Capital Blu Execs To Pay $17.5M For Investment Fraud

Law360, New York (June 10, 2011, 4:51 PM EDT) -- A federal judge in Florida on Friday hit the three principals of defunct commodities trading adviser Capital Blu Management LLC with $17.5 million in fines and restitution for swindling investors in a fraudulent commodity pool.

Following a February jury verdict, U.S. District Judge John Antoon II ordered Donovan Davis Jr., Blayne Davis and Damien Bromfield to pay roughly $5 million each in penalties and together fork over about $2.5 million in restitution to victims of the fraud. The court also imposed a permanent injunction barring the...
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Case Information

Case Title

U.S. Commodity Futures Trading Commission v. Capital Blu Management, LLC et al

Case Number



Florida Middle

Nature of Suit



John Antoon II

Date Filed

March 23, 2009

Government Agencies

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