# The Wall St. Whiz Kid Goes to Hollywood!

An episode of [Ridiculous Crime](https://invisiblenetwork.ai/podcast/1608230191), 10 Sep 2024, 1 h 00 min.

Audio: https://podtrac.com/pts/redirect.mp3/traffic.omny.fm/d/clips/e73c998e-6e60-432f-8610-ae210140c5b1/0b4bcc39-7ba2-453f-aaac-ae510011dd80/db4d4f2e-02b6-4afb-98a6-b1e6016316c5/audio.mp3?utm_source=Podcast&in_playlist=3a4c50f5-ff69-4807-aa26-ae510011dd8e

David Bloom made a name for himself in the '80s New York art world. That ended badly. So he moved west –– to a new cultural hotspot also ripe with suckers. Folks who'd believe he was a finance bro long enough for him to fleece the sheep. Again, things ended badly. See omnystudio.com/listener for privacy information.

## Transcript

[0:00] Speaker 1: Ridiculous Crime is a production of iHeartRadio.
[0:05] Speaker 2: How you doing? Oh hey, elbe hours a man.
[0:10] Speaker 3: I was eating some barber CoA some tacos that they
[0:14] Speaker 3: had there and they left them out. Yeah, I had
[0:16] Speaker 3: like the last of them and they almost put me down.
[0:19] Speaker 2: I think those are from like last week.
[0:21] Speaker 3: That's why they were called Ah. But you know, power
[0:25] Speaker 3: just increases flavor intensified. Actually, you know, it's ridiculous. Besides
[0:29] Speaker 3: my eating habits.
[0:30] Speaker 2: I certainly do analyse Rutger.
[0:33] Speaker 4: Wher from the credit credits Analise Rutgers as Judith. Okay,
[0:40] Speaker 4: here's I need to explain something because we've been getting
[0:42] Speaker 4: emails and messages and the interns or like, what do
[0:45] Speaker 4: we tell them? What are you even talking about? I said,
[0:47] Speaker 4: be quiet and get back in the hole.
[0:50] Speaker 2: Whatever.
[0:51] Speaker 4: So anyway, I need to explain analyse Rutgers please. Someone
[0:55] Speaker 4: pointed out to us that we have an IMDb page
[0:58] Speaker 4: for A Ridiculous Crime, which of which I was unaware.
[1:01] Speaker 3: Yes, anything to do right.
[1:03] Speaker 4: And on there we're the co hosts, we're the stars, baby,
[1:07] Speaker 4: and then there's a character Annalise Rutger as Judas and
[1:12] Speaker 4: it's like it's in the moon Rocks, like the guy
[1:15] Speaker 4: who slept with the lady on the Moonrocks episode.
[1:18] Speaker 3: Is her name Judah?
[1:19] Speaker 4: Yeah, No, there's no one named Judith in that episode.
[1:23] Speaker 4: And so I'm looking and she's got all these other
[1:25] Speaker 4: kind of weird credits.
[1:26] Speaker 2: Can I read you her mini bio?
[1:28] Speaker 4: Like, I think that she's just putting herself in various
[1:32] Speaker 4: She just said.
[1:32] Speaker 3: She was on the show, Yeah, just a random episode.
[1:35] Speaker 3: She picked an episode, said, oh, yeah, I was that
[1:37] Speaker 3: I played.
[1:37] Speaker 2: Judas I guess. Yeah, So here's her bio.
[1:41] Speaker 4: Annalise Margaret Rutger was born in New Haven, Connecticut, to
[1:45] Speaker 4: Carl Heinz Rutger and Anne Louise Rutger. She has one brother, Lewis.
[1:50] Speaker 4: Her ancestry is German and Irish. Annalise was an honor student.
[1:54] Speaker 4: She was in a number of films that caught attention.
[1:57] Speaker 4: Annalise was in some magazines. She was in many plays.
[2:01] Speaker 4: She was often read about. She made a movie condemning
[2:05] Speaker 4: slavery on the History Channel. Sex in the Ancient World.
[2:08] Speaker 3: She made a movie condemning slavery on the History Channel.
[2:11] Speaker 4: Exactly like the grammar and mechanics here. She agreed to
[2:16] Speaker 4: work on Greek and later found out it went against
[2:19] Speaker 4: her sorority Kappa Delta's belief on Greek. I guess the
[2:23] Speaker 4: name Annelise has a special meaning. Her name means grace
[2:26] Speaker 4: and Hebrew, she does not speak the language. She is
[2:30] Speaker 4: known for having great skin in her movie and TV
[2:32] Speaker 4: close upskin and also in her bikini and lingerie modeling.
[2:37] Speaker 4: She is of average height and still booked a lot
[2:39] Speaker 4: of modeling work. Her smile was first captured on Mark
[2:43] Speaker 4: Wahlberg's HBO series Entourage. She is in two episodes of
[2:47] Speaker 4: the show. She is single and available to meet somebody.
[2:51] Speaker 4: She has made it in Hollywood and now retired alone.
[2:56] Speaker 4: Wait what, I don't know, Like if she's no longer acting,
[3:00] Speaker 4: I don't know. But if she hasn't an agent, they
[3:02] Speaker 4: need to be fired. Uh.
[3:04] Speaker 2: The trivia for her.
[3:05] Speaker 4: She is close with Macaulay Culkin, Vince Vaughan, Kristin Davis,
[3:10] Speaker 4: Kristen Bell, and Maelan Ackerman.
[3:13] Speaker 3: Wow is she still with us?
[3:15] Speaker 2: Yeah? Recently?
[3:18] Speaker 4: Well, she was recently in a music video Spring summer
[3:22] Speaker 4: playing Rebecca. She was supposed to be in a some
[3:26] Speaker 4: sort of production called I Miss You this year with
[3:28] Speaker 4: Alyssa credited, And then it says in parentheses as a
[3:32] Speaker 4: different name, and so I don't know what that is,
[3:36] Speaker 4: but I feel like she she's just planting herself in
[3:40] Speaker 4: things like I could be like, you know, I was
[3:42] Speaker 4: in tomb Raider as Laura Croft under a different name.
[3:47] Speaker 4: Of course, she said she was on Amanda Seals podcast
[3:51] Speaker 4: Small Doses as businesswoman as a different name.
[3:56] Speaker 2: So, Amanda Seals, I know you.
[3:57] Speaker 4: Don't listen to this show, but if you do, girl,
[3:59] Speaker 4: you're getting hijacked, like we are ridiculous crime Judith as
[4:03] Speaker 4: a different name.
[4:05] Speaker 2: Uh yeah, So anyway, come.
[4:07] Speaker 3: Get your woman, Analyse Rutger. She's running wild.
[4:10] Speaker 2: Yeah.
[4:10] Speaker 4: Basically, it looks like her first thing was Estudio two,
[4:14] Speaker 4: playing bikini model for twenty five episodes.
[4:18] Speaker 2: Yep, yep.
[4:20] Speaker 4: She's played medical student Blue Lady undercredited.
[4:24] Speaker 2: That was on CSI I bet yeah.
[4:27] Speaker 4: So anyway, sex in the Ancient World, prostitution in POMPEII,
[4:31] Speaker 4: she played a Brockel slave proud.
[4:32] Speaker 3: Of her stance against slavery.
[4:35] Speaker 4: On the History Channel, she was Madison Miller in The
[4:37] Speaker 4: Virgin Murderser and played a stripper uncredited in Frat Party.
[4:44] Speaker 4: Annalese Rutger, whether this is some weird fluke, like a
[4:47] Speaker 4: glitch in IMDb that assigns.
[4:49] Speaker 3: Her to very gut it. She's I sink somehow maybe
[4:54] Speaker 3: she's paying someone to glitch.
[4:55] Speaker 2: And like, you know, you can.
[4:56] Speaker 4: You can look up her picture and see what's what's what's.
[5:00] Speaker 3: Up with analys Rucker.
[5:01] Speaker 2: Yeah, it's a.
[5:02] Speaker 4: Little rough anyway, So that's Analyse Rutger ridiculous.
[5:08] Speaker 2: It is ridiculous, But that explains it for all the
[5:11] Speaker 2: people want to know. We just want her to get
[5:13] Speaker 2: her due.
[5:13] Speaker 3: Yeah, we're trying to help her along.
[5:15] Speaker 2: I guess trying. I want her to get gigs.
[5:18] Speaker 3: You're a good person, and you.
[5:19] Speaker 4: Know she's alone, she's single and ready to mingle. She
[5:21] Speaker 4: made it in Hollywood, Sarin.
[5:23] Speaker 3: Keep that thought in mind. Yes, because I've got something
[5:25] Speaker 3: for you. Because I also know something ridiculous.
[5:27] Speaker 2: Okay, yeah, you.
[5:29] Speaker 3: Know, Okay, In case you didn't notice, Elizabeth, it's awfully
[5:32] Speaker 3: easy to fleece those folks that like to call themselves
[5:35] Speaker 3: coastal elites.
[5:36] Speaker 2: As a coastal elite, I say, right right, it's.
[5:40] Speaker 3: Also easy to fleece like those who believe that they're
[5:43] Speaker 3: the sort of person that someone who's on the inside
[5:46] Speaker 3: of a big money move would bring them in on it. Yeah,
[5:48] Speaker 3: same group, easy to fleece. You know what those two
[5:51] Speaker 3: groups have in common, Elizabeth? What's that both groups think
[5:54] Speaker 3: they're smarter than others based on no evidence whatsoever. So
[5:59] Speaker 3: you know, and one thing I know about this and
[6:01] Speaker 3: learned it from this show, but just in general is
[6:03] Speaker 3: crimers they love them for that attitude.
[6:05] Speaker 2: Oh, definitely.
[6:26] Speaker 3: This is Ridiculous Crime, a podcast about absurd and outrageous capers,
[6:33] Speaker 3: ices and cons. It's always ninety nine percent murder free,
[6:37] Speaker 3: ay and ridiculous.
[6:40] Speaker 2: Yes, Elizabeth, Yes.
[6:41] Speaker 3: You like the art world.
[6:42] Speaker 2: I do.
[6:43] Speaker 3: Wait, let me restate that you like art world crimes.
[6:46] Speaker 2: Golly do I ever? I do? Like? I do?
[6:49] Speaker 3: You? Do? You? I mean, I don't mean to put
[6:50] Speaker 3: words in your mouth.
[6:51] Speaker 2: I love art crime.
[6:53] Speaker 3: Well, let's art there. I have one for you.
[6:55] Speaker 2: It's like bloodless crime. It's exactly.
[6:57] Speaker 3: Yeah, it's it's there's no blood on the on the babis.
[6:59] Speaker 4: It's it's not like you're stealing people's life savings. It's
[7:03] Speaker 4: money laundering anyway.
[7:04] Speaker 3: Generally speaking, it's people who have it to lose it.
[7:06] Speaker 2: Get up in there, I say.
[7:07] Speaker 3: Generally speaking, generally speak, Well, this case, it's an art crime,
[7:11] Speaker 3: but it's so much more. Yeah, but for the moment,
[7:14] Speaker 3: let's just start for this story in New York in
[7:17] Speaker 3: nineteen eighties, oh, okay, nineteen eighty seven to be specific.
[7:22] Speaker 3: That has said our stage, this is going to be
[7:24] Speaker 3: October of nineteen eighty seven, our story begins, which is
[7:27] Speaker 3: a much different world. It's hard to like wrap your
[7:29] Speaker 3: arms easily around how much of a different world it was.
[7:32] Speaker 2: In October eighty Yes, right in New York.
[7:36] Speaker 3: For one, just for cultural cachet. The number one movie
[7:39] Speaker 3: in the US. Do you want to guess what it was?
[7:41] Speaker 4: Gosh eighty sevens Michael Douglas.
[7:45] Speaker 2: Yeah, you're kidding.
[7:46] Speaker 3: Yes, you're spot on. You get it as game little
[7:49] Speaker 3: hit film.
[7:51] Speaker 2: Called yeah, fatal Fatal Attraction. Yeah, yeah, yes.
