He was primarily a day trader of the Russell 2000 futures and he was teaching other day traders as well...I don't think his "investments" went sour as he really wasn't investing. In fact, the volatility of past few months have been a great environment for most successful index day traders. My guess is (like many Gurus) he really wasn't a profitable daytrader but he acted like one and duped investors into trusting him. I agree that he didn't want to admit he was broke until the facade could no longer stand. On a side note, his wife used to trade with him. She would actually enter the trades as he called them out - I heard them doing this several times in a chatroom. She is trying to play the innocent victim here but we may hear more about her later.
God damn! I followed his blog as well. Good info, apparently a common-sense, down-to-earth guy. His opening range breakout trading was a real eye-opener for me. Simple and straightforward. Edit: I found his main web site with some more interesting info: http://mytradersparadise.com/ Apparently he went missing in mid-December.
He probably was but for whatever reason he ran into some trouble. Maybe he just got over-ambitious trading OPM. That Madoff character was legit in the past as well. His hedge fund was apparently the real deal years ago but went Ponzi when he ran into trouble.
this might have been a while ago, i was in his room the passed yr and he was live trading i have recordings of sessions of him trading, but they dont work becuz they are in .ASR format and i dont know what plays them. his tradingrooms platform used to trade them, but i cant log in. any help on converting them?
I had heard this about his wife too. How much you wanna bet the little lady "disappears" as well? With enough money and planning, anyone can vanish into the wild.
This person should have contacted a lawyer prior to writing this on Bolze's website. Very odd! . http://mytradersparadise.com/ Dear Clients of Dennis Bolze, It is with my deepest sympathies that I write this notice to you. I am the administrator or webmaster of this domain and my name is Dawn Suiter, and I am located near Gatlinburg, TN USA. I have worked for Dennis Bolze for many years now on several of his website projects including this website, we communicated nearly every day regarding website updates & changes. On December 26, 2008 I went to Dennisâs house because he was late paying me a large balance due for work completed. He ceased communications with me around December 17th, which is why I went to his home personally. I spoke to his wife & she explained that Dennis was in fact missing and had also ceased communications with her around the 19th. In their last conversation he clearly told her that he would not be coming back. She indicated to me that she had been vaguely aware of some financial âissuesâ that had begun to creep up in the last few months, and that she herself laid off a working on premises employee recently because she knew that they would no longer be able to pay her a weekly salary. Kathy also let me know that her car had been recently repossessed and that they were losing the house, and she would have to turn their wonderful dogs into the local shelter. She was clearly in distress at the time of my visit and certainly caught off guard by the recent series of events. On December 28th I was able to track down an email address for Dennisâs partner in Spain named Denys Dobbie to see if he was in contact with Dennis. He had not been in contact with him recently and was gravely concerned. He began collecting information & making calls immediately & brought this case to the attention of the FBI within 24 hours of hearing what I reported back from Kathy. Hereâs what YOU need to do and who to call: The United States Commodities Futures Trading Commission is investigating this matter seriously at this time. They are especially interested in speaking with ALL United States investors as soon as possible. Contact Mike Tallarico 1-312-596-0526 mtallarico@cftc.gov or fax: 1-312-596-0714 at your EARLIEST convenience. Several Tennessee investors have retained the services of a Retired Forensic Accountant with the Knoxville, TN FBI who currently handles these types of cases. Grey Steed invites your phone calls regarding the case at his office (865) 671-1457. The United States Internal Revenue Service is gathering information as well right now as part of their investigation. Kevin McCord invites your communications regarding this case (423) 242-8525 kevin.mccord@ci.irs.gov Recent local news stories have been released in regards to this an other related cases. You can find news yourself at the following local newspapers online: www.themountainpress.com www.knoxnews.com In regards to your online account records I recommended that you begin assembling every detail in regards to your investment account. Contract documents, receipts and any other records you have in your possession. Your online account data has been saved and the information has been stored at a remote location. This information will be provided to the appropriate legal authorities at their request. I am attempting to separate each user account data so that I can email you a copy of your account data. If you need a copy of your online account data please email me support@dawnsuiter.com YOU MUST include your full name, account ID, password, name on the account and your phone number, or I will NOT be able to send you your information. I am trying to make sure that the correct people get the correct account data, since there is little identifying information available through your online account. It will take several days work for me to separate everything so please be patient. I apologize in advance for having to take down the online accounts, I am unable to afford to continue paying out of my own pocket to keep your accounts active. Dennis has also left me on the verge of financial ruins so in compromise I have paid to renew your domain names in order to post this notice so that you may begin the process of filing your claims, coordinating with other members and whatever else you may need to do. Since most of you are not aware of the current situation, it seemed inappropriate for me to remove everything entirely leaving you with so many questions. If you need something I may be able to provide, please feel free to contact me support@dawnsuiter.com Sincerely, Dawn Suiter