Ex-Head of Jewelry Firm Sentenced in Bank Fraud ; Must Serve 21 Months, Repay $15.76m

Summary


TRENTON The former president of a jewelry manufacturer was sentenced to 21 months in federal prison on Wednesday for a fraud that cost Fleet Bank $15.76 million, federal prosecutors said.

Allen Bloom, who had headed Gold and Diamond Merchants, of Secaucus, was also ordered to repay the sum by U.S. District Judge Anne E. Thompson.

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Extract


Ex-Head of Jewelry Firm Sentenced in Bank Fraud ; Must Serve 21 Months, Repay $15.76m

The same restitution order was is...

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