Scammer David Bloom back to old ways in Los Angeles: Cops

Business owner Caroline D’Amore, a victim of David Bloom’s alleged financial scams (screengrab of press conference via Los Angeles County District Attorney’s Office). Inset: David Bloom (via Caroline D’Amore Instagram).

David Bloom, once hailed as the “Wall Street Whiz Kid” before he was busted for bilking investors out of millions in New York, took his shady scheme to Los Angeles where he’s now accused of scamming nine people out of nearly $225,000.

Bloom, 59, faces nine felony counts of securities fraud and nine felony counts of grand theft with special allegations of two or more prior felony convictions, the Los Angeles District Attorney’s Office said.

Over the last two years, Bloom convinced people to give him money in return for investments and other financial opportunities, prosecutors say. But those investments never materialized and Bloom never returned most of the money, prosecutors said. He was arrested Monday and is being held in jail on a $505,000 bail. He faces up to 14 years in prison if convicted.

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