Radio Show Host Told To Refund $3.9 Million

A federal judge ordered former radio show host Irwin H. “Sonny” Bloch to pay $3.9 million in a securities fraud case that cost his listeners millions, regulators said Friday.

U.S. District Judge Allen G. Schwartz in New York issued the order against Bloch, his wife, Hilda Bloch, and six companies involved in the broad investment fraud case.

None of the defendants responded to or presented a defense to charges in the lawsuit filed by the Securities and Exchange Commission, said SEC attorney Andrew Geist.

Schwartz also ordered Bloch and the others not to offer securities or violate federal securities laws in the future. A violation of such an order can lead to criminal penalties.