Great Giveaway

A $4 million philanthropist

As a high-ranking employee of the Department of Energy during the Carter Administration, Paul Bloom, 41, zealously investigated violations of federal oil-pricing regulations—and forced guilty oil companies to ante up hefty fines.

But as Reagan Administration officials discovered last week, Bloom may also have been an overzealous philanthropist.

On Jan. 19, one day before he left office, he gave $4 million—none of it his own—to four charitable organizations.

The money came from a $100 million settlement that he had negotiated with the Amoco division of Standard Oil Co. of Indiana in February 1980 for allegedly overcharging customers. Under the agreement, Amoco...

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