Bangles and Baubles: Lifestyles of a Scam Artist


Hedge fund swindler Mark Bloom barely made a ripple of news yesterday when he copped to scamming his clients out of $20 million. And why would he? This is the post-Madoff world, where $50 billion stolen from trusting investors is the new threshold for working up a real outrage.

But as he stood before a judge in Manhattan federal court to plead guilty, Bloom, a former partner at the giant BDO Seidman LLP accounting firm, contributed something vitally important to our understanding of the lifestyles of today’s modern multi-million-dollar financial ripoff artists: an exquisitely detailed listing of vacation properties, speedboat, lavish jewelry, pricey modern art (Frank Stella, Roy Lichtenstein etc.) , and a couple of grand pianos (one apiece for the Hamptons estate and Park Avenue pad).

All of it is loot accumulated by Bloom, 57, as he tripped the light fantastic with his ill-gotten gains. Now, all of it, sadly, must be handed over to Uncle Sam as restitution.

Given the size and pedigree of some of these dazzling baubles, the U.S. Attorney’s office better keep careful tabs on this ice when it comes flowing in the door. This is the kind of stuff you could easily see winding up decorating the adorably sweet throat, wrist, ankle, and/or earlobes of some young thing who’s been dating a handsome G-Man.

To wit, a few highlights from the 10-page list:

–One 18K yellow gold, rose quartz, crystal and pink sapphires in a long 32-inch necklace designed by Judith Ripka;

–One 18K white gold diamond and yellow sapphire ankle bracelet;

–An 18K yellow gold midsize, Oyster Perpetual Datejust, automatic movement, wristwatch with a white dial, fluted bezel 31mm in size, and an 18K yellow gold President bracelet;

–One 18K yellow gold diamond Bvlgari flexible wrap ring;

–One 18K yellow and white gold Buccellati snowflake band ring;

–One ladies’ platinum necklace with heart-shaped solitaire;

–One Van Cleef & Arpels Socrate Ring in 18k yellow gold with diamonds;

–One ladies’ 18K white gold very wide diamond cuff bracelet;

–One de Grisogno (we’re fixing the prosecutors’ spelling here; example pictured) rose gold watch with diamonds on bond galuchat strap;

–One ladies’ 18K yellow gold Cartier panther-style bracelet watch, “Cougar” case;

–Three strands of green tourmaline beads with an 18K yellow gold clasp;

–One 18K white gold imported Italian diamond choker necklace;

–One men’s Rolex watch (gold and silver);

–Gold cufflinks and studs (evil eye) (2001).