Crains Chicago Business: Lap dance used as bribe: Sentinel trustee
By: Ann Saphir Jan. 14, 2009
(Crain’s) — Sentinel Management Group’s bankruptcy trustee on Monday sued Keefe Bruyette & Woods, Cohen & Co. Securities LLC, and three former or current KBW and Cohen salespeople, accusing them of using trips to strip clubs, tickets to sporting events and lavish dinners to

A spokesman from Cohen & Co. said the allegations were without merit.
Sentinel managed excess cash for futures brokers and hedge funds, and was supposed to invest the funds in safe, liquid securities like government bonds.
KBW, Cohen and the three former and current employees, however, “compromised, co-opted, duped and bribed” Sentinel head trader Charles Mosley into buying as much as $280 million of structured securities that were neither safe nor liquid and that they “knew, or should have known” were unsuitable, the lawsuit alleged.
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