Charles Mosley

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Charles Mosley
Sentinel.png
Occupation Vice president and head trader
Employer Sentinel Management Group
Location Northbrook, IL

Charles Mosley was vice president and head trader of Sentinel Management Group, a cash management firm offering services to futures commission merchants, funds and individual investors that went bankrupt and collapsed in 2007. Sentinel Management is currently under investigation by the CFTC and NFA.[1]

In June 2012, Mosley and Sentinel CEO Eric Bloom were indicted on 20 counts of fraud in connection with the Sentinel bankruptcy.[2] According to the complaint, between 2003 and 2007, Mosley and Bloom falsely represented the risks associated with Sentinel's investment strategy and its securities holdings. The suit alleges that the two used customer collateral to purchase high-risk securities such as collateralized debt obligations (CDOs) and other illiquid assets.

In October 2013, Mosley pleaded guilty on two counts of investment adviser fraud in exchange for an agreement to cooperate with prosecutors in their case against Bloom.[3]

Background

Education

References

  1. Why Sentinel Collapsed. Wall Street Journal/Barron's.
  2. Sentinel indictments: Feds say 2 reaped $500 million in fraud. Chicago Tribune.
  3. Ex-Sentinel Management Trader Pleads Guilty in Fraud. Bloomberg.