While no one made any_______________the financial scandal while he was in the room, there was a feeling of awe to the ________ created by the broker that had snared many unsuspecting investors under the ______________that everyone would end up rich and the fact that he had been celebrating his ________of the legal authorities by attending parties. 

The option that best fills the blanks in the above paragraph would be:

'Allusion' is an expression designed to call something to mind without mentioning it explicitly; an indirect or passing reference.
'Illusion' is an instance of a wrong or misinterpreted perception of a sensory experience.
'Delusion' is an idiosyncratic belief or impression maintained despite being contradicted by reality or rational argument, typically as a symptom of mental disorder.
'Elusion' is an act of successfully hiding or escaping from someone.
In the first blank the context is of not recalling or reminding the scandal. So, 'allusion' is the appropriate word. The second blank is followed by word 'created' and 'illusion' is the correct word. The broker created a false belief. So, 'delusion' is appropriate word for the third blank. The last blank would be filled by 'elusion' as the broker is celebrating his escape from legal authorities.
Hence, option E is the correct answer.