New York
Jun 5, 2026
David and Michael Shabsels’ summer camp empire files for bankruptcy
Owners of Camp Blue Star, Mohawk Day Camp put over two dozen camps into bankruptcy after raising money in the bond market in Israel
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New York
Jun 4, 2026
Summer camp empire stopped making payments shortly after $195M raise in Israeli bond market
NY-based David and Michael Shabsels, owners of Camp Blue Star and Mohawk Day Camp, transferred $34M to themselves and won’t return it
New York
Jun 30, 2026
“They loved debt”: How the Shabselses’ play to leverage a half-billion-dollar summer camp empire spiraled into bankruptcy
Lenders, investors and parents still searching for answers about surprise financial collapse that followed default in Israel’s bond market