State Crime Reports

CEO and Head Trader Of Bankrupt Sentinel Management Sentenced To Prison Terms For $665 Million Fraud Scheme Before Firm’S 2007 Collapse

CHICAGO —(ENEWSPF)–January 30, 2015.  The former chief executive officer of the bankrupt Sentinel Management Group, Inc., was sentenced today to 14 years, and the firm’s former head trader was sentenced to eight years, in federal prison for defrauding hundreds of victims, including customers of Sentinel’s own clients, of more than $665 million before the firm collapsed in August 2007.  The former CEO, ERIC A. BLOOM, misappropriated securities belonging to scores of customers by using them…

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