[7:56] Speaker 3: With the rabbit boiling and Glenn close and.
[7:59] Speaker 2: Yes, Glen she's got range.
[8:01] Speaker 3: Yes, oh god, yes. Now I won't read you the
[8:04] Speaker 3: whole list, we don't need to, but there's some doozies
[8:07] Speaker 3: on here i'd like to discover while we're at it.
[8:09] Speaker 3: The number three movie in the US. You want to
[8:11] Speaker 3: take a guess what it was in nineteen eighty seven,
[8:16] Speaker 3: I'll give you a hint.
[8:18] Speaker 2: Has late for a police.
[8:19] Speaker 3: Highly quotable movie a lot of people. Yes, highly quotable.
[8:24] Speaker 3: That's another one. It involves land wars in Asia. There's
[8:27] Speaker 3: that's a very que oh oh oh, that's a quote.
[8:31] Speaker 3: One of the quotes involves the land Wars and never
[8:33] Speaker 3: get into the land.
[8:34] Speaker 4: Wars Princess br Yes, there you go.
[8:37] Speaker 2: That's good movie.
[8:38] Speaker 3: Number four movies. If you can guess this one, Elizabeth,
[8:40] Speaker 3: it involves not can.
[8:41] Speaker 2: We just do an episode of.
[8:46] Speaker 3: This number four movie? In eighty seven in the United States.
[8:50] Speaker 3: It involved had Had. It's known for this, I'll put
[8:53] Speaker 3: it this way. It's known for a quote about a
[8:56] Speaker 3: rule about where you put baby.
[8:59] Speaker 2: Oh nobody was baby in a corner? Dirty dancing?
[9:02] Speaker 3: Thirty dancing?
[9:03] Speaker 2: Do you have the time in your life? You know what.
[9:05] Speaker 2: I'm not sure i've ever seen that whole movie.
[9:07] Speaker 3: Really such a cable movie.
[9:11] Speaker 2: I think I've caught clips of it here and there, but.
[9:13] Speaker 3: I've never sat down and watched it down.
[9:15] Speaker 2: Because it's just kind of irritated.
[9:17] Speaker 3: Well, you didn't have a younger sister.
[9:18] Speaker 2: No, Yeah, I saw it.
[9:20] Speaker 3: I saw a lot of those movies. Sound of music.
[9:23] Speaker 3: There's a ton of movies I know purely because well,
[9:25] Speaker 3: it's your turn to pick.
[9:27] Speaker 2: Yeah.
[9:27] Speaker 3: Yeah. The shocker of this list for me is how
[9:30] Speaker 3: the number five movie in the US in nineteen eighty seven,
[9:33] Speaker 3: it was this shocker, Right, you'll never guess this once.
[9:36] Speaker 3: I'll just tell it to you. The Principle, The Principle.
[9:40] Speaker 3: Do you remember that one, or at least do you
[9:42] Speaker 3: remember seeing the cover for it at the video Stole?
[9:45] Speaker 2: Yes, it's like a is he hold? Is a guy
[9:47] Speaker 2: holding a baseball? Guys? James?
[9:51] Speaker 3: Yeah? Yeah, Ray's daughter.
[9:55] Speaker 4: Yes, whatever happened to her, she's great, She was great,
[9:58] Speaker 4: she was in the command.
[10:00] Speaker 3: Yeah, totally. There you go, one of your classics around
[10:03] Speaker 3: the office. Did you know The Principle was filmed in
[10:06] Speaker 3: your hometown of Oakland, California?
[10:08] Speaker 2: That I did not know?
[10:09] Speaker 3: Right? The high school scenes were shot at Northgate in
[10:11] Speaker 3: Walnut Creek, because it's a high school movie. The Principal, Yeah.
[10:14] Speaker 3: James Blishy, he plays principal Rick Latimer and James Bellissi.
[10:18] Speaker 3: He's a principal who gets transferred to a poor, dangerous
[10:20] Speaker 3: school after he gets in a fight at his old
[10:22] Speaker 3: school and they're like, oh, we got a transfer you,
[10:24] Speaker 3: So they send him down to like some is crappy.
[10:26] Speaker 2: In Oakland or just filmed in I think.
[10:29] Speaker 3: It's in la I don't remember, actually, but he's sent
[10:31] Speaker 3: there to restore order and this is this is where
[10:34] Speaker 3: he enlists Lou Gossip's help because he's like the security guard.
[10:37] Speaker 3: So they like they like, you know, use violence to
[10:40] Speaker 3: bring the school into order. They beat up a local
[10:43] Speaker 3: black leather clad gang leader.
[10:45] Speaker 2: Yeah, the film I love teachers beaten up kids totally.
[10:48] Speaker 3: They were in leather, the kids.
[10:50] Speaker 2: Leather clad children.
[10:51] Speaker 3: Yeah, I love gangsters in the eighties, so they always
[10:53] Speaker 3: had bandamas and leather. It's a black leather. You know,
[10:57] Speaker 3: he's bad.
[10:58] Speaker 2: The film is leather. Oh my godness, you're out of control.
[11:02] Speaker 3: Yeah, you run the streets. That's what that means. So
[11:04] Speaker 3: just imagine for this movie. It's very eighties. Lots of
[11:07] Speaker 3: guitar over dialogue.
[11:08] Speaker 2: Right, did you watch it?
[11:10] Speaker 3: I watched parts, so, yeah, just to remind myself. But
[11:12] Speaker 3: I read this a little bit and I had to
[11:13] Speaker 3: check it right. So my favorite part of this film
[11:15] Speaker 3: that I just recently learned about was how the principle ends?
[11:20] Speaker 3: So how does it end? Zaren? Great question, Elizabeth. After
[11:23] Speaker 3: he and lucas it, this is he being James Belushi.
[11:26] Speaker 3: After he and lucas it, they throw this bad leather
[11:29] Speaker 3: clad gang leader through the doors of the high school.
[11:32] Speaker 3: Right then he goes bouncing out of the double doors
[11:34] Speaker 3: and down the steps. Jim Belushi steps out and he
[11:37] Speaker 3: goes no more right now. Meanwhile, there's like a bunch
[11:42] Speaker 3: of street tufts outside the school who are watching this
[11:44] Speaker 3: scene like, oh right, and they see him throw their leader,
[11:46] Speaker 3: I guess down the steps and out of the school
[11:48] Speaker 3: and the local street tufts watching this. These are, by
[11:50] Speaker 3: the way, these are extras which I imagined are Oakland locals.
[11:53] Speaker 3: So if you want to see eighties Oakland hairdoos watch
[11:56] Speaker 3: this movie. Yeah, but the extras, I'm to bet you
[12:00] Speaker 3: these extras came not from Walnut Creek. I'm just letting
[12:03] Speaker 3: you know. To check these afros, Elizabeth, check the Jerry
[12:08] Speaker 3: curls are severe. Right anyway, to the principle, Jim Belushi,
[12:12] Speaker 3: he's there with Luke Osi Junior, breathing heavily after their
[12:15] Speaker 3: climactic fight with the gang leader. Two on one. Now
[12:18] Speaker 3: the street tuffs, some street tuff yells from the crowd,
[12:20] Speaker 3: Hey man, who the hell do you think you are? Right?
[12:23] Speaker 3: And a student answers on Jim Belushi's behalf. He says, hey,
[12:28] Speaker 3: he's the principal man. Plenty of guitar wailing over the
[12:32] Speaker 3: traumatic emphasis right, and then Jim Belushi has principal Rick shouts,
[12:36] Speaker 3: I'm the principal man, and then he gets on his
[12:38] Speaker 3: motorcycle and rides away.
[12:40] Speaker 2: He gets on a motorcycle.
[12:41] Speaker 3: Actually it's funny though. We just see the keys of
[12:43] Speaker 3: a motorcycle turn and then we see it in like
[12:46] Speaker 3: a long wide shot him ride away. We're not certain
[12:48] Speaker 3: it's him. I don't think he can ride a motorcycle.
[12:51] Speaker 2: Or just pretend it's like someone else.
[12:52] Speaker 3: Just someone takes off. So roll credits into the movie.
[12:57] Speaker 3: Now you may be thinking that was the end of
[12:58] Speaker 3: the road for old Principal Rick Latimer. But that's where
[13:01] Speaker 3: you be wrong, Elizabeth, because he shows up in a
[13:04] Speaker 3: second film in nineteen ninety one, a MOVI sequel no,
[13:08] Speaker 3: a movie called a Braxist Guardian of the Galaxy. They
[13:11] Speaker 3: what I know that it make no sense is pretty much.
[13:16] Speaker 3: But the movie was a sci fi thriller. It starred
[13:19] Speaker 3: Jesse Ventura, the former wrestler and former governor of Minnesota.
[13:23] Speaker 3: Now he plays an alien cop in this movie and
[13:26] Speaker 3: Jesse Ventura as this alien cop. You know what, It
[13:28] Speaker 3: doesn't matter. But the point is Jim Belucia's principal, Rick
[13:31] Speaker 3: Latimer shows up in this movie. How why, as you asked,
[13:35] Speaker 3: is this a sequel to the principal's eron? How is
[13:37] Speaker 3: a Braxist guardian of the galaxy related to the principal?
[13:41] Speaker 3: I don't know what you'd call it. I guess it's
[13:42] Speaker 3: part of the principal cinematic universe. But here there's more.
[13:46] Speaker 3: You know, who else was supposed to be in this movie?
[13:48] Speaker 3: A Praxist guardian of the galaxy. Stop guessing, You'll never guess.
[13:52] Speaker 3: Grace Jones and mister.
[13:53] Speaker 2: T Wait what, Yes, they were gonna play.
[13:56] Speaker 3: Aliens from the planet of Sargasia or Sargascia. Sadly both
[14:01] Speaker 3: had scheduling conference. So Jim Belushi steps in to lend
[14:04] Speaker 3: his star power to this film, his greatest roles principal
[14:08] Speaker 3: Rick Latimer.
[14:11] Speaker 2: Wait a second, I don't want to time out really quickly.
[14:14] Speaker 2: I don't know timeout.
[14:17] Speaker 4: Is the crime you're going to tell me about today
[14:19] Speaker 4: in any way related to this film? Or is it
[14:22] Speaker 4: just happened in eighty seven and you went down a
[14:24] Speaker 4: movie Rabbit Hole, tell the Truth.
[14:27] Speaker 3: Elizabeth is so hard. I went down the.
[14:30] Speaker 2: Rabbit This is absolutely nothing, but.
[14:36] Speaker 3: We're setting the stage. Elizabeth stand Out in nineteen eighty
[14:39] Speaker 3: seven was a very different time. You filled down the
[14:43] Speaker 3: IMDb rat when it said, like al said this other movie.
[14:47] Speaker 3: I'm like, what are you talking about? Principal Rick Latimer?
[14:49] Speaker 2: You did, like what I do.
[14:50] Speaker 4: We were like, this takes place in whatever year, let
[14:52] Speaker 4: me see what was like top of the what was
[14:56] Speaker 4: what's the best movie, what's fourth, what's the fifth, the
[15:00] Speaker 4: fifth gross the ice grossing film?
[15:03] Speaker 3: And then I got into like the fun facts about
[15:06] Speaker 3: that film. Then I followed Jim Belushi's extended the Principal
[15:09] Speaker 3: cinematic universe. Well, anyway, the roles he shows up in
[15:13] Speaker 3: this movie has principal Rick Latimer. I don't know. And
[15:17] Speaker 3: it's not just it's not directed by the same guy.
[15:20] Speaker 3: It's not like the directors like, hey man, you gotta
[15:21] Speaker 3: be on my next.
[15:22] Speaker 4: Movie, established Cannon It this occurs in the same universe.
[15:26] Speaker 3: Definitely, they occur in each other's universes. It turns out
[15:29] Speaker 3: Jim Belushi was dating one of this indie film's co stars,
[15:33] Speaker 3: so he's like let me bring principal Rick Latimer to
[15:36] Speaker 3: Lucy in the.
[15:36] Speaker 4: Movie what was your favorite role? He's like, well, was
[15:39] Speaker 4: the fifth grossing top movie in nineteen eighty seven.
