SEC Charges Sentinel Higher-Ups With Massive Fraud

Law360, New York (June 19, 2008, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has charged two former executives of Sentinel Management Group Inc. with engaging in a massive fraud scheme that resulted in hundreds of millions of dollars in losses to the company’s clients.

Eric A. Bloom and Charles K. Mosley, the former president and senior vice president, respectively, of the now bankrupt investment company, were charged Monday with devising and carrying out the scheme for four years ending in 2007, the SEC said Wednesday.

Attorneys for the defendants were not available for...
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