Charity Sues Accountants Over $10M Bloom Fraud

Law360, New York (January 10, 2011, 6:38 PM EST) -- A charity and its trustees have slapped an accounting firm and former hedge fund director with a suit alleging they helped convicted hedge fund manager Mark Bloom defraud them of $9.75 million through an illegal tax shelter scheme.

The Alexander Dawson Foundation and three of its trustees lodged their complaint in the New York Supreme Court on Friday. It names as defendants Victor M. Rosenweig, the former director of Bloom's North Hills Management LLC; accounting firms Zucker & Associates LLP and Davis Graber Plotzer & Ward...
To view the full article, register now.