[15:42] Speaker 3: That's the kind of star power that I'm familiar with.
[15:45] Speaker 4: I have no idea what's talking about, the principle.
[15:49] Speaker 3: So, anyway, back to nineteen eighty seven, it's a different time, Elizabeth,
[15:55] Speaker 3: and at that same time, the folks that the media
[15:59] Speaker 3: called yupes, we're still being flawing yuppies right out there,
[16:03] Speaker 3: spending money, being preppy, buying stocks and all that there's about. Then,
[16:10] Speaker 3: I just wanted to understand what movies are watching these preppees.
[16:14] Speaker 3: So they're spending big money on everything they can't. It's
[16:17] Speaker 3: the me generation, Lizabeth. You've heard about them, the consumerist
[16:20] Speaker 3: generation living the processor people, right, they said bye bye bye.
[16:26] Speaker 3: Remember there were ones who got the food processors, like
[16:29] Speaker 3: the kind of big food ticket items to get your
[16:33] Speaker 3: preppy yuppy friend for Christmas. Anyway, all this is going along, Jim.
[16:38] Speaker 2: Polushi, eat old tacos.
[16:41] Speaker 3: I found you the meat. I might have turned. Anyway,
[16:44] Speaker 3: all this gets stopped by thing called black Monday. Oh yeah,
[16:48] Speaker 3: you remember hearing about the gloom of Black Monday, the
[16:50] Speaker 3: whole unexpected global stock market crash that happened on a Monday.
[16:54] Speaker 3: Thus Black Monday, October nineteenth eighty seven, Well, the stock
[16:59] Speaker 3: market are around the world wipees out one point seven
[17:01] Speaker 3: trillion dollars right off the ledgers. Huge economic downturn leads
[17:05] Speaker 3: to our recession. Changes the culture from basically the go
[17:07] Speaker 3: go eighties into the nineties now now. One day before,
[17:11] Speaker 3: just exactly one day before this catastrophic global stock market crash,
[17:16] Speaker 3: the New York Times magazine, the weekend magazine of the
[17:18] Speaker 3: paper of record, Elizabeth, published a glowing story about yuppi's
[17:22] Speaker 3: buying up art as fast as they could. Yuppie's like
[17:25] Speaker 3: our crimer of the day, David.
[17:27] Speaker 2: Bloom Aneles repker as David Bloom.
[17:31] Speaker 3: In nineteen eighty seven, David Bloom was a twenty three
[17:33] Speaker 3: year old with a taste for buying very expensive works
[17:35] Speaker 3: of art. Somehow no one found this suspicious. As he
[17:38] Speaker 3: told the New York Times magazine, quote, first I decide
[17:41] Speaker 3: what I want to buy. Then I worry about how
[17:42] Speaker 3: I'm going to pay for it. What was he buying, Elizabeth.
[17:46] Speaker 2: I don't know.
[17:46] Speaker 3: Great question now was the time scrupulously documented. Quote. For
[17:50] Speaker 3: the last two years, Bloom has been aggressively building a
[17:52] Speaker 3: collection of American paintings and sculpture dating from eighteen nineteen
[17:56] Speaker 3: to nineteen fifty two. Now, his goal was to amass
[17:59] Speaker 3: the mostive collection of paintings and sculptures dating from eighteen
[18:03] Speaker 3: nineteen to nineteen fifty two.
[18:05] Speaker 2: So pretty broad. Yeah, I know, right, category.
[18:07] Speaker 3: That was his thing. Anyway he put it, quote, I'm
[18:10] Speaker 3: always on the search. I estimate I devote at least
[18:12] Speaker 3: two hours every day on the average to finding out
[18:15] Speaker 3: what's available. Two whole hours. Elizabeth.
[18:18] Speaker 2: Yeah, I do it too, I find out what's available.
[18:20] Speaker 3: Now, this guy, David Bloom, he had other troubles besides that,
[18:23] Speaker 3: other than his small time commitment to his art collecting. Bloom,
[18:27] Speaker 3: he half boasted to The New York Times, quote, I'm
[18:30] Speaker 3: a young collector in an old person's field. There are
[18:32] Speaker 3: some galleries to take a look at me and assume
[18:34] Speaker 3: I'm wasting their time. They won't even let me pass
[18:37] Speaker 3: the first floor.
[18:39] Speaker 4: Well, he's basically Julia Roberts, a pretty woman.
[18:42] Speaker 3: Good call.
[18:43] Speaker 4: Well, I don't remember what year that came out, but
[18:44] Speaker 4: it was around that time.
[18:45] Speaker 3: Ninety one. I think it's later in that. I think
[18:47] Speaker 3: it's like ninety or ninety one.
[18:48] Speaker 2: Either way, that's what he does. He goes in, he
[18:51] Speaker 2: wears a short skirt. It's like you're going to actor.
[18:53] Speaker 3: Elizonda's like, no, there's suspicious minds could not stop this
[18:58] Speaker 3: guy because one day he found a gallery, one gallery, Elizabeth,
[19:01] Speaker 3: that would work with him, a place called Barry Hill
[19:04] Speaker 3: Galleries in.
[19:04] Speaker 2: Manhattan, honest Conca Galleries.
[19:06] Speaker 3: And as he boasted to The Times, our man David Bloom,
[19:09] Speaker 3: he said, and I quote, I could never have done
[19:11] Speaker 3: this on my own, first serious collector, it's crucial to
[19:14] Speaker 3: develop a relationship of trust with experts. They've been at
[19:17] Speaker 3: auctioned for me, know what I'm missing, and are constantly
[19:20] Speaker 3: working on building a well rounded collection. That's the key phrase.
[19:24] Speaker 3: By the way, I could have never done this on
[19:26] Speaker 3: my own.
[19:26] Speaker 2: Yeah, just throw money at it.
[19:28] Speaker 3: So just let that thought percolate in your mind. We'll
[19:30] Speaker 3: take a little break and I'll come back. I'll tell
[19:32] Speaker 3: you how he could have never done this on my own.
[19:55] Speaker 3: All right, Elizabeth, we're back, my man David Bloom, Yes,
[19:58] Speaker 3: nineteen eighties art fan out never could have done this
[20:01] Speaker 3: on my own with a food process at the time.
[20:05] Speaker 3: Go eighties he's he's working eighties energy and he's got
[20:10] Speaker 3: the assistance of auction houses like Southeby's and Christie's your friends,
[20:13] Speaker 3: and the eighties had been a gangbuster's time for the
[20:16] Speaker 3: New York art world, as we've talked about, right. Southeby's
[20:18] Speaker 3: was proud to announce to anybody who would listen that
[20:20] Speaker 3: they'd signed up twenty thousand new private clients.
[20:24] Speaker 2: Wow.
[20:24] Speaker 3: Yeah, and that was like in five years time. Right now.
[20:27] Speaker 3: Christie's they said they wouldn't give the same numbers, but
[20:29] Speaker 3: they said that they're bidders. The number of their bidders
[20:31] Speaker 3: had gone up by twenty twenty five percent, right, a
[20:34] Speaker 3: bunch of bs as far as I'm spending out.
[20:36] Speaker 2: Whole point, Yeah, you know, competing.
[20:38] Speaker 3: Exactly, and not only that, but also trying to just
[20:40] Speaker 3: like ruffle their feathers and bluster each other like, oh,
[20:42] Speaker 3: we've got this, and the numbers mean nothing, you know,
[20:44] Speaker 3: because twenty thousand new private clients is that a lot?
[20:46] Speaker 3: Is that a little? I don't know, who knows me? Yeah,
[20:49] Speaker 3: put that in perspective. But anyway, for those not new
[20:51] Speaker 3: to the art world, They marveled at all the new
[20:53] Speaker 3: faces in these auctions. Right, the new suckers come to market,
[20:57] Speaker 3: you might say. And there was David Bloom working go
[21:00] Speaker 3: time for his two hours a day. Now his Manhattan
[21:03] Speaker 3: apartment Elizabeth became the new home to some of the
[21:06] Speaker 3: artwork he manages to buy and all these auctions so
[21:09] Speaker 3: that he's able to get these other people to purchase
[21:11] Speaker 3: for him. On his walls, if you'd visited, you would
[21:14] Speaker 3: have loved it. You find the artwork of John Singer,
[21:16] Speaker 3: Sergeant Mary Cassatt. Right, yes, I know you like her.
[21:20] Speaker 3: And so in fact, the wallpaper was selected by his
[21:22] Speaker 3: interior designers to highlight the artworks. Now I found a
[21:27] Speaker 3: great quote of what these interior decorators did to highlight
[21:30] Speaker 3: the artworks. Quote they used a Beiji and white classical
[21:34] Speaker 3: pattern for the living room and a vibrant red stripe
[21:36] Speaker 3: pattern for the dining room that made the art popular.
[21:39] Speaker 3: Bit sure, it's not bad for a twenty three year
[21:41] Speaker 3: old art collector. Now David Bloom had another art had
[21:44] Speaker 3: another passion besides his art collection. His other passion frames.
[21:48] Speaker 3: Oh sure, yeah, Now he's had Quote. I take framing
[21:51] Speaker 3: very seriously because the right frame can change the way
[21:54] Speaker 3: a picture looks. I often spend months looking for just
[21:57] Speaker 3: the right one.
[21:58] Speaker 4: He just goes in the gallery's like, you know what,
[22:00] Speaker 4: big frame guy, you.
[22:02] Speaker 3: Show me your frames. I don't want the art, the frames. Now,
[22:05] Speaker 3: apparently this cat had all the best frames, Elizabeth. He
[22:07] Speaker 3: had quote two Stanford White frames, a child Hassam and
[22:11] Speaker 3: one by Charles Prendergrass.
[22:13] Speaker 2: Wait Charles Prends Yes.
[22:15] Speaker 3: Brother of Maurice Prendigrass.
[22:16] Speaker 2: What about Teddy, Elizabeth, I know.
[22:24] Speaker 3: What, Yeah, Teddy's boy. I know you have an eye
[22:27] Speaker 3: for art and even own a few paintings and frame prints. Right, So,
[22:30] Speaker 3: if you were interested in some advice. In my research
[22:33] Speaker 3: on David Bloom, I found an offer of a list
[22:35] Speaker 3: of seven tips for art collecting beginning. Number one, begin
[22:40] Speaker 3: a collection by focusing on a particular period, for instance
[22:43] Speaker 3: eighteen nineteen fifty two. Develop a good relationship with a
[22:48] Speaker 3: reputable dealer. That way you'll know exactly what you were
[22:51] Speaker 3: getting and can have some recourse if necessary, because it's
[22:53] Speaker 3: so easy to find a reputable art dealer. Number three,
[22:56] Speaker 3: look for period or trade catalogs. They are good reference material.
[23:03] Speaker 2: Find a catalog. Okay, that's a good idea. Number four.
[23:06] Speaker 3: Although buying at flea markets can be risky, if you
[23:09] Speaker 3: find something you like that is well priced and you
[23:11] Speaker 3: are ready to gamble, take the plush that. Number five.
[23:14] Speaker 3: Pre auction viewing the time before an auction where you
[23:17] Speaker 3: can closely examine the items. It's one of the best
[23:19] Speaker 3: educational experiences. Unlike a museum, there are no roped off areas,
[23:25] Speaker 3: so you can open the drawers of a desk orp,
[23:27] Speaker 3: turn over a chair, lick it, just flip it. Want numbers,
[23:32] Speaker 3: This one's mine. Number six. Auction house experts are very
[23:37] Speaker 3: often generous with information. Doesn't mean it's true. Now ask
[23:42] Speaker 3: them questions. After all, it is to their advantage to
[23:44] Speaker 3: educate the buyer.
[23:45] Speaker 2: No it is not, then they them feel smart.
[23:48] Speaker 3: Number seven. Go to auctions.
[23:51] Speaker 2: How to get a painting A Well.
