empire built on Israeli bonds just collapsed after its owners allegedly siphoned $34 million for themselves, missed payments, and triggered a bankruptcy filing. Once celebrated philanthropists, the Shabsels brothers raised $195 million last December — using their own camps as collateral — only to unravel when they couldn’t return the diverted funds. Now, an independent expert is stepping in to try to save the camps, while Israeli regulators dig into potential securities violations. The future of these beloved camps hangs in the balance. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7add9de06d9d807d