Sentinel Chief Bloom Found Guilty in $500 Million Investor Fraud

Eric A. Bloom, chief executive of failed investment firm Sentinel Management Group Inc., which once had $2 billion under management, was found guilty of fraudulently misleading clients in what was alleged to be a $500 million investment scheme (United States v. Bloom).

“Sentinel was a fraud” led by Bloom, Assistant U.S. Attorney Patrick Otlewski said in closing arguments in the U.S. District Court for the Northern District of Illinois. He asked jurors for “the only verdict consistent with the evidence: a verdict of guilty on all counts.” The jury agreed, finding Bloom guilty on 18 wire fraud counts ...