[23:54] Speaker 3: Yeah, but there's more to it. And watch what the
[23:57] Speaker 3: dealers are bidding on. This is a way of gauging
[23:59] Speaker 3: not on popular taste, but also current prices. Okay, now,
[24:03] Speaker 3: for those listening, I would like to add one other
[24:04] Speaker 3: art collecting tip. Considered a rat a ridiculous crime art
[24:08] Speaker 3: collecting tip Colet's call it number eight. Yeah, number eight,
[24:11] Speaker 3: do not do crimes just to build an art collection,
[24:13] Speaker 3: or you may lose it when the Feds come a calling. Now,
[24:16] Speaker 3: the reason I bring this up is because one year later,
[24:19] Speaker 3: The New York Times ran a second story about David Boy.
[24:22] Speaker 2: Oh boy. Here it is.
[24:24] Speaker 3: December nineteen eighty eight. The Times ran this headline, wall
[24:26] Speaker 3: Street whiz kid gets eight year.
[24:29] Speaker 2: Term for fraud eight years.
[24:31] Speaker 3: Yes, that was his nickname at the time, the Wall
[24:33] Speaker 3: Street whiz Kid. He was a finance guy and he
[24:35] Speaker 3: called himself the Wall Street wiz Kid. And that explains
[24:37] Speaker 3: how a twenty three year old could have masked one
[24:39] Speaker 3: of the most impressive art collections in the area. Oh yeah, yeah,
[24:42] Speaker 3: but what did David Bloom do to get busted?
[24:45] Speaker 2: Cocaine?
[24:47] Speaker 4: I imagine, Yes, I am guessing that this guy, a
[24:50] Speaker 4: twenty three year old finance broke in the eighties buying
[24:54] Speaker 4: up art like a drunken sailor.
[24:56] Speaker 2: He is coked to the guilt.
[24:58] Speaker 3: Oh yes, see, he's basically a walking coke vile. Yeah, allegedly, allegedly,
[25:03] Speaker 3: we're saying now, the Wall Street whiz Kid. He's accused
[25:06] Speaker 3: of defrauding his investors of fifteen million dollars, which was
[25:09] Speaker 3: a lot in nineteen eighty seven, he had truly, but
[25:12] Speaker 3: it was a way a lot then.
[25:13] Speaker 2: Yeah.
[25:13] Speaker 3: Yeah, he had one hundred and forty clients at the
[25:15] Speaker 3: time that he was working their investments, and he started
[25:17] Speaker 3: out investing the money of his friend's parents. That's how
[25:20] Speaker 3: he got his okay, oh yeah, he attended Duke University.
[25:23] Speaker 3: He graduates in eighty five. He goes into finance, moves
[25:26] Speaker 3: to New York. He finds some clients and like I said,
[25:29] Speaker 3: early ones were the wealthy parents of his college friends.
[25:31] Speaker 3: He starts, you know, takes their money invested, or rather
[25:34] Speaker 3: he pretends to invest it, because really what he did
[25:36] Speaker 3: is he took it their money and he blew it
[25:38] Speaker 3: on his art collection, his beloved frames, his interior decorators investment.
[25:42] Speaker 3: Not only that, he also bought himself property and expensive
[25:45] Speaker 3: sports cars. He bought himself an apartment on the East Side.
[25:48] Speaker 3: He bought himself a two million dollar home in the
[25:49] Speaker 3: Hampton's and then that was back when a two million
[25:51] Speaker 3: dollar home in the Hampton's was very expensive.
[25:53] Speaker 2: Yeah.
[25:53] Speaker 3: Now he also had a house he bought for himself
[25:55] Speaker 3: in the city. That's where he just kept the women
[25:57] Speaker 3: in his life that were staying. He's like, oh, you
[25:59] Speaker 3: can just stay in this apartment, in this house. I
[26:00] Speaker 3: have to call them girlfriends is an insult to the
[26:02] Speaker 3: term girlfriend, so we'll just say the women in his life.
[26:05] Speaker 2: Yeah.
[26:05] Speaker 3: Now he was enjoying this champagne and caviar, the Lifestyles
[26:08] Speaker 3: of the Rich and famous, Robin Leech lifestyle. Right, But anyway,
[26:12] Speaker 3: Robin Leech as the guy is the name of the
[26:15] Speaker 3: guy who's just out with rich people and brings nothing
[26:18] Speaker 3: to the situation other than some cameras and like a
[26:21] Speaker 3: lust for nice things.
[26:22] Speaker 2: He's like Robin Barnacle Leech. It's a joke.
[26:26] Speaker 3: It's like Bas came up with him as an idea. Anyway,
[26:30] Speaker 3: this dude, he's loving this lifetime.
[26:32] Speaker 2: I'm sorry, but I have to.
[26:33] Speaker 4: As soon as we're done here today, I'm going to
[26:35] Speaker 4: look into why was Robin Leach an Experts do not.
[26:41] Speaker 2: Know who this man.
[26:43] Speaker 3: I assume like Merv Griffin oam money and gave.
[26:46] Speaker 4: Him a show like he just had an accent and
[26:50] Speaker 4: asked he showed up.
[26:52] Speaker 3: He knew port from Starboard.
[26:54] Speaker 4: The show was Lifestyles of the Rich and Famous, and
[26:57] Speaker 4: it just like had the sycophone.
[27:00] Speaker 3: To go around, so discussed and just go show me
[27:02] Speaker 3: your nice stuff. Then he would just walk around and
[27:05] Speaker 3: he used that weird accent he had. It wasn't really
[27:08] Speaker 3: a British accent, but it was like a put upon
[27:11] Speaker 3: British accent because he was like Australian or something. Right,
[27:13] Speaker 3: I think he wasn't really British.
[27:14] Speaker 4: And he actually from upstate New York.
[27:19] Speaker 3: No, whenever anyone raised their questions about their investments with
[27:22] Speaker 3: old David bloom Right, well he'd of course, he had
[27:25] Speaker 3: him covered, right, he'd print up some fake paperwork and
[27:28] Speaker 3: show them where their money was. Not only that, though, Elizabeth,
[27:30] Speaker 3: he was smart, the fraudulent paper also showed that the
[27:33] Speaker 3: investors were making big profits. So it was like, look
[27:35] Speaker 3: here's what your money is, and look how well you're doing.
[27:38] Speaker 2: Doing great.
[27:39] Speaker 3: And when I see these investors by investors, I mean
[27:41] Speaker 3: greedy people who love big profits, because these aren't real investors.
[27:44] Speaker 3: These are people who would do things like investor with
[27:46] Speaker 3: this guy. Know, if any of these investors wanted to
[27:49] Speaker 3: taste some of their profits and wanted to cash out
[27:51] Speaker 3: a little, if he was like pushed to pay out,
[27:53] Speaker 3: of course he would. He had to. So he would
[27:55] Speaker 3: take the money from a new investor, and then he
[27:57] Speaker 3: would give that to the investor who wanted their money.
[27:59] Speaker 3: And we all know what we call that, Elizabeth.
[28:01] Speaker 2: The pyramid buns.
[28:03] Speaker 3: Yeah, it's a Ponzie scheme. Now his company was called
[28:06] Speaker 3: Greater Sutton Investors Group.
[28:09] Speaker 2: That mounds. That sounds wealthy, No, it.
[28:10] Speaker 3: Sounds very serious. So Greater Sutton Investors Group. Yeah, the
[28:14] Speaker 3: GSIG are kidneying that. That was about all the cover
[28:17] Speaker 3: he needed because between the fraudulent paperwork and the profits
[28:21] Speaker 3: paid from the next suckers, and then obviously the whole
[28:23] Speaker 3: patina of young wealth and success he'd liked to emulate,
[28:27] Speaker 3: David Bloom was able to build a repertoire of actual
[28:29] Speaker 3: real money investors. I'm talking folks like Bill Cosby and
[28:32] Speaker 3: the Sultan of BRUNEI.
[28:35] Speaker 2: Yes.
[28:36] Speaker 3: Then then nineteen eighty seven comes right, yeah, oh, in
[28:39] Speaker 3: this like Bush League Bernie Madeoff, scheme comes apart because
[28:43] Speaker 3: what happens in eighty seven what I say, Black Monday
[28:45] Speaker 3: stock market crash. Yeah, Suddenly David Balloom can't find his
[28:49] Speaker 3: next sucker, which means he can't keep his Ponzi scheme going,
[28:52] Speaker 3: which means he gets arrested, tried, and convicted.
[28:54] Speaker 2: Yeah.
[28:55] Speaker 3: So one of his victims had been his own grandmother.
[28:58] Speaker 2: No, yeah, oh come on now, oh.
[29:01] Speaker 3: Yeah, David. Now, before he was sentence, David Bloom confessed
[29:04] Speaker 3: before the court that his Ponzi scheme had escalated way
[29:07] Speaker 3: beyond any possible control, and he said he wished to apologize.
[29:10] Speaker 3: He didn't apologize. He said he.
[29:11] Speaker 2: Wished to apologize. I could apologize, and he.
[29:14] Speaker 3: Said, and I quote your honor, for the past few years,
[29:17] Speaker 3: my life has been out of control. Now at this point,
[29:19] Speaker 3: Bloom clasped his hands together and he promised the judge
[29:22] Speaker 3: that he was presently undergoing extensive psychiatric treatment. Like he
[29:27] Speaker 3: was like, your Honor, I'm not a well man. Now,
[29:31] Speaker 3: keep in mind, Also he's got a lawyer there right,
[29:33] Speaker 3: because he's paying for it. There's another guy talking on
[29:35] Speaker 3: his behalf, and so his lawyers like I got this
[29:37] Speaker 3: one off. He asked the judge for leniency. He pleads
[29:40] Speaker 3: that this Ponzi scheme of David David Blooms was always
[29:43] Speaker 3: bound to fail. I mean, this guy he owed incredible debts,
[29:45] Speaker 3: Your Honor, he had back taxes. Also, he's got to
[29:48] Speaker 3: now pay restitution to his victims. This guy's saddled with debts.
[29:51] Speaker 3: Feel bad for him, Your honor judge is like, no, bro,
[29:53] Speaker 3: he's no fan of a Wall Street fraudster who's won
[29:56] Speaker 3: twenty four years old at this point and following the
[29:58] Speaker 3: stock market crash, everybody wants to kind of punish the
[30:01] Speaker 3: Wall Street he brought down, like Main Street finances, especially
[30:06] Speaker 3: the scammers like David Bloom, so acknowledging this new spirit
[30:09] Speaker 3: of the times, Bloom's lawyer calls his client quote a
[30:13] Speaker 3: greedy young man. I admit he's a greedy young man.
[30:16] Speaker 3: He also calls him, he's a product of our times.
[30:18] Speaker 3: You're honor. Right. After admitting all that, his lawyer then
[30:21] Speaker 3: asked the judge to, you know, instead of punishing his
[30:23] Speaker 3: client with more prison time than like the Wall Street
[30:27] Speaker 3: fraudsters like I've been Bowsky, you know, he's kind to
[30:30] Speaker 3: this guy, right, He's just a young man with so
[30:32] Speaker 3: much life before him.
[30:33] Speaker 4: He spent so much money at Sharper Image on food
[30:37] Speaker 4: processors and.
[30:38] Speaker 3: Those like glowing balls with the electric light they put
[30:41] Speaker 3: your hand zapping your fingers. Now, the only reason, his
[30:45] Speaker 3: lawyer points out, the only reason that you're going to
[30:47] Speaker 3: go after my client instead of people like I have
[30:49] Speaker 3: in Boski was the simple fact that quote, he had
[30:52] Speaker 3: no accomplices to turn in. Oh remember though, he said,
[30:57] Speaker 3: I couldn't do this on my own, So he guys
[30:59] Speaker 3: have accomplice. But the judge is like, well, you know what,
[31:02] Speaker 3: those guys aren't here. Your client is. So he throws
[31:04] Speaker 3: the book at him and he says, quote, I find
[31:06] Speaker 3: the mister Ballom is remorseless, completely lacking in conscience. Then
[31:10] Speaker 3: he sentences David Bloom to eight years.
[31:12] Speaker 2: In federal prisons on just two.
