Mark Bloom North Hills Management LLC Fraud Case

Mark Bloom Case

North Hills Management LLC Fraud

Another case of hedge fund fraud detailed below:

Mark Bloom, owner of the New York- based firm North Hills Management LLC, was accused by U.S. regulators of “systemically looting” a fund with clients including a charitable trust supporting children’s schools.

Bloom, 57, misappropriated more than $13 million after helping to raise about $30 million from investors from 2001 to 2007 for the fund of hedge funds North Hills LP, the U.S. Securities and Exchange Commission said in a lawsuit at federal court in Manhattan today. source

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