U.S. Attorneys Ask For 20 Year Sentence In Eric Bloom Fraud Case

Mark Melin

Published onJanuary 7, 2015

Updated on May 13, 2021

An investment industry executive could face 20 years in jail for misusing customer segregated funds in the brokerage industry, representing the biggest financial fraud case ever brought in Chicago.

U.S. Attorneys in Chicago are seeking what is described as a “harsh” sentence for Eric Bloom, the 49-year old former president of Sentinel Management Group, a company that collapsed in 2007.

Brokerage related fraud case: Eric Bloom invested clients money in high risk loans

Sentinel’s primary customers were brokerage firms in the derivatives industry, which carry strict rules for use of...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

U.S. Attorneys Ask For 20 Year Sentence In Eric Bloom Fraud Case

Brokerage related fraud case: Eric Bloom invested clients money in high risk loans

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