How NYC brothers’ $400M summer camp empire fell apart — rocking the Israel bond market and leaving parents in a panic

Source: New York Post

Brothers Michael and David Shabsels amassed a $400 million fortune, becoming known as the summer camp kings of New York. Their empire included 30 kids’ camps in their home state, New Jersey and Pennsylvania, as well as offices, a retail center and water parks. Now, they find themselves on the brink of losing it all.