Ex-Sentinel Head Calls SEC's Fraud Case Futile

Law360, New York (January 13, 2012, 3:28 PM EST) -- Former Sentinel Management Group Inc. President Eric A. Bloom said on Friday the U.S. Securities and Exchange Commission's attempt to prove that he knowingly defrauded investors prior to the firm's 2007 collapse is “desperate, albeit futile.”

In a brief filed in federal court in Chicago, Bloom said that emails the SEC submitted as evidence that he knowingly allowed client money to be commingled with Sentinel's house fund were taken out of context and provided only a small slice of his actions related to the funds. In...
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