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Sentinel’s Bloom Argues He Was Early Victim of Collapse

Eric A. Bloom, who presided over Sentinel Management Group Inc.’s collapse seven years ago, has watched as the U.S. economy faltered then rebounded, awaiting judgment on whether he was a victim of the crisis, or one of its causes.

The former chief executive officer of the suburban Chicago investment firm may soon get his answer. He faces trial today in federal court for his role in what prosecutors claim was a $500 million fraud with more than 70 victims. While prosecutors say it was one of the largest frauds in the city’s history, Bloom contends the implosion was the fault of market forces beyond his control,