Tenn. Commodities Fraudster To Pay $36.6M Penalty

Law360, New York (March 2, 2011, 7:38 PM EST) -- A federal judge in Tennessee on Wednesday ordered the architect of a fraudulent commodity futures trading pool to pay a $36.6 million civil penalty.

Judge Curtis L. Collier of the U.S. District Court for the Eastern District of Tennessee also ordered Centurion Asset Management Inc. founder Dennis Bolze to pay $13 million in restitution to his customers, but said he would receive a dollar-for-dollar credit for any payments made to satisfy his restitution obligations in a related criminal case.

The monetary judgment comes on top of...
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Case Information

Case Title

Commodity Futures Trading Commission v. Bolze et al


Case Number

3:09-cv-00088

Court

Tennessee Eastern

Nature of Suit

Securities/Commodities

Judge

Curtis L Collier

Date Filed

March 3, 2009

Government Agencies

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