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March 20, 2023

When accounting goes unaccounted for

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Eric Bloom

Fraud

Disgraced CEO Claims Stealing $665 Million Was Just Incompetence, Not Theft

by Adrienne Gonzalez

You wonder sometimes why these guys say anything at all instead of just keeping their traps shut: A former investment CEO was sentenced Friday to 14 years in prison and ordered to pay $665 million in funds lost to his former clients. “I may be incompetent, but I’m not a thief,” Eric Bloom, 50, said […]