Let’s see, there’s Marcus “DB” Schrenker, Jaffe (well, he claims he was sick so we assume that some federalle actually heard his voice on the phone and looked at the caller ID or something), and now Dennis Bolze, the Knoxville area trader who vanished in mid-December “after some of his investors failed to receive dividend payments and began asking questions.”
As the details get thicker, a different kind of escape emerges:
No distress call. No dramatic plane accident. Just sudden, silent absence. Well done! I bet he got a good 14 day head start.
Bolze and his wife, Kathleen, were widely known as supporters of charities and often hosted fundraising events in their 16,000-square-foot Gatlinburg mountaintop home. The house is now unoccupied, and, according to reports, the furniture has been removed. Kathleen Bolze is believed to be living in the area….
Ah HA! He left her behind! Someone who knows how to follow the rules! The plot thickens.
Says former FBI agent, now private investigator for the investors:
So they trusted him and they invested a small amount. They would just get a statement printed out on his letterhead showing the current status of their investment, about how it had been used, and the thing that concerned me the most in looking at it, how they invested for years on a day to day basis is, it very rarely had a loss….
Mmm-hmmmm.
The FBI and the U.S. Commodity Futures Trading Commission are investigating, apparently. Any bets on what they will find?
Would you have invested? Here’s the promotional material:
010709bolze2.pdf
010709bolze.pdf
Investors level accusations against missing trader [KnoxNews]
Investors may be mostly European [KnoxNews]
FBI investigating missing Sevier Co. stock trader [WATE.com]
That “FAQ” looks like a 5th grader typed it. Terrible grammar, syntax, and blatant errors / lies. If you invested money with this “firm,” then you deserve what you got.
“We are incorporated in Nevada because Las Vegas has a lot of trade shows and Delaware doesn’t.”
The local moonshiner he scammed in Gatlinburg probably has him buried in the back 40.
Feel free to substitute “meth lab producer”
blown away by the FAQ. @1 is correct. those that invested deserve their darwinian comeuppance
Wow. Why do I bother to make an honest living when it seems so easy to use crappy materials to scam people?
lol @4. Also, why are the spaniards so easy to dupe? I hereby announce my Iberian Financial Speculation Ponzi Fund; or strategy is simple — we bilk the Spaniards before others do.
monkey and a typewriter made this fund
I heard a rumor about MS… crazy stuff, lets just say more ugliness to be revealed by the receding tide.
@7 whats the rumor? Thats just like saying “Guess what I have the funniest joke in the world”
Primerica will rule us all one day.
I am the CEO of a hedge fund. I have a friend who wants to know of any of you know where he can find a Connecticut-based institution learn flying and parachuting skills at the same time in an upscale way?
@8 did you hear the one about the gullible commenter?
Come join us at Primerica!
http://www.thecampartnership.com/
@5 – Just promise them good returns and say that I give you my word as a Spaniard. Works unless they’re a pirate.
I’ve seen better grammar on Nigerian e-mail scams.
His wife looks like WIDECLOPS. You see the cankles on that cow? Sheesh.
-mrp
WIDECLOPS = ?
I always over estimate other people’s intelligence. just shows you what an idiot I am.
Looks to be pretty solid and air tight. Sign me up! Can I just give you this garbage bag full of cash now? Or should I get a cashiers check for you?
Primerica has some very good opportunities right now.
The name on your PDF.
Michael L. Potter
produces 1505 hits in the Nevada Business Entity database search by Officer name.
Lots of shell corporations
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpSearch.aspx
No Bolze hit at all.
Centurion Asset Management, Inc. shows ownership by
Donald D. Merritt
Merritt has 1551 Hits by officer name.
Lots of shell corporations there as well.
It will take some time to plow through the shell corporations, but typically in these cases inadvertent clues are dropped. This is often the use of secretaries and girlfriends as officers, and they are quite willing to talk about the old men.
@10 Connecticut Parachutists Inc., in Ellington CT is where you, oops I mean he wants to go.
AUM, anyone?
16,000 sq ft? I can’t imagine wtf a couple needs that much space for.
I hope Lem Motlow’s estate was not harmed in any way, shape or form.
5% Management Fee? Clearly, only dummies would have paid that much, even if they can’t read English good.
From the archives of the Gatlinburg Chronicle
Dennis Bolze “Wins it Big” Playing TN Lottery’s Powerball
October 12, 2001 – If he hadn’t bought flowers for his wife, Dennis Bolze of Gatlinburg wouldn’t have been the owner of a winning Powerball ticket worth $100,000,000. Bolze, having matched 6 of the 6 Powerball numbers, was the lucky TN Powerball winner for the October 6, 2