David P. Bloom: Difference between revisions
→2010 and 2020s: specified what SIPC means |
mNo edit summary |
||
| Line 17: | Line 17: | ||
}} |
}} |
||
'''David Peter Bloom''' aka the '''Wall St. Whiz Kid''' is a convicted American [[fraud]]ster who ran a $15,000,000 [[Ponzi scheme]] in the 1980s <ref>{{Cite news | title=Consultant, 23, Faces Charge of Mail Fraud : Unregistered Adviser Could Get 5-Year Term | work=[[Los Angeles Times]] | url=https://www.latimes.com/archives/la-xpm-1988-01-15-fi-24169-story.html| date=January 15, 1988 | url-status=live}}</ref>, <ref>{{Cite news | title=New Yorkers & Co.; Young Name Dropper Wins Riches, and a Date in Court | work=[[New York Times]] | url=https://www.nytimes.com/1988/01/18/business/new-yorkers-co-young-name-dropper-wins-riches-and-a-date-in-court.html| date=January 18, 1988 | url-status=live}}</ref> and was convicted again in 2000 <ref>{{Cite news | title=High-Class Grifter David Bloom Gets Pinched...Again| work=[[Observer]] | url=https://observer.com/2000/07/highclass-grifter-david-bloom-gets-pinched-again/| date=July 31, 2000| url-status=live}}</ref> for |
'''David Peter Bloom''' aka the '''Wall St. Whiz Kid''' is a convicted American criminal and [[fraud]]ster who ran a $15,000,000 [[Ponzi scheme]] in the 1980s <ref>{{Cite news | title=Consultant, 23, Faces Charge of Mail Fraud : Unregistered Adviser Could Get 5-Year Term | work=[[Los Angeles Times]] | url=https://www.latimes.com/archives/la-xpm-1988-01-15-fi-24169-story.html| date=January 15, 1988 | url-status=live}}</ref>, <ref>{{Cite news | title=New Yorkers & Co.; Young Name Dropper Wins Riches, and a Date in Court | work=[[New York Times]] | url=https://www.nytimes.com/1988/01/18/business/new-yorkers-co-young-name-dropper-wins-riches-and-a-date-in-court.html| date=January 18, 1988 | url-status=live}}</ref> and was convicted again in 2000 <ref>{{Cite news | title=High-Class Grifter David Bloom Gets Pinched...Again| work=[[Observer]] | url=https://observer.com/2000/07/highclass-grifter-david-bloom-gets-pinched-again/| date=July 31, 2000| url-status=live}}</ref> for swindling $200,000 out of his victims. He was born on April 24, 1964 in Manhattan, New York to Lois Joan Stern and Daniel Bloom. |
||
==1980s== |
==1980s== |
||
Revision as of 00:02, 10 January 2022
This article may meet Wikipedia's criteria for speedy deletion as a copyright infringement(Copyvios report) of https://observer.com/2000/07/highclass-grifter-david-bloom-gets-pinched-again/ (Copyvios report) as well as https://nypost.com/2000/06/16/cops-con-man-at-it-again/ (Copyvios report). This criterion applies only in unequivocal cases, where there is no free-content material on the page worth saving and no later edits requiring attribution – for more complicated situations, see Wikipedia:Copyright violations. See CSD G12.
