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

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.


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




Search Now

Employment Litigation Attorney with 5+ years of experience

USA-CA-Los Angeles

Los Angeles office is seeking a labor and employment litigation attorney with 5+ years of experience...

Apply Now

Capital Markets Staff Attorney with 6+ years of experience

USA-NY-New York City

New York City office is seeking a capital markets staff attorney with 6+ years of experience. Candid...

Apply Now

Attorney with 7-10 years of business litigation experience

USA-CA-Century City

Small to mid-size Century City law firm is seeking an attorney with 7 - 10 years of business litigat...

Apply Now

Bankruptcy Attorney with 2-5 years of experience

USA-CA-Los Angeles

Los Angeles office is seeking a bankruptcy attorney with 2-5 years of experience.

Apply Now


Counsel-Tax Credits


Position Overview: Performs tax credit investment legal work. An attorney holding the position of Co...

Apply now

Senior Securities Paralegal


Position Overview: Senior paralegal to support several senior attorneys with state and federal law r...

Apply now



INSURANCE DEFENSE / TRANSPORTATION LITIGATION Law firm located in North Houston seeking an associ...

Apply now

Hotline & Training Managing Attorney (IMMIGRATION)

USA-NY-New York City

Summary: The Hotline & Training Services Managing Attorney will guide, develop, and supervise the Ho...

Apply now

Most Popular


To Top