Mark Bloom goes from jet setter to pauper

In the annals of fraud, hedge fund manager Mark Bloom will probably be remembered for two details. First, his alleged $20 million scam tipped off regulators to the larger, purported $554 million one at the brokerage firm WG Trading. Second, the former big spender is now so cash-strapped that he’s planning on using a public defender when his case gets underway this summer.

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