Print this article
US Trust Appoints Cook Ponzi Scheme Whistleblower In Minneapolis
Eliane Chavagnon
27 March 2013
US Trust, part of Bank of America, has appointed Ty Schlobohm, a whistleblower in the Trevor Cook Ponzi scheme, as a private client advisor and senior vice president in Minneapolis, MN, it has confirmed. Schlobohm is known for helping the Federal Bureau of Investigation gather evidence against Cook, who, according to the New York Times, pleaded guilty to mail and tax fraud in the summer of 2009 and was sentenced to 25 years in prison for leading what “ultimately became a $160 million swindle.” Prior to US Trust, Schlobohm worked as a portfolio manager at New York-based G2 Trading, and before that as a managing director at Cherry Tree, a financial advisory firm offering investment banking, investment management and wealth management services. US Trust serves high net worth and ultra high net worth individuals.