14 Years is a Good Start
- A former investment CEO was sentenced Friday to 14 years in prison and ordered to pay $665 million in funds lost to his former clients.
“I may be incompetent, but I’m not a thief,” Eric Bloom, 50, said as sentence was handed down.
[...] The former Sentinel Management executive said he may have been negligent in picking his portfolio manager but added he wanted to spend more time with his family. Bloom’s wife and children sat with emotion.
U.S. District Court Judge Ronald Guzman said Bloom had “perpetrated a horrific fraud.”
“You still fail to grasp what you’ve done wrong,” he told him.
So, how much do Daley, Quinn, Madigan and the rest get for $80 billion in misappropriated funds?