Sentinel Customers Cry Fraud At Ex-CEO's Criminal Trial

Law360, New York (March 13, 2014, 6:31 PM EDT) -- Customers who lost millions of dollars in Sentinel Management Group Inc.’s 2007 collapse testified Thursday against the investment firm’s former CEO, saying they were kept in the dark about the massive amount of leverage Sentinel took on and the use of their securities to back its borrowing spree.

Former Sentinel CEO Eric Bloom is accused of overseeing a $500 million fraud at the firm, a futures commission merchant and investment adviser once located in suburban Chicago. Prosecutors allege Bloom used customers' securities as collateral for a...
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