After pleading guilty in July to wire fraud charges stemming from a $1.7 million scheme to defraud mortgage lenders, homeowners and others, Jason Bloom of Mount Laurel, N.J., was sentenced to 90 months in prison. U.S. District Court Judge Curtis J. Joyner also ordered Bloom to pay $1.7 million in restitution. Michael L. Levy, U.S. attorney for the Eastern District of Pennsylvania, said Bloom, acting as a settlement and title insurance agent, kept money that was slated to pay off existing mortgages. Some of the funds were intended for the city of Philadelphia. Prosecutors also said Bloom sent checks to financial institutions knowing that they were written on insufficient funds.
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