SEC v. Amante Corporation; Commonwealth Capital Management, Inc.; Edward M. Denigris; and William D. Dyer, No. LR-21626, Southern District of Florida (Aug. 13, 2010) — Press Release
raw: Amante Corporation, Commonwealth Capital Management, Inc., Edward M. Denigris, and William D. Dyer
Amante Corporation, Commonwealth Capital Management, Inc., Edward M. Denigris, and William D. Dyer, No. LR-21626 (Aug. 13, 2010)
Edward M. Denigris and William D. Dye defrauded investors through a boiler room operation, selling unregistered Amante Corporation common stock, and were ordered to pay $816,349 and $11,192 in disgorgement and penalties, respectively.
Edward M. Denigris and William D. Dye were found liable for defrauding investors through a boiler room operation that sold unregistered Amante Corporation common stock. Denigris was ordered to pay $806,349 in disgorgement, $71,117.85 in prejudgment interest, and a $130,000 civil penalty. Dyer was ordered to pay $10,000 in disgorgement, $1,192 in interest, and a $10,000 penalty.
The U.S. Securities and Exchange Commission (SEC) obtained final judgments against Edward M. Denigris and William Dyer for their roles in a fraudulent boiler room scheme that sold unregistered shares of Amante Corporation. The scheme involved unregistered transactions, with Denigris liable for $806,349 in disgorgement and Dye liable for $10,000. Both defendants were charged with violating various sections of the Securities Act of 1933 and the Securities Exchange Act of 1934. Denigris was also ordered to pay $71,117.85 in prejudgment interest and a $130,000 civil penalty, while Dyer was ordered to pay $1,192 in interest and a $10,000 penalty. Both defendants consented to the judgments without admitting or denying the allegations and were barred from participating in the offering of any penny stock. The SEC’s 2009 complaint alleged the defendants orchestrated an unregistered, high-pressure sales operation targeting investors.
Extracted insights
- $806K $806,349 $100K–$1M
- $130K $130,000 $100K–$1M
- $71K $71,117 $10K–$100K
- $10K $10,000 $10K–$100K
- $10K $10,000 $10K–$100K
- $1K $1,192 <$10K
- agency Securities and Exchange Commission
- organization Securities and Exchange Commission
- Securities and Exchange Commission entered final judgments against defendants Edward M. Denigris and William D. Dyer for securities violations
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 21626 / August 13, 2010Securities and Exchange Commission v. Amante Corporation, Commonwealth Capital Management, Inc., Edward M. Denigris, and William D. Dye, Civil Action No. 09-CIV-61716-Cohn/Seltzer (S.D. Fla.).FINAL JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANTS EDWARD M. DENIGRIS AND WILLIAM DYERThe Commission announced that on August 11, 2010, the Honorable James I. Cohn, United States District Court Judge for the Southern District of Florida, entered final judgments of permanent injunction and other relief against Defendants Edward M. Denigris and William Dyer. The final judgment against Denigris enjoins him from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 (Exchange Act) and Section 15(a) of the Exchange Act. In addition to injunctive relief, Denigris is liable for disgorgement of $806,349, plus prejudgment interest of $71,117.85 and a civil penalty of $130,000 and is barred from participating in the offering of any penny stock.The final judgment against Dyer enjoins him from violating Section 15(a) of the Exchange Act. Dyer is liable for disgorgement of $10,000, plus prejudgment interest of $1,192 and a civil penalty of $10,000 and is barred from participating in the offering of any penny stock. Denigris and Dyer consented to the entry of the final judgments without admitting or denying any of the allegations in the complaint.The Commission commenced this action on October 28, 2009, by filing an emergency action against the Defendants alleging they defrauded investors by offering and selling Amante Corporation common stock in unregistered transactions through a boiler room operation.For more information about this case, see LR-21266 (Oct. 29, 2009).
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 21626 / August 13, 2010Securities and Exchange Commission v. Amante Corporation, Commonwealth Capital Management, Inc., Edward M. Denigris, and William D. Dye, Civil Action No. 09-CIV-61716-Cohn/Seltzer (S.D. Fla.).FINAL JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANTS EDWARD M. DENIGRIS AND WILLIAM DYERThe Commission announced that on August 11, 2010, the Honorable James I. Cohn, United States District Court Judge for the Southern District of Florida, entered final judgments of permanent injunction and other relief against Defendants Edward M. Denigris and William Dyer. The final judgment against Denigris enjoins him from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 (Exchange Act) and Section 15(a) of the Exchange Act. In addition to injunctive relief, Denigris is liable for disgorgement of $806,349, plus prejudgment interest of $71,117.85 and a civil penalty of $130,000 and is barred from participating in the offering of any penny stock.The final judgment against Dyer enjoins him from violating Section 15(a) of the Exchange Act. Dyer is liable for disgorgement of $10,000, plus prejudgment interest of $1,192 and a civil penalty of $10,000 and is barred from participating in the offering of any penny stock. Denigris and Dyer consented to the entry of the final judgments without admitting or denying any of the allegations in the complaint.The Commission commenced this action on October 28, 2009, by filing an emergency action against the Defendants alleging they defrauded investors by offering and selling Amante Corporation common stock in unregistered transactions through a boiler room operation.For more information about this case, see LR-21266 (Oct. 29, 2009).