If this article does not meet the criteria for speedy deletion, or you intend to fix it, please remove this notice, but do not remove this notice from pages that you have created yourself. If you created this page and you disagree with the given reason for deletion, you can click the button below and leave a message explaining why you believe it should not be deleted. You can also visit the talk page to check if you have received a response to your message. Note that this article may be deleted at any time if it unquestionably meets the speedy deletion criteria, or if an explanation posted to the talk page is found to be insufficient. Note to administrators: this article has content on its talk page which should be checked before deletion. Note to administrators: If declining the request due to not meeting the criteria please consider whether there are still copyright problems with the page and if so, see these instructions for cleanup, or list it at Wikipedia:Copyright problems. Please be sure that the source of the alleged copyright violation is not itself a Wikipedia mirror. Also, ensure the submitter of this page has been notified about our copyright policy.Administrators: check links, talk, history (last), and logs before deletion. Consider checking Google. This page was last edited by ThomasBi (contribs | logs) at 00:02, 10 January 2022 (UTC) (2 years ago) |
David P. Bloom | |
|---|---|
| File:DavidPeterBloom.jpg David Peter Bloom in 2021 | |
| Born | David Peter Bloom April 24, 1964 New York City, U.S. |
| Alma mater | Duke University |
| Employer | Greater Sutton Investors Group Inc. (founder 1986-1988), |
| Spouse | Nancy Ozeas (divorced) |
| Conviction(s) | December, 1988 (guilty), June, 2000 (guilty) |
| Criminal charge | Mail fraud, Securities fraud, Second-degree larceny and scheming to defraud |
| Penalty | 8 years in prison, forfeiture of US$13 million, lifetime ban from securities industry |
David Peter Bloom aka the Wall St. Whiz Kid is a convicted American criminal and fraudster who ran a $15,000,000 Ponzi scheme in the 1980s [1], [2] and was convicted again in 2000 [3] for swindling $200,000 out of his victims. He was born on April 24, 1964 in Manhattan, New York to Lois Joan Stern and Daniel Bloom.
1980s
Bloom graduated in December 1985 from Duke University with a Bachelor of Arts majoring in Art History. He tried hard to join the Beta Theta Pi fraternity but he was rejected twice.
After he graduated he returned to New York to start his investment company under the name of Greater Sutton Investors Group Inc. and leased stock quote machines as well as other equipment. He told people that he had made a fortune while studying.
Bloom was described shortly before his downfall in The New York Times Magazine on October 18, 1987 as one of Wall Street’s new breed of private investors., earning him the moniker Wall St. Whiz Kid [4]. He was quoted in the magazine as saying; "First I decide what (art) I want to buy, then I worry about how I'm going to pay for it."
The U.S. Securities and Exchange Commission took notice and started an enquiry. Later accusing Bloom [5] in January 1988 of diverting up to $10 million in funds for his personal gain.
Bloom with his unregistered investment business collected over $10 million between 1986 and 1988 from friends and associates to invest in the stock market. Instead, according to the U.S. Securities and Exchange Commission, he acquired for himself an art collection worth $4.7 million, a $1.9 million beach house, an $830,000 condominium in New York, over $230,000 worth of cars, a $195,000 necklace and a reputation as a philanthropist. Among the paintings were the works of such American masters as John Singer Sargent, Mary Cassatt, Edward Hopper and Willem DeKooning.
Bloom settled with the U.S. Securities and Exchange Commission in March 1988 without admitting guilt [6] and agreed to hand over all his assets to a court-appointed receiver, Mr. Irving Picard. He also was barred for life from the securities industry. He was charged two days later by federal prosecutors in Manhattan for mail fraud [7]. Bloom pleaded guilty, waiving indictment, on March 31, 1988 to one count each of mail and securities fraud [8].
In December 1988, Bloom was sentenced to 8 years in prison for defrauding investors of almost $15 million [9], in passing sentence - which were two 4 years sentences ordered to be served consecutively - the Judge David Norton Edelstein called the 24 year-old out for being a predator and said such a sentence was "essential to deter swindlers".
"I find that Mr. Bloom is remorseless, completely lacking in conscience." Judge Edelstein said in 1988 in the Federal District Court in Manhattan.
In February 1989, Bloom's parents Lois and Daniel Bloom were sued for $191,250 that Bloom allegedly spent on them . [10].
Bloom was sent to Federal Correctional Complex, Allenwood in Montgomery, Pennsylvania. He was released in March 1994 after serving five years of his eight-year sentence. [11].
1990 and 2000s
David Bloom returned to New York and visited the Citigroup Citicorp building at 54th Street and Third Avenue. He would gain the trust of the staff over the summer of 1999, and as he became more and more familiar, he started talking again.
