Sentinel Misled Customers Before Collapse, Ex-CFO Tells Jury

Law360, Chicago (March 10, 2014, 8:58 PM EDT) -- Sentinel Management Group Inc.’s former chief financial officer testified Monday that the investment firm wasn’t entirely forthright with customers about its financial health and risky trading strategy leading up to its 2007 collapse, as her old boss’s trial on charges that he oversaw a $500 million fraud continued in Chicago.

Former Sentinel CEO Eric Bloom is facing 20 counts of fraud in what the government has called one of the largest financial fraud cases ever prosecuted in Illinois. Prosecutors allege Bloom used customers' securities as collateral...
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