David Bloom, 59, is accused of committing crimes in Los Angeles County that netted nearly $250,000 from nine alleged victims, according to Los Angeles County District Attorney George Gascón.
David Bloom, 59, is accused of committing crimes in Los Angeles County that netted nearly $250,000 from nine alleged victims, according to the district attorney.
"He first comes to you to become a friend. He tries to become almost part of your family," Gascón said. He is charged with nine counts each of securities fraud and grand theft with allegations of two or more prior felony convictions, according to the District Attorney's Office. Bloom, once dubbed a Wall Street whiz kid, pleaded guilty to mail and securities fraud in New York in 1988 and was sentenced to eight years in federal prison for convincing people to give him financial investments totaling more than $15 million, but he instead spent the money on himself, The Times reported. He pleaded guilty again in the late 1990s for bilking 10 people out of at least $50,000 in a similar scheme that targeted various restaurant employees.
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