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<blockquote data-quote="Babagounj" data-source="post: 6029532" data-attributes="member: 12952"><p>Here's another questionable pardon.</p><p></p><p>Eric Bloom, the onetime leader of a Northbrook management firm who defrauded investors of more than $665 million.</p><p>He was convicted by a jury in 2012 in what was billed by prosecutors at the time <a href="https://www.chicagotribune.com/2015/01/30/money-manager-sentenced-to-14-years-in-prison-for-massive-fraud/" target="_blank">as the largest single financial fraud</a> in the history of Chicago’s federal court.</p><p>Prosecutors alleged that as head of Sentinel, Bloom secretly began exposing his well-heeled customers to an increasingly risky mix of leveraged deals in 2003, leading to the company’s collapse four years later.</p><p></p><p>Bloom, 59, was sentenced in 2015 to 14 years in prison. He has been serving out his sentence at a residential reentry facility in Florida, prison records show. His sentence had been due to expire in May 2026.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 6029532, member: 12952"] Here's another questionable pardon. Eric Bloom, the onetime leader of a Northbrook management firm who defrauded investors of more than $665 million. He was convicted by a jury in 2012 in what was billed by prosecutors at the time [URL='https://www.chicagotribune.com/2015/01/30/money-manager-sentenced-to-14-years-in-prison-for-massive-fraud/']as the largest single financial fraud[/URL] in the history of Chicago’s federal court. Prosecutors alleged that as head of Sentinel, Bloom secretly began exposing his well-heeled customers to an increasingly risky mix of leveraged deals in 2003, leading to the company’s collapse four years later. Bloom, 59, was sentenced in 2015 to 14 years in prison. He has been serving out his sentence at a residential reentry facility in Florida, prison records show. His sentence had been due to expire in May 2026. [/QUOTE]
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