“Wall Street Whiz Kid” David Bloom Charged With Stealing Nearly $250,000 In Hollywood-Related Scam
deadline.comA con man who was convicted twice in New York for bilking victims out of millions of dollars through financial fraud schemes was behind bars today in Los Angeles on charges of running similar scams locally, allegedly luring victims by claiming to be well-connected with big names in Hollywood and the finance world.
David Bloom, 59, was arrested around 4 a.m. Monday by the Los Angeles Police Department, and he was being held in lieu of $505,000 bail.
Bloom was charged with nine counts each of grand theft and fraud while selling securities “with special allegations of two or more prior felony convictions”, according to L.A.
District Attorney George Gascón. “David Bloom managed to convince hard-working people to turn over their earnings as part of a fraudulent investment scheme,” Gascón said in a statement. “Anyone who believes they fell victim in this case or other financial scams are encouraged to report it to my office or their local law enforcement agency.
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