Ex-Sentinel CEO Didn't Defraud Customers, Atty Says

Law360, Chicago (February 26, 2014, 8:15 PM EST) -- Far from the mastermind of a $500 million fraud alleged by prosecutors, former Sentinel Management Group Inc. CEO Eric Bloom never intended to scam his customers before the investment firm’s 2007 collapse and was instead a casualty of an unprecedented credit crunch, his attorney told a federal jury Wednesday.

As Bloom’s trial kicked off in Chicago, Theodore Poulos of Cotsirilos Tighe Streicker Poulos & Campbell Ltd., who represents Bloom, said his client had acted in good faith at all times, refuting allegations that Bloom had hidden...
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