June 18, 2020
Former Sentinel Management Group Inc. CEO and convicted fraudster Eric Bloom urged an Illinois federal court to grant him early release over COVID-19 concerns, saying his heart condition puts him at increased risk and that his prison recently backtracked on a promise of home confinement.
January 30, 2015
Eric A. Bloom, the former Sentinel Management Group Inc. CEO convicted last year of running a colossal fraud that bankrupted the investment firm and bilked its customers out of $665 million, was sentenced to 14 years in prison Friday by an Illinois federal judge.
December 22, 2014
A former Sentinel Management Group Inc. executive who cooperated with the government should spend 10 years in prison and repay $665 million in customer funds lost in a futures scheme that bankrupted the firm in 2007, Illinois federal prosecutors recommended on Friday.
December 02, 2014
Eric A. Bloom, the former Sentinel Management Group Inc. CEO convicted in March of an investment fraud that cost victims $665 million, should spend at least 20 years in prison and be on the hook for that amount in restitution, prosecutors told a Chicago federal judge in a court filing Monday.
July 24, 2014
Former CEO Eric Bloom of the bankrupt Sentinel Management Group Inc.on Wednesday lost a bid to overturn a March guilty verdict that found he operated a $500 million securities fraud scheme, reached by a jury Bloom said made its decision out of laziness and a desire to be finished quicker.
May 12, 2014
Former CEO Eric Bloom of the bankrupt Sentinel Management Group Inc., who was found guilty in March of operating a $500 million securities scheme, asked a federal judge on Friday to overturn his conviction, saying the jury's swift verdicts indicated it was more concerned with wrapping up than reaching a correct result.
March 25, 2014
Former Sentinel Management Group Inc. CEO Eric Bloom was found guilty Tuesday on an array of fraud charges stemming from a scam that bilked customers out of more than $500 million before the investment firm's 2007 collapse.
March 24, 2014
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.
March 13, 2014
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.