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A former hedge fund manager and accountant whose guilty plea and subsequent cooperation helped U.S. authorities prosecute two of the biggest fraud cases in recent history was sentenced to three years in prison on Wednesday, according to the Manhattan U.S. Attorney’s office.
Mark Bloom, a former partner at the accounting firm BDO Seidman and the founder of North Hills Fund, pleaded guilty in 2009 to securities fraud, mail fraud and several other charges and agreed to help prosecutors.
He was accused of misappropriating $20 million in investor funds from North Hills to fund a luxurious lifestyle, as well as participating in a massive tax shelter scheme at BDO Seidman, now known as BDO USA.
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