[31:14] Speaker 3: Charges of fraud. And he makes sure that then that
[31:17] Speaker 3: the sentences are going to run not concurrent, but consecutive. Sure,
[31:21] Speaker 3: he's got to do fourth, then he's got to do four. Yeah. So,
[31:24] Speaker 3: as the New York Times records quote, Bloom displayed little emotion,
[31:28] Speaker 3: but he seemed to swallow hard when the judge said
[31:30] Speaker 3: the two sentences had to be served consecutively. So he
[31:33] Speaker 3: realized it. He's like my life. So soone he ends
[31:36] Speaker 3: up spending six years behind bars, and he gets released
[31:38] Speaker 3: from federal prison in nineteen ninety four. So what does
[31:41] Speaker 3: this former frauds to do next? Elizabeth? Now that he's free,
[31:44] Speaker 3: he goes back to Manhattan starts a new life for himself,
[31:47] Speaker 3: and I'd like to tell you that he became a
[31:49] Speaker 3: restored member of society. I would like to Elizabeth, but
[31:52] Speaker 3: he would not let me do that because he went
[31:55] Speaker 3: right back to crime.
[31:56] Speaker 2: Can't help it, the boy can't help it.
[31:58] Speaker 3: He also knows that finance angle too well, and there's
[32:00] Speaker 3: so many suckers out there at this point ninety four
[32:05] Speaker 3: ye I speaking back up. Clinton's got the economy but
[32:09] Speaker 3: coming back out all at eighties downturn and like why
[32:11] Speaker 3: he was able to be elected in ninety two. So
[32:13] Speaker 3: things are starting to roll along. So David Bloom starts
[32:16] Speaker 3: working that finance angle he knows so well. He settles
[32:19] Speaker 3: into midtown Manhattan. Now he doesn't like he can't go
[32:21] Speaker 3: and hang out like and get an office per se.
[32:24] Speaker 3: That's because the SEC is after him, is probably anyway.
[32:26] Speaker 3: He starts hanging out in restaurants and eateries and just
[32:28] Speaker 3: acting like a big shot, right, and he tells the
[32:31] Speaker 3: waiters and waitresses that he's in finance. He tells the
[32:34] Speaker 3: regulars he's in finance. He also tells them about all
[32:36] Speaker 3: the easy money he's making off of stock market IPOs.
[32:39] Speaker 3: If you don't know if those are their initial public offerings.
[32:41] Speaker 3: It's when the stock first goes out to the regular
[32:44] Speaker 3: little people. I know about that beforehand, and I'm able
[32:46] Speaker 3: to invest that kind of talk right now, he'd tell
[32:48] Speaker 3: peop about this inside scoop, and he was generous to
[32:51] Speaker 3: let the little people know what he knew. Now, that
[32:53] Speaker 3: is the ones he liked. This is the key. He
[32:55] Speaker 3: made people feel special and that he this finance guy,
[32:58] Speaker 3: this big shot like them give them an entrance into
[33:01] Speaker 3: the world of high finance through a side door. Now,
[33:04] Speaker 3: eventually they would ask him about investing. I mean he
[33:07] Speaker 3: hits he liked them, Elizabeth. He would he would give
[33:10] Speaker 3: them some advice on where they could invest. Then maybe
[33:12] Speaker 3: one day he'd tell him about one of his big deals.
[33:14] Speaker 3: If you could come aboard this one, oh man, you
[33:16] Speaker 3: got you'd be making money. By the way, at this point,
[33:20] Speaker 3: this is around two.
[33:21] Speaker 2: Thousand, so for a while totally.
[33:24] Speaker 3: He does it for a number of years, right, and
[33:26] Speaker 3: then the economy tanks in two thousand and again with
[33:29] Speaker 3: the stock market, and this guy gets busted right when
[33:31] Speaker 3: the stock market goes wonky. He's got real bad time
[33:34] Speaker 3: in the back because he runs out of investors because
[33:36] Speaker 3: he's always running scams. So he gets charged with larceny
[33:39] Speaker 3: sec violations, back to prison for five years. After this
[33:42] Speaker 3: second time, he gets out in two thousand and six
[33:44] Speaker 3: and he starts his new life for the second time.
[33:48] Speaker 3: And I would like to tell you that he was
[33:49] Speaker 3: restored to the community of non crimers Elizabeth because he
[33:54] Speaker 3: went because of course, he went running back to crime.
[33:58] Speaker 2: Oh god.
[33:59] Speaker 3: However, it is all he knows, really bow But I mean,
[34:02] Speaker 3: he could go legit. But regardless, this is when he
[34:05] Speaker 3: did make one big change in his life. He met
[34:08] Speaker 3: his future wife, Nancy Oseias. Apparently he told her about
[34:11] Speaker 3: his criminal past. He came clean, and I put heavy
[34:14] Speaker 3: emphasis on it being his past. She believed him. She
[34:17] Speaker 3: was like, oh, let's start a new life together. And
[34:19] Speaker 3: she planned to start this new life. And then her
[34:21] Speaker 3: family members when they heard about this, they were like no,
[34:23] Speaker 3: they were dead set against this right. And then because
[34:26] Speaker 3: they could look up David Bloom on the Internet and
[34:28] Speaker 3: there's like, oh Wall Street whiz kid, you know, like
[34:30] Speaker 3: scammer A yeah exactly, They're like, no, honey, we can't anyway.
[34:35] Speaker 3: Two thousand and nine, couple gets married. Twenty eleven, the
[34:39] Speaker 3: newly weds move across country to get away from like
[34:41] Speaker 3: all their pasts, right, and possibly her family saying he's
[34:44] Speaker 3: no good for you. Yeah, they pick up sticks, they
[34:46] Speaker 3: find new digs. Can you guess where they moved, Elizabeth.
[34:48] Speaker 2: They moved across country from New York City Los Angeles.
[34:51] Speaker 3: You said, Los Angeles. Dang ding dang chicken dinner for
[34:55] Speaker 3: the big winner. Now, for most folks, a move like
[34:57] Speaker 3: that would mean when they arrived in their new low cow,
[35:00] Speaker 3: they would need to find gainful employment. Not David Bloom, Elizabeth,
[35:04] Speaker 3: no money finds him. So, as his newlywed bride remembered,
[35:08] Speaker 3: somehow he didn't find work, but money kept rolling in.
[35:11] Speaker 2: Amazing somehow.
[35:13] Speaker 3: You see, she's just a sweet summer child, Elizabeth. She
[35:15] Speaker 3: would have never suspected that her husband, who told her
[35:17] Speaker 3: that he'd been in crime, had returned to crime. He's
[35:20] Speaker 3: just good with finance. It's not that she would be suspicious.
[35:23] Speaker 3: She somehow the money kept rolling in.
[35:26] Speaker 2: Her love is making him into man.
[35:28] Speaker 3: Exactly, I can change him, as she'd say much later,
[35:32] Speaker 3: and I quote in retrospect, I have absolutely no idea
[35:34] Speaker 3: if anything he ever told me was true. Oh yeah,
[35:37] Speaker 3: you think, as the saying goes, the cows came home,
[35:40] Speaker 3: the cows in this case, Elizabeth were a proof of
[35:42] Speaker 3: multiple fraud in her name his wife. She came home
[35:46] Speaker 3: one day and she found mail in her name, and
[35:47] Speaker 3: the mail was credit cards in her name, and the
[35:50] Speaker 3: credit cards that she had not applied for. And that
[35:52] Speaker 3: was not all. There was other stuff in her name.
[35:54] Speaker 3: She asked her husband what was going on. I guess
[35:56] Speaker 3: she didn't like the answers because she filed for divorce.
[35:59] Speaker 3: That was you in twenty seventeen. That same year, she
[36:02] Speaker 3: and her soon to be X's husband were named in
[36:04] Speaker 3: a lawsuit together. The two investors who sued them claimed
[36:08] Speaker 3: the victims of David Bloom had were victims to the
[36:12] Speaker 3: tune of one hundred and one thousand dollars in an
[36:15] Speaker 3: investment that they gave him for an early round of
[36:17] Speaker 3: investment in Snapchat before the IPO.
[36:19] Speaker 2: Oh you're kidding.
[36:20] Speaker 3: Yeah, Now, I don't know what all happened in the
[36:22] Speaker 3: back room dealings, but I did find out that the
[36:24] Speaker 3: lawsuit was settled two years later in twenty nineteen, and
[36:26] Speaker 3: the wife was no longer mentioned. The divorce went through,
[36:29] Speaker 3: and the Sweet Summer Child the innocent that she was
[36:32] Speaker 3: somehow advantages to wriggle out of any mutual culpability.
[36:35] Speaker 2: Is it was snapchat? The one in Venice, Yeah.
[36:37] Speaker 3: The one that I lived across the street from. The
[36:38] Speaker 3: lady would always bike back and forth in front going
[36:41] Speaker 3: yelling things I can't say right now because of the
[36:43] Speaker 3: cussing of its Snapchat, like every like fifteen twenty minutes
[36:46] Speaker 3: she bike one direction.
[36:47] Speaker 2: To the other. Makes sense. She go to La Everybody
[36:49] Speaker 2: hated it.
[36:50] Speaker 4: Yeah, and you pretend like got in on Snapchat.
[36:53] Speaker 3: Totally, and people they were all everybody in the area
[36:55] Speaker 3: was like in there in Santa Monica. They would want
[36:57] Speaker 3: to because they're like, oh, my kid tells me about that,
[36:59] Speaker 3: I'd love to totally.
[37:00] Speaker 2: And they're like, oh, I've got a line on it.
[37:02] Speaker 2: I'll get you in there.
[37:02] Speaker 3: So this guy could be milking tons of suckers down.
[37:05] Speaker 3: So anyway, though, his divorce gets granted. So now, what
[37:08] Speaker 3: does David Bloom do next. He's now a two time convict,
[37:11] Speaker 3: back to his criming ways, has moved to Los Angeles.
[37:14] Speaker 3: He's also, by the way, living in Hollywood, and now
[37:16] Speaker 3: he's divorced.
[37:17] Speaker 2: What does he do next?
[37:18] Speaker 3: Yeah, what's he doing next?
[37:19] Speaker 2: Cocaine?
[37:20] Speaker 3: He becomes a super divorce guy. Oh boy, Yes, he
[37:23] Speaker 3: moves into an apartment complex on Franklin Avenue, which is
[37:26] Speaker 3: a Franklin boulevard at spot called Villa Carlata. Right, you
[37:29] Speaker 3: know up at the top of Hollywood, right, yea, So
[37:32] Speaker 3: imagine a Hollywood apartment complex were young actors and middle
[37:35] Speaker 3: ages still hopeful. Yeah, like white outside stucco, right, And
[37:39] Speaker 3: so the smarmy dudes who are like Hollywood hangers on. Right,
[37:43] Speaker 3: the guy is always working a deal. That's where they live, right.
[37:46] Speaker 3: So now they add in this fifty something super divorce guy.
[37:48] Speaker 3: He sets upshot for sport in for business. He goes
[37:51] Speaker 3: trawling the bars and restaurants in the area, same as
[37:54] Speaker 3: he did in Manhattan, and one of his favorite spots
[37:57] Speaker 3: was one of my favorite spots, Elizabeth, what's that. I'm like,
[38:00] Speaker 3: tell you, we'll take a little break after this. I
[38:01] Speaker 3: will be back and tell you where I almost cross
[38:04] Speaker 3: paths with David Balloon.
[38:05] Speaker 2: Oh you're kidding me, and we're back.
[38:28] Speaker 3: So I've told you before I used to live in Hollywood,
[38:31] Speaker 3: and yes I did, like you know, screenwriting and acting
[38:33] Speaker 3: and stuff. So one of the spots I used to
[38:36] Speaker 3: frequent was this place called the Frolic Room on Hollywood Boulevard.
[38:40] Speaker 3: It sounds worse than it is.
[38:41] Speaker 2: Ladies take their clothes off, Yeah, no, you.
[38:44] Speaker 3: You'd be hard pressed to find many ladies in this
[38:46] Speaker 3: spot backward.
[38:47] Speaker 2: The place where guys take their clothes off for dollar bills.
