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Collapsed Financial Company's Trustee Claims Accountants Knew About Fraud

The Liquidation Trustee for Sentinel Management Group is suing the firm's accountants, claiming they knew about the fraud committed by Sentinel.

The complaint alleges that, between 2002 and 2007, Defendant G. Victor Johnson of the accounting firm McGladrey & Pullen (previously Altschuler, Melvoin & Glasser) this is not a case of negligence where the auditors of the financial statements failed to detect certain misstatements.  Rather, it is alleged that the defendants "knowingly and substantially assisted and participated in the fraud by [Sentinel], and as a result, committed and are liable for fraud themselves."

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