On June 14, 2000 - just as in 1986 - Bloom was arrested and this time he was incarcerated in the Vernon C. Bain Correctional Center; a very large prison barge floating in the river across from Rikers Island. It was reported in the Observer that his family was either unable or unwilling to post his $75,000 bail. [12]. He was again accused of swindling over $200,000 from his victims, telling detectives that he carried out his scam because, "after losing his securities license and ending his prison term, he had no other way to make a living". [13]. He was released from prison in 2012 and he moved to Los Angeles where he married Nancy Ozeas and they supported different foundations such as the Prostate Cancer Foundation [14] and I Am Bloom California Community Foundation.
2010 and 2020s
On June 16, 2017 Ozeas, Nancy filed a Family - Marriage Dissolution/Divorce lawsuit against David P Bloom [15]. The case status is Disposed - Other Disposed.
On August 3, 2017, Joshua Montoya filed a Contract - Other Contract lawsuit against David Bloom and Nancy Ozeas. [16]. The Judges overseeing this case are GERALD ROSENBERG and LISA HART COLE. The case status is Pending - Other Pending.
Both these cases were filed in Los Angeles County Superior Courts, Stanley Mosk Courthouse located in Los Angeles, California.
In a link to the Madoff investment scandal, the 1988 trustee, Mr. Irving Picard, who the Securities Investor Protection Corporation selected for the Bernard Lawrence Madoff liquidation, was also previously appointed the receiver in connection with the U.S. Securities and Exchange Commission injunction action against David Peter Bloom, a Ponzi scheme case involving investor cash losses of about $13 million. [17].
References
- ^ "Consultant, 23, Faces Charge of Mail Fraud : Unregistered Adviser Could Get 5-Year Term". Los Angeles Times. January 15, 1988.
{{cite news}}: CS1 maint: url-status (link) - ^ "New Yorkers & Co.; Young Name Dropper Wins Riches, and a Date in Court". New York Times. January 18, 1988.
{{cite news}}: CS1 maint: url-status (link) - ^ "High-Class Grifter David Bloom Gets Pinched...Again". Observer. July 31, 2000.
{{cite news}}: CS1 maint: url-status (link) - ^ "Young wheeler-dealer agrees to pay it back". UPI. January 14, 1988.
{{cite news}}: CS1 maint: url-status (link) - ^ "Lush Life: Investor, 23, Named in Huge Fraud". New York Times. January 13, 1988.
{{cite news}}: CS1 maint: url-status (link) - ^ "SEC Claims Artful Swindle". Washington Post. January 13, 1988.
{{cite news}}: CS1 maint: url-status (link) - ^ "The Whiz Kid Who Wasn't". TIME Magazine. January 25, 1988.
{{cite news}}: CS1 maint: url-status (link) - ^ "'Wall St. Whiz Kid' Given Stiff 8-Year Prison Term". Los Angeles Times. December 10, 1988.
{{cite news}}: CS1 maint: url-status (link) - ^ "Wall St. 'Whiz Kid' Gets 8-Year Term for Fraud". New York Times. December 10, 1988.
{{cite news}}: CS1 maint: url-status (link) - ^ "Parents of Wall Street Whiz Kid Sued for Money He Spent on Them". AP News. December 18, 1988.
{{cite news}}: CS1 maint: url-status (link) - ^ "High-Class Grifter David Bloom Gets Pinched...Again". The Observer. July 31, 2000.
{{cite news}}: CS1 maint: url-status (link) - ^ "High-Class Grifter David Bloom Gets Pinched...Again". The Observer. July 31, 2000.
{{cite news}}: CS1 maint: url-status (link) - ^ "COPS: CON MAN AT IT AGAIN". New York Post. June 16, 2000.
{{cite news}}: CS1 maint: url-status (link) - ^ "The Prostate Cancer Foundation Presents THIS IS IT in Support of The 10th Annual Charles Evans PCF Pro-AM Tennis Tournament".
{{cite web}}: CS1 maint: url-status (link) - ^ "OZEAS, NANCY E VS BLOOM, DAVID P".
{{cite web}}: CS1 maint: url-status (link) - ^ "JOSHUA MONTOYA ET AL., VS DAVID BLOOM ET AL".
{{cite web}}: CS1 maint: url-status (link) - ^ "Securities Investor Protection Corporation: Interim Report on the Madoff Liquidation Proceeding" (PDF). United States Government Accountability Office.
{{cite web}}: CS1 maint: url-status (link)