Hedge Fund News From HedgeCo.Net


Ex-BDO Seidman’s Mark Bloom Pleads Guilty in Hedge Fund Fraud

Bloomberg – Hedge fund manager Mark Bloom pleaded guilty to U.S. charges that he stole at least $20 million from clients and lied to them, and that he helped sell illegal tax shelters while working earlier at BDO Seidman LLP.

Bloom, who lives in New York City, pleaded guilty yesterday in federal court in Manhattan to five charges including securities fraud. He admitted he stole millions from investors in North Hills Fund, an investment partnership with more than $30 million in assets that he managed. He agreed to forfeit as much as $20 million and to cooperate with prosecutors in their continuing investigation.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.