[38:50] Speaker 3: No, it was a legendary dive bar. You like dive bars.
[38:55] Speaker 3: I did it used to now when I lived in
[38:57] Speaker 3: La was the kind of dive bar where you find
[38:58] Speaker 3: real drunks, right, the kind who would be there in
[39:00] Speaker 3: midday drinking right so by the times ask right now,
[39:04] Speaker 3: by the time David Bloom was drinking, there was more
[39:06] Speaker 3: of like a Hollywood cool hip bar because they'd been
[39:09] Speaker 3: restored to Glory Frolic Room right on Hollywood next to
[39:13] Speaker 3: the Pantageous Theater. Yeah yeah, okay, Now, back when I
[39:16] Speaker 3: was drinking there, as I said, I was a Hollywood
[39:17] Speaker 3: screenwriter who wanted to join the ranks of those writers
[39:19] Speaker 3: who came before me and drank in the daytimes. I
[39:21] Speaker 3: was like, I coulda go down to drinking bars in
[39:23] Speaker 3: the daytime and thought it was key to my powers.
[39:25] Speaker 3: I don't know. One day I was in there by myself,
[39:27] Speaker 3: who's in the frolic room with me, Elizabeth, don't bother
[39:30] Speaker 3: asking or guessing key for Sutherland. Oh wow, yeah, you
[39:33] Speaker 3: wouldn't see that one coming, did Joe.
[39:35] Speaker 2: Well, I was going like Jean Claude van Dam.
[39:38] Speaker 3: Now I knew it was him, but I pretended I
[39:40] Speaker 3: didn't know was him. And then he seemed to like that.
[39:42] Speaker 3: So he and I sat there and we drank together
[39:44] Speaker 3: and talked and we watched the hockey game? Did he
[39:45] Speaker 3: asked the bartender to put on because he's a big
[39:47] Speaker 3: hockey fan. Anyway, this bar, as I told you later on,
[39:50] Speaker 3: becomes hip again. Right now no longer is the kind
[39:52] Speaker 3: of place where drunks to keep for Southerlan than and
[39:54] Speaker 3: I drank. Now, it was the kind of place where
[39:55] Speaker 3: Hollywood people like to talk about deals in public, right,
[39:58] Speaker 3: and David Bloom starts circulating getting involved in that talk.
[40:01] Speaker 3: Remember he's a finance guy, so the investor kind. So
[40:04] Speaker 3: he's the kind of guy who would invested in Netflix deal. Right.
[40:07] Speaker 3: Oh yeah, yeah, So he tells one bar regular he
[40:09] Speaker 3: was friendly with Ted Surrandos. If you don't know that name,
[40:12] Speaker 3: he's the CEO of Netflix. Now David Bloom was friendly
[40:15] Speaker 3: with him, he tells a bar regular, Oarc you get
[40:17] Speaker 3: a screenplay in front of Ted if I want right now.
[40:20] Speaker 3: Obviously he doesn't know the Netflix CEO, but somehow the
[40:23] Speaker 3: screenplay just never seems to get in front of old Ted.
[40:25] Speaker 3: But at this point it's twenty twenty one now or
[40:28] Speaker 3: almost catching up to our modern day era. David Bloom
[40:31] Speaker 3: is a regular at the Frolic Room, as I told you,
[40:33] Speaker 3: next door to the Pantages, which has like Broadway shows
[40:35] Speaker 3: like Wicked, so you'll see actors also drinking in the
[40:38] Speaker 3: midi midday hours. Anyway, he's hanging out there. It's one
[40:41] Speaker 3: of those bars that has like an L bar, simple
[40:43] Speaker 3: L shape. He likes to spit at the spot at
[40:46] Speaker 3: the end of the bar by the door. Yeah, returns
[40:49] Speaker 3: right on the turn right. So one bartender he used
[40:51] Speaker 3: to remember how quote a lot of regulars, and everybody
[40:53] Speaker 3: kind of knew he was full of it, and they
[40:55] Speaker 3: just left him alone and wouldn't sit next to him.
[40:57] Speaker 3: All right, Yeah, but they still couldn't help themselves because
[41:00] Speaker 3: one day David tells all these guys he can get
[41:02] Speaker 3: Super Bowl tickets because he knows the owner of the
[41:04] Speaker 3: Los Angeles Rams.
[41:06] Speaker 2: Okay, yeah, one.
[41:07] Speaker 3: Of the regulars recalled how Bloom told him quote, he's
[41:09] Speaker 3: got a spot in the owner's box and that's where
[41:11] Speaker 3: all these guys are gonna be. So he invited us.
[41:13] Speaker 4: So he tells the regular I have super Bowl tickets, yes,
[41:17] Speaker 4: and instead you go to a dive bar and announced
[41:20] Speaker 4: to strangers.
[41:21] Speaker 3: Well before the super Bowl. He's telling them, the regulars,
[41:24] Speaker 3: then I can get you and the bartenders into the
[41:26] Speaker 3: owner's box of the Los Angeles lams yeah, and he
[41:30] Speaker 3: tells them this about twenty of these regulars, and so
[41:33] Speaker 3: they all go okay, and he tells, yeah, you guys
[41:35] Speaker 3: meet up here at the bar that Sunday. I'll come
[41:38] Speaker 3: pick you up and we'll all go over and I'll
[41:40] Speaker 3: get you in right. The twenty regular they show up
[41:44] Speaker 3: at the bar and they're waiting at the frolic room hoping.
[41:46] Speaker 3: David Bloom comes by and he's legit, and they wait
[41:50] Speaker 3: and they wait Elizabeth, and they wait some more. Their
[41:53] Speaker 3: hopes grows like slim. Slim is like a very thin.
[41:55] Speaker 2: Stew well, I mean I can see where too.
[41:57] Speaker 4: If he says this, you like yeah, yeah, yeah, but
[42:00] Speaker 4: in the back of your mind, like if I don't
[42:02] Speaker 4: show up, and then the next time I go to
[42:03] Speaker 4: the bar. Everyone's going to talk about how amazing it was.
[42:06] Speaker 4: He pulled up, made it happen, because you know, you
[42:09] Speaker 4: know things can happen.
[42:11] Speaker 3: One of the regulars. He bought a new pair of
[42:12] Speaker 3: shoes just so he'd fit in with the swells and
[42:14] Speaker 3: the owner's box. Swear to God, Bloom sends word to
[42:19] Speaker 3: the group. The bartender. Doc talked about him earlier. He
[42:22] Speaker 3: remembered how quote he texted me at a ten o'clock
[42:25] Speaker 3: Sunday morning of the Super Bowl saying his sister was
[42:27] Speaker 3: killed in a car crash. Oh god, Yeah, you gotta
[42:30] Speaker 3: love a real liar's liar like that. They always go
[42:32] Speaker 3: big when the chips are down. Yeah. Now, I had
[42:34] Speaker 3: a friend of mine, and I won't embarrass him by
[42:35] Speaker 3: naming him, but he used to lie like this, Like
[42:37] Speaker 3: I'd be standing next to him and he'd say to
[42:39] Speaker 3: somebody right right in front of them that we were
[42:42] Speaker 3: supposed to be somewhere like the day before, and he'd
[42:43] Speaker 3: be like, oh, yeah, man, my truck was stolen, no prep,
[42:46] Speaker 3: And I'm standing there. Now I've got to sit there
[42:48] Speaker 3: with a straight face and then go with the same
[42:50] Speaker 3: live like his truck was stolen in town where trucks
[42:52] Speaker 3: are not stolen, like this just doesn't happen. It would
[42:55] Speaker 3: be big news anyways. That so then this other person
[42:58] Speaker 3: would remember the law because he would go for these
[43:00] Speaker 3: huge lies like my truck was stolen, and then people
[43:03] Speaker 3: wuld see us, hey man, what happened? Like he's like, oh, yeah,
[43:05] Speaker 3: I got my truck back. They found it. Because he
[43:08] Speaker 3: would never remember that his lie was going to sound
[43:10] Speaker 3: traumatic and these other people would want to check in
[43:12] Speaker 3: on it. So I did to have to sit there
[43:13] Speaker 3: and try.
[43:13] Speaker 2: To remember it. I cared about them.
[43:15] Speaker 3: Well, David Blum's mother was not dead, or was his sister,
[43:18] Speaker 3: nor anyone in his family. As it turns out, he
[43:21] Speaker 3: was spotted that same Super Bowl Sunday by somebody seen
[43:24] Speaker 3: drinking and playing pool at another bar. Oh yeah, all
[43:28] Speaker 3: the same. He knew he overplayed his lie that day
[43:30] Speaker 3: because David Bloom never ever went back to the frolic room.
[43:34] Speaker 3: Now that one guy who bought a new pair of
[43:35] Speaker 3: shoes for Super Bowl Sunday. Yeah, he later was quoted
[43:38] Speaker 3: by the La Times and he said that David Bloom
[43:40] Speaker 3: was a scumbag, an awful person.
[43:42] Speaker 2: Oh I feel the same way.
[43:44] Speaker 3: But anybody who convinces me to buy shoes to hang
[43:46] Speaker 3: out with rich people, get.
[43:47] Speaker 4: New shoes for the occasion in a suit.
[43:51] Speaker 2: So David Bloom fresh underpants.
[43:54] Speaker 3: Uh no he did not. His mother be disappointed.
[43:57] Speaker 4: You're in an accident wearing fresh under with his new.
[44:01] Speaker 3: Got on some freshees. So at this point, David Bloom
[44:05] Speaker 3: fifty something, super divorced, dirtbag finance guy, and he's calling
[44:08] Speaker 3: Hollywood home.
[44:09] Speaker 2: Right like a pop collar on his pol pretty much.
[44:12] Speaker 3: So he's at this place, the apartment complex, the Via Carlada, right,
[44:16] Speaker 3: and this apartment building has told he's on Franklin in Hollywood.
[44:18] Speaker 3: A bunch of Hollywood hopefuls live there and other scammers
[44:21] Speaker 3: who were like but like low grade, not like professionals,
[44:23] Speaker 3: just like they're scamming themselves. Now he turns out this
[44:26] Speaker 3: guy he's going around and uh, he sees his neighbors
[44:30] Speaker 3: as uh, of course targets because his grandmother was a target.
[44:33] Speaker 3: So enter Caroline Diamore. Do you recognize that name? But
[44:38] Speaker 3: she wishes you would have recognized Elizabeth. She was once
[44:40] Speaker 3: a reality TV star, was she? Yeah? She was, and
[44:43] Speaker 3: I use that term generously. She was on the spinoff
[44:46] Speaker 3: show The Hills New Beginnings.
[44:47] Speaker 2: I have no idea what that is.
[44:48] Speaker 3: I don't either, but it's a great name.
[44:50] Speaker 2: Right about TV, Caroline, It's like I have like hazy
[44:54] Speaker 2: memory Hills.
[44:54] Speaker 3: You remember the Hills.
[44:55] Speaker 2: It's the over watched it. Yeah, it was all that.
[45:00] Speaker 2: Don't think I was living in this country.
[45:02] Speaker 3: They often say the same thing myself. I don't think
[45:05] Speaker 3: I was in this country at that time.
[45:07] Speaker 2: I don't think I was living in this country.
[45:08] Speaker 3: That's gap, but I'm definitely gonna borrow that. When david'll
[45:14] Speaker 3: Bloom came into her life, old Caroline Diamore, she had
[45:18] Speaker 3: a new career path. She was no longer on a
[45:20] Speaker 3: spin off reality TV show. Now she had a company
[45:22] Speaker 3: called Pizza Girl that she had started during the pandemic.
[45:25] Speaker 3: It was an organic pizza sauce company.
[45:28] Speaker 2: Oh yeah, and I make organic pizza sauce.
[45:31] Speaker 3: I know you do. You could be Pizza Girl if
[45:34] Speaker 3: you wanted to. She actually she got her stuff onto
[45:36] Speaker 3: like a grocery store shelves.
[45:38] Speaker 2: And she get into Costco.
[45:40] Speaker 3: No that I didn't check Costco.
[45:42] Speaker 2: That's the whole She got into Whole Food.
[45:44] Speaker 3: So anyway, one day Dimire was sitting pool side at
[45:47] Speaker 3: the apartment pool.
[45:48] Speaker 4: She's a's one of those La complexes with the pools
[45:54] Speaker 4: on the first floor and it's in the center.
[45:56] Speaker 3: Of exactly up walks David bloom Right, he's heard about
[46:01] Speaker 3: Pizza Girl in her sauce company. Now, I quote Dio Morre.
[46:05] Speaker 2: I'm so excited. He actually came.
[46:07] Speaker 3: Over to me at the pool. He said that he
[46:08] Speaker 3: had heard about my product. He'd gone to the supermarket
[46:11] Speaker 3: to buy my product. He was very blown away by it.
[46:13] Speaker 3: He was telling me he wanted to mentor me and
[46:15] Speaker 3: possibly invest in my company. Now, as de More later
[46:19] Speaker 3: told the La Times, quote, he kind of knew the
[46:21] Speaker 3: right things to say when he first approached me.
[46:24] Speaker 4: He wants to mentor me, Like, who are you to
[46:27] Speaker 4: come around?
[46:29] Speaker 2: You know, I hate that.
[46:30] Speaker 3: I hate to be born suspicious when someone comes up
[46:32] Speaker 3: says I want to be your mentor.
[46:33] Speaker 4: Well, it's like, you know when someone finds out like
[46:36] Speaker 4: I've had it where someone hears about, oh, you know,
[46:38] Speaker 4: your book's published, and they come up and they're like,
[46:40] Speaker 4: I'm happy to kind of give you any chips.
[46:42] Speaker 2: Oh yeah, dude, it's in the bookstores.
[46:45] Speaker 3: I don't need Barnes.
[46:47] Speaker 2: And Noble, no tips needed, Thank you.
[46:49] Speaker 3: I'm going to mentor you because I'm going to offer
[46:51] Speaker 3: my service.
[46:52] Speaker 2: Yeah, help you out here.
[46:53] Speaker 3: Thanks. Anyway, Deomore wasn't exactly suspicious, as I point out
[46:56] Speaker 3: when they first met, because she put it quote he
[46:58] Speaker 3: had just confided in he at some point about his
[47:01] Speaker 3: ex wife and how he was heartbroken. Heartbreak because the
[47:04] Speaker 3: hell of a way to bond in a lonely town
[47:06] Speaker 3: like La. All right, his story works to win her
[47:08] Speaker 3: friendship or what passes for it in a Hollywood apartment complex.
[47:11] Speaker 2: I'm a sad guy.
[47:12] Speaker 3: Yeah, he's like, you know what it is.
[47:13] Speaker 4: This is tough, it's broken, and I love pizza sauce.
[47:17] Speaker 2: So much going on in my head.
[47:18] Speaker 3: So now that bloom is casually mentioned that, he's like,
[47:21] Speaker 3: you know, heartbroken and so forth. He also mentions he
[47:23] Speaker 3: knows this guy Ron Burkele and if you don't know
[47:26] Speaker 3: who he is, he owns Soho House. It's a quote
[47:29] Speaker 3: an exclusive international social club. Now, the casual name drop
[47:32] Speaker 3: it works on DM Moore and wins her trust because
[47:34] Speaker 3: she puts a quote. I never thought that somebody would
[47:37] Speaker 3: make that up. I just thought it was such a
[47:38] Speaker 3: random person to name drop.
[47:40] Speaker 4: It is the kind of random name drop but I
[47:41] Speaker 4: would be like, wait, it totally rings a bell.
[47:43] Speaker 2: Who is that? See that's how it works, Like whatever.
[47:47] Speaker 3: Yeah, you gotta be like me, you don't know anything.
[47:48] Speaker 2: Yeah, I don't know who that is?
[47:50] Speaker 3: Did you have to ask who is that?
[47:52] Speaker 2: Who is that?
[47:53] Speaker 3: So she didn't know, but she was already being worked right,
[47:55] Speaker 3: So Bloom he sees a ripe one in her, so
[47:57] Speaker 3: he focuses on her. He tells her how he can
[47:58] Speaker 3: help her with her financial pick sure to be a
[48:00] Speaker 3: mentor all that he knows people he knows. The CEO
[48:03] Speaker 3: of Whole Foods A C. Gallo, Oh for an introduction
[48:06] Speaker 3: from me, could mean you'd be on the companies like
[48:08] Speaker 3: get the company's full support on all the shelves coast
[48:10] Speaker 3: to coast. He said, it just like some shelf space
[48:12] Speaker 3: down at the Whole Foods here in La Like you
[48:14] Speaker 3: told me.
[48:15] Speaker 2: He took it an ara one right, that's.
[48:17] Speaker 3: The real money. Now, before the deal moves forward, David
[48:20] Speaker 3: Bloom convinces her he can help her with her financial picture,
[48:22] Speaker 3: get her on her square footing, so that way her
[48:25] Speaker 3: company isn't like, you know, so precarious. He imagines that.
[48:28] Speaker 3: You know, he's coming out of the pandemic. She's been
[48:30] Speaker 3: struggling to get people to I don't know why by
[48:31] Speaker 3: pizza sauce, but regardless, she says, it was difficult.
[48:34] Speaker 2: People are born having pizza parties.
[48:36] Speaker 4: I guess they're getting an OONI like I got Yeah,
[48:39] Speaker 4: he's took that pizza outside.
[48:40] Speaker 3: There go. So, while she's trying to make her leap
[48:42] Speaker 3: from reality star to pizza sauce and presario, she could
[48:46] Speaker 3: use a financial windfall like what David Balloon promises, so
[48:49] Speaker 3: he convinces her to invest thirty five thousand dollars in
[48:52] Speaker 3: the exclusive Soho house. He tells her the company is
[48:55] Speaker 3: about to announce it's IPO and thanks for a little insider.
[48:58] Speaker 2: In like London, New York.
[49:00] Speaker 3: Yeah exactly, Yeah, so he can he can help her
[49:03] Speaker 3: like walk away with eight hundred and fifty thousand dollars
[49:06] Speaker 3: off the initial investment. Now, if those things don't make
[49:08] Speaker 3: you suspicious or skeptical, I don't know what to tell you. Anyway.
[49:12] Speaker 3: As these dizzy days progressed, Diamore and invites David Bloom
[49:16] Speaker 3: to her daughter's birthday party. Oh she got a kid.
[49:19] Speaker 3: At the party, he tells the much younger woman that
[49:21] Speaker 3: he loves her, but not like you think, Elizabeth. He
[49:23] Speaker 3: tells her he loved her like a kid's sister. I'm
[49:26] Speaker 3: looking out for you zone totally. So a little time passes. Now,
[49:29] Speaker 3: David Bloom comes back to Diamore with great news. He
[49:33] Speaker 3: talked to the head honcho at Whole Foods. You remember
[49:35] Speaker 3: their friends. Yeah, he's interested in meeting this promising young
[49:38] Speaker 3: pizza girl. The word is out about her pizza sauce
[49:41] Speaker 3: and Whole Foods wants it on all their shelves. Can't
[49:43] Speaker 3: believe we're already selling it. We didn't know more So
[49:46] Speaker 3: to prove it was worth her time to make a
[49:47] Speaker 3: plan to fly to Texas to meet with the folks
[49:50] Speaker 3: from Whole Foods, Bloom sets up a meet and greet
[49:52] Speaker 3: phone called a c Gallo. The Whole Foods CEO, the
[49:55] Speaker 3: Pizza Girl hopeful ceo. They chat on the phone. They
[49:58] Speaker 3: hit it off. He promises he'll schedu a two million
[50:01] Speaker 3: dollar investment in Dmorri's pizza sauce company. He invites her
[50:05] Speaker 3: and her business partner to meet him in Texas at
[50:08] Speaker 3: the Whole Foods headquarters. She recalled it and I quote
[50:11] Speaker 3: he sent me and my business partners on a trip
[50:13] Speaker 3: to Texas to meet the CEO of Whole Foods. That
[50:16] Speaker 3: heat in this case is David Bloom. Okay, right, so,
[50:18] Speaker 3: but rather than me tell you about all this, Elizabeth, wait.
[50:21] Speaker 2: Wasn't really the CEO on the phone.
[50:23] Speaker 3: I'd like you to close your eyes. I'd like you
[50:26] Speaker 3: to picture it. It's a warm day. The sound of
[50:29] Speaker 3: the LA traffic grows distance. Since you've arrived at your destination. Lax.
[50:34] Speaker 3: The car door closes, you step out. You, Elizabeth, are
[50:36] Speaker 3: the business partner of Caroline Dmore and you two are
[50:40] Speaker 3: headed to Texas to meet with the CEO of Whole
[50:42] Speaker 3: Foods one ac gallo. You rush through security at TSA.
[50:45] Speaker 3: You two have to run to make it to your gage,
[50:47] Speaker 3: but you make it just in time and barely a
[50:49] Speaker 3: moment it.
[50:50] Speaker 2: Feels like the plane takes off.
[50:52] Speaker 3: You two order drinks. On the flight. You order a
[50:54] Speaker 3: second round. You two are excited as you chat as
[50:56] Speaker 3: you drink, imagining how this meeting will go send it up.
[50:59] Speaker 3: The flight lands, wheels down, car door closes. You're back
[51:03] Speaker 3: in a taxi gab, this time headed to Whole Foods headquarters.
[51:06] Speaker 3: You two aren't nervous, you're excited. You're geeked even, Oh
[51:09] Speaker 3: my god, it's happening. The taxi ride doesn't last long.
[51:11] Speaker 3: The car door's open. You two are at Whole Foods headquarters.
[51:14] Speaker 3: It's all happening, Elizabeth, you too. Hoof it up the
[51:17] Speaker 3: sidewalk past public art and water fountains bubbling to charming
[51:21] Speaker 3: corporate complex. As far as those go. You walk through
[51:24] Speaker 3: the glass doors into a main lobby. There's some world
[51:28] Speaker 3: music playing wood flute and rainstick kind of music playing
[51:31] Speaker 3: from unseen speakers. A male secretary seated behind a high desk.
[51:36] Speaker 3: He greets you both. You hear your business partner, Caroline Diamores,
[51:39] Speaker 3: say your names and the time of your meeting with
[51:42] Speaker 3: Ac Gallows. The male secretary checks the computer screen. He says,
[51:45] Speaker 3: there's no meeting or visitors pass for either of you
[51:47] Speaker 3: in the system. You hear Caroline Damorris says, would you
[51:50] Speaker 3: mind checking again? The male secretary goes through the shard
[51:53] Speaker 3: and says again, you're not in the system. Sorry. Are
[51:55] Speaker 3: you sure you have the day right? Caroline Damorris says, no,
[51:58] Speaker 3: it's today. We flew here, it's today. The secretary says, no,
[52:01] Speaker 3: it's not today. There must be some mistake there's no mistake,
[52:06] Speaker 3: but there must be. There isn't. Do you need your
[52:08] Speaker 3: parking validated? You the sensible one, the business partner. You
[52:11] Speaker 3: tell Caroline you too, she'd step outside. She follows your leader.
[52:14] Speaker 3: She's kind of cracking up, and as soon as you
[52:16] Speaker 3: step outside, the world music falls away. You ask, have
[52:19] Speaker 3: you ever looked David bloom up online? Standing there outside
[52:22] Speaker 3: of Whole Foods? You and your business partner, Caroline dmurrey.
[52:25] Speaker 3: As she types the words, you look over her shoulder
[52:27] Speaker 3: into the phone. David bloom scammer, She types into her phone,
[52:31] Speaker 3: and that's when she discovers a new story, and then
[52:33] Speaker 3: another new story in another one, and you two see
[52:36] Speaker 3: that he had a prior identity as the Wall Street
[52:38] Speaker 3: whiz kid back in Manhattan. Caroline dmorray gasps, drops her phone,
[52:43] Speaker 3: and you mouthed words that rhyme with Joe spit Elizabeth.
[52:50] Speaker 3: Neither the business partner you nor Caroline dmorray ever thought
[52:54] Speaker 3: to look up David bloom up online before they were
[52:56] Speaker 3: standing outside the Whole Foods complex in Texas.
[53:00] Speaker 2: Believable, unbelievable. I google everybody. It astounds me.
[53:04] Speaker 3: They would be if he asked them out on a date,
[53:06] Speaker 3: they'd know everything about it. But because like thirty five
[53:08] Speaker 3: thousand dollars, why do I need to investigate anything? Jamuri
[53:13] Speaker 3: gave this man the thirty five grand flew to Texas
[53:15] Speaker 3: before she ever thought to look him up. Google is free.
[53:19] Speaker 2: Who was she talking to on the phone? Him?
[53:20] Speaker 3: No, he paid somebody to prin to be a C. Gallo. Yeah,
[53:23] Speaker 3: I'm Acy Galo.
[53:24] Speaker 2: She doesn't know who he is.
[53:25] Speaker 3: Like, so he has paid somebody who's had a good
[53:28] Speaker 3: business voice. I guess.
[53:30] Speaker 2: Okay.
[53:30] Speaker 3: Anyway, Elizabeth, she and her business partner, they now have
[53:32] Speaker 3: to fly back home to La knowing the full truth
[53:34] Speaker 3: that they've been big time duped by her neighbor. As
[53:38] Speaker 3: DMR said later, she put it all together. Who I
[53:40] Speaker 3: thought I'd spoken to on the phone. He went so
[53:42] Speaker 3: far as to have someone impersonate this person to me.
[53:46] Speaker 3: The truth descended like a lead curtain dropped from above right,
[53:49] Speaker 3: and so did the emotional shock, the sense of betrayal,
[53:52] Speaker 3: all that he knew, all about my history growing up
[53:54] Speaker 3: in the restaurants. He was just very excited about my company.
[53:56] Speaker 3: I was ecstatic. He knew I wasn't rich, and that's
[54:00] Speaker 3: what was really upsetting. So Demoury. She gets back home
[54:03] Speaker 3: to the Villa Carlatta apartment complex. She asks around, talks
[54:06] Speaker 3: to her neighbors, asked if they've seen David Bloom. They
[54:09] Speaker 3: want to know why she's so upset. She tells him
[54:10] Speaker 3: about the investing in the finance. Then, Elizabeth, would you
[54:13] Speaker 3: believe it? Turns out he's been working over all of
[54:15] Speaker 3: the neighbors. He could, as Amore put it, quote, everybody
[54:19] Speaker 3: thought it was a special deal for them. He really
[54:21] Speaker 3: makes you feel like you're his best friend. So the
[54:24] Speaker 3: apartment neighbors, they all basically comparison notes and stories. They
[54:28] Speaker 3: realize he's scammed all of them. They march up to
[54:30] Speaker 3: his apartment and they bang on the door, ready to
[54:33] Speaker 3: have some confrontation and demand their money back. And what
[54:35] Speaker 3: do you think they found? Was he there or had
[54:38] Speaker 3: he already bounced?
[54:38] Speaker 2: Oh he's gone.
[54:39] Speaker 3: No, Elizabeth, this guy was sitting there, sitting there.
[54:43] Speaker 2: He sends her on this trip to Texas.
[54:46] Speaker 3: And doesn't leave, and he's still at the apartment. He's like,
[54:50] Speaker 3: I got good WiFi, I like the views. Planned well,
[54:54] Speaker 3: he's home to receive the angry mob of his neighbors,
[54:57] Speaker 3: all the people who lives around him. He tried to
[55:00] Speaker 3: calm down this la apartment complex. All the folks he's
[55:03] Speaker 3: cheated and lied to for thousands of dollars. These are
[55:06] Speaker 3: not people who have this to lose. One of the group,
[55:08] Speaker 3: who would not be named, when he spoke with the
[55:10] Speaker 3: La Times said, and I quote, at first, he denied everything.
[55:13] Speaker 3: He denied that he scammed us. He said, I will
[55:15] Speaker 3: pay you all back in the morning. But everything that
[55:17] Speaker 3: comes out of his mouth is.
[55:18] Speaker 2: A lie in the morning.
[55:20] Speaker 3: So yeah, he didn't buy himself enough time. So to
[55:21] Speaker 3: get justice, this group of swindled people, they take to
[55:24] Speaker 3: social media. Dmore the Pizza Girls. She posts on Instagram
[55:27] Speaker 3: all the time about her former friend and financial advisor,
[55:30] Speaker 3: her mentor. The group eventually partners with Nancy Oseias, the
[55:33] Speaker 3: former wife of Bloom. They began to protest and make
[55:36] Speaker 3: noise outside of the LA DA's office because he won't
[55:39] Speaker 3: take this case seriously. He's like, oh, you got scammed
[55:41] Speaker 3: in Hollywood, welcome to town, right. They demanded the DA
[55:45] Speaker 3: get off the pot and take action against his local scammer.
[55:47] Speaker 3: The La Times reported about Dmore because they find Dmore
[55:52] Speaker 3: at the outside of a protest. Yeah, and I quote
[55:55] Speaker 3: the reason these people get away, but they's because people
[55:57] Speaker 3: are too afraid to admit that they were scammed. I'm
[55:59] Speaker 3: willing to beat the face. You know what, We're not
[56:01] Speaker 3: the ones that need to be embarrassed. And you know what,
[56:03] Speaker 3: Pizza Girl, good for you. I agree with you. You should
[56:06] Speaker 3: not be embarrassed, amen, because where she put it. So
[56:09] Speaker 3: I don't feel stupid that I fell for it. I
[56:11] Speaker 3: feel human.
[56:12] Speaker 2: Well you can also feel stupid. You'd be human is
[56:15] Speaker 2: to be stupid.
[56:16] Speaker 3: It is human to get scammed, yes, or rather to
[56:18] Speaker 3: believe in something that's too good to be true. That's
[56:20] Speaker 3: how we cross oceans, that's how we do all sorts
[56:22] Speaker 3: of stuff. So it's not embarrassing you got scammed by
[56:24] Speaker 3: someone like David Blue. I mean, it kinda is, as
[56:26] Speaker 3: you point out, but it's not. You shouldn't remain mute
[56:29] Speaker 3: and hope it all passed.
[56:30] Speaker 2: To admit to being stupid.
[56:32] Speaker 3: But I but I mean, it could be embarrassing, like
[56:34] Speaker 3: oh I goofed, you know, like spilling water on yourself
[56:36] Speaker 3: is embarrassing, but it's not catastrophic and detrimental. It's just like,
[56:39] Speaker 3: oh I shouldn't do that again.
[56:42] Speaker 2: Get embarrassed.
[56:43] Speaker 3: But you don't get embarrassed by many things. Yeah, I know,
[56:46] Speaker 3: I've been many to talk to you about that. Anyway,
[56:48] Speaker 3: in this case, it worked, la DA. They get off
[56:50] Speaker 3: their pot, they take action. David Bloom is arrested and
[56:53] Speaker 3: LAPD must not have liked this guy because they raided
[56:56] Speaker 3: his place at four am on a Monday morning. Oh out, Yeah,
[56:59] Speaker 3: that's big time screw you from the LAPD totally. So
[57:02] Speaker 3: he gets charged with nine counts of grand theft in fraud.
[57:04] Speaker 3: LADA George Gasson he pointed out in his press hearing
[57:08] Speaker 3: about the case that the laped's investigation discovered that Bloom,
[57:12] Speaker 3: now fifty nine years old, quote, had very little money
[57:15] Speaker 3: in his personal accounts, so he's just living off of
[57:17] Speaker 3: his debt.
[57:18] Speaker 2: Yeah.
[57:19] Speaker 3: As the LADA said in his press release, quote, this
[57:22] Speaker 3: is an individual who's a predator. He's been praying on
[57:24] Speaker 3: victims vulnerable people all his life, and he came to
[57:27] Speaker 3: la to do the same thing. Here. They take advantage
[57:29] Speaker 3: of any of us, and they generally pick us at
[57:31] Speaker 3: a moment of vulnerability. They come to you in a
[57:33] Speaker 3: way that you feel like you're personally connected to this individual.
[57:37] Speaker 3: Since he was just recently arrested David Bloom has convicted
[57:39] Speaker 3: and he's yet to be sentenced, so he's looking right
[57:41] Speaker 3: now at fourteen years in a California prison. Yikes, Elizabeth,
[57:45] Speaker 3: what's our ridiculous takeaway here?
[57:46] Speaker 2: Man?
[57:46] Speaker 4: Don't trust anybody and make your own pizza sauce.
[57:50] Speaker 3: That's good advice.
[57:51] Speaker 2: That's great advice, Thanks so much.
[57:53] Speaker 3: Thank you for asking. Elizabeth. Is if you're in a
[57:55] Speaker 3: Hollywood bar and someone tells you they're friends with the
[57:57] Speaker 3: head of Netflix, assume they're lying in fact. And also,
[58:00] Speaker 3: if you're running a business, assume no one wants to
[58:02] Speaker 3: make you rich because why you know. And then also
[58:06] Speaker 3: if they say they do, once again, they're probably lying
[58:08] Speaker 3: or planning on gobbling you up or somehow taking the.
[58:10] Speaker 2: Money that they make you rich with exactly.
[58:13] Speaker 3: So there you go. That's it.
[58:14] Speaker 2: That's a great takeaway. Thank you so much.
[58:16] Speaker 3: That's ridiculous. But La, is so you in the mood
[58:19] Speaker 3: for a talkback? I love them produce a d Can
[58:21] Speaker 3: you favor us with a talk bag?
[58:25] Speaker 2: Oh my god?
[58:28] Speaker 3: Because hell.
[58:36] Speaker 2: Big get I night and me from astral I just
[58:39] Speaker 2: want to say, you go, it's pretty funny and a
[58:41] Speaker 2: listening to you on not Shift and you kept asking
[58:44] Speaker 2: for a tol mex.
[58:45] Speaker 3: So here you got. We always love your guys's talkbacks,
[58:49] Speaker 3: so you should play more of these. Yah. Yeah, get
[58:51] Speaker 3: on the apps man and you can go to the
[58:54] Speaker 3: iHeart app record one and you could hear yourself right there.
[58:57] Speaker 3: Or you can go online and go send us an
[58:59] Speaker 3: email Ridiculous Crime if you want to do like a
[59:01] Speaker 3: voice message there and you can do that too, if
[59:04] Speaker 3: you can figure that out. Yeah, And you can also
[59:06] Speaker 3: go to ridiculous Crime dot com. You can't leave any
[59:09] Speaker 3: messages there, they're not voice messages, but you can fill
[59:12] Speaker 3: out our survey for listenership and tell us about yourself.
[59:16] Speaker 3: And obviously you know you can email us at ridiculous
[59:18] Speaker 3: Crime at gmail dot com. As always started dear producer
[59:22] Speaker 3: David Well as always, thanks for listening. We will catch
[59:25] Speaker 3: you next crime. Ridiculous Crime is hosted by Elizabeth Dunton
[59:34] Speaker 3: and Zaron Burnette, produced and edited by the CEO of Netflix,
[59:37] Speaker 3: Dave gust It's starring Analys Rutgers. Judy Research is by
[59:42] Speaker 3: the co heads of Berkshire Hathaway, Marissa Brown and Andrea
[59:45] Speaker 3: Song Sharp and Tear. Our theme song is by Thomas
[59:48] Speaker 3: new Shoes Lee and Travis I don't like football Dutton.
[59:52] Speaker 3: The host wardrobe provided by Botany five hundred guest hair
[59:56] Speaker 3: and makeup by Sparkleshot and mister Andre. Executive producers are
[1:00:00] Speaker 3: Then you Know, I once drank with Donald Sutherland before
[1:00:03] Speaker 3: he passed Bowland and Noel, I once drank with Donald
[1:00:06] Speaker 3: Sutherland after he passed Brown.
[1:00:15] Speaker 2: Crime, Say it one more time, Gequs Crime.
[1:00:20] Speaker 1: Ridiculous Crime is a production of iHeartRadio four more podcasts
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