Pryor Cashman Aided Fraudster's $20M Scheme: Suit

Law360, New York (January 5, 2012, 10:05 PM EST) -- A charity and its trustees on Wednesday accused Pryor Cashman LLP and one of its partners of helping convicted hedge fund manager Mark Bloom defraud them out of $9.75 million in a $20 million, eight-year-long Ponzi scheme.

In a suit filed in New York state court, The Alexander Dawson Foundation and two of its trustees accuse Pryor Cashman and the chairman of its litigation group Donald Zakarin of helping conceal the thefts of their client Bloom, the former head of North Hills LP, who allegedly disclosed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.