Mark Bloom

Former WG Trading employee Mark Bloom, was also arrested on Wednesday and charged separately in U.S. District Court in Manhattan with fraud related to his activities at his North Hills Management LLC financial firm in New York. Bloom stopped working for WG Trading in 2001, according to the court papers. The SEC also brought civil charges against Bloom, saying he misused more than $13.2 million of investor funds in part to support a lavish lifestyle. On February 9, the futures association also took enforcement action against Bloom, saying he failed to cooperate in its investigation of allegations he operated an illegal commodity pool and "exercised unlawful control" over $8 million from a charitable trust and a related entity that he was given to invest.