A federal court in Illinois entered an order of permanent injunction and sanctions of over $2.1 million against Charles Mosley for his role in the collapse of Sentinel Management Group in 2007. Mr. Mosley is a former senior vice president and trader for Sentinel. Mr. Mosley previously pleaded guilty in a related criminal action and was sentenced to eight years in prison – a term he will begin serving on September 9, 2015. He and his co-defendant, Eric Bloom, Sentinel’s former chief executive officer, were also ordered to pay over US $665 million in restitution to effected customers in their criminal action. Sentinel was an investment management firm that claimed it specialized in short-term cash management for hedge funds, individuals, financial institutions and futures commission merchants. The firm filed for bankruptcy in August 2007 after it unlawfully commingled US $460 million of client securities into its house account, and used client collateral to obtain a US $321 million line of credit. (Click here for background on this matter in the article “Sentinel Management Former CEO Sentenced to 14 Years in Prison for Fraud; Former Head Trader Receives Eight-Year Term” in the February 1, 2015 edition of Bridging the Week.)