Ex-Sentinel CEO Lied To Investors Until Bitter End, Jury Hears

Law360, Chicago (March 24, 2014, 10:06 PM ET) -- Prosecutors on Monday wrapped up their case accusing former Sentinel Management Group Inc. CEO Eric Bloom of masterminding a $500 million fraud, telling a federal jury that Bloom continued lying to customers — and taking their money — until the eve of the investment firm’s 2007 collapse.

In the weeks before Sentinel filed for bankruptcy, Bloom ignored dire warnings from the firm’s own outside attorney, who withdrew as counsel when his advice went unheeded, Assistant U.S. Attorney Patrick Otlewski said during his closing statement after a...
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