Home

Chief Executive Eric A. Bloom Found Guilty
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

In what was alleged to be a $500 million investment scheme, chief executive of failed investment firm Sentinel Management Group Inc., Eric A. Bloom, was found guilty of fraudulently misleading clients according to Bloomberg News. The investment firm Sentinel Management Group Inc., once reportedly had $2 billion under management.

Eric A. Bloom, 49, was accused of fraud and indicted back in 2012 on charges he and another man cheated at least 70 investors of more than $500 million.

  
What
Where


In closing arguments in Chicago federal court Assistant U.S. Attorney Patrick Otlewski said that “Sentinel was a fraud” led by Eric Bloom. Otlewski asked for “the only verdict consistent with the evidence: a verdict of guilty on all counts.” Bloom was found guilty on 18 wire fraud counts and one count of investment adviser fraud, according to Bloomberg News. Sentinel filed for bankruptcy in August 2007.

U.S. District Judge Ronald A. Guzman announced the result on each count. Eric Bloom’s lawyer, Terence Campbell, said in his closing argument that the adverse market forces, not malfeasance, had caused Sentinel to fail. According to Bloomberg Business week, the jury determined that Eric Bloom was guilty in part because he was the man in charge. There has been no sentencing date set yet.

Image credit: www.businessweek.com

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a mid-level litigation attorney with experience taking/defending dep...

Apply Now

Trust and Estate Attorney

USA-NY-New York City

Boutique trust and estate firm is seeking an attorney with 7+ years of experience. Candidate should ...

Apply Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a support attorney with some experience/familiarity with a litigatio...

Apply Now

In House Counsel with Transactional Energy Experience

USA-NY-New York City

New York City company is seeking an in house counsel with knowledge of the oil / energy industry. Ca...

Apply Now

RELEVANT JOBS

Litigation paralegal

USA-TX-Dallas

We are looking to immediately hire a responsible, highly organized, self-motivated litigation parale...

Apply now

Attorney

USA-TX-Dallas

Associate Attorney – 7 to 10 Years’ Experience - Dallas/Fort Worth   ...

Apply now

Associate Attorney

USA-TX-Dallas

Associate Attorney – 3 to 5 Years’ Experience - Dallas/Fort Worth   ...

Apply now

Litigation Attorney

USA-TX-Dallas

Litigation Attorney   Dallas, TX One of Texas\' largest Personal Injury Law Firms se...

Apply now

SEARCH IN ARCHIVE

To Top