Oh...I misspoke :eek:.....forgive me "errand boy",...for I am not part of the 'cult' that is Woodies CCI..... shouldn't you be looking for a job anyway you MODERATOR,....instead of trolling ET.
More detail from Knoxville. The first article said he was arrested in Jersey Shore. This one says State College (home of Penn State), about 40 miles away.
"At least one of the victims is a not-for-profit charitable organization" Well that explains why he insisted on a donation to his pet charities as the payment for his "Trading Workshops".
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=81472 "despite accepting over $20 million, the defendantsâ actual commodity futures trading accounts never exceeded $250,000 in equity, and Bolzeâs trading during the relevant time resulted in approximately $800,000 of trading losses." I guess the FBT never worked after all!
'Earlier this month, the Commodity Futures Trading Commission filed a civil action alleging that he had "the assistance of others" in operating a Ponzi scheme that "cheated or defrauded " those who invested it. The complaint does not identify anyone who is alleged to have helped him.' he hold many trading seminars with other presenters.
I was one of those presenters and the whole thing just about put me into shock. He used me, and the rest of us, to boost his credibility. I've been in touch with some of his victims and they know that we weren't involved - heck he told them not to mention to any of us that he even HAD investors. Once the details started to come out we were able to put our heads together on it. That statement references people who helped him raise money directly, along the lines of Denys Dobbie - who oddly enough passed away recently.