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David P. Bloom
David Peter Bloom is a twice convicted American fraudster who defrauded investors of almost $15 million in the 1980s. Early life Bloom grew up on the Upper East Side of Manhattan and attended Trinity School where he graduated in 1982. After graduating from Duke University, Bloom returned to New York to start an investment company under the name of Greater Sutton Investors Group Inc. Criminal inquiries and conviction in 1988 In 1988, the U.S. Securities and Exchange Commission (SEC) accused Bloom of using his unregistered investment business to collect over $10 million between 1985 and 1988 from over 140 clients for his personal gain. Instead of making investments on behalf of his clients, Bloom was accused of acquiring art, real estate and other personal assets with his clients funds. Notable investors in Bloom's scheme included the Sultan of Brunei, Bill Cosby, and the Rockefeller family. Bloom settled with the SEC without admitting guilt and agreed to hand over all his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mail Fraud
Mail fraud and wire fraud are terms used in the United States to describe the use of a physical or electronic mail system to defraud another, and are federal crimes there. Jurisdiction is claimed by the federal government if the illegal activity crosses interstate or international borders. Mail fraud Mail fraud was first defined in the United States in 1872. provides: Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use any counterfeit or spurious coin, obligation, security, or other article, or anything represented to be or intimated or held out to be such counterfeit or spurious article, for the purpose of executing such scheme or artifice or attempting so to do, places in any post office or authorized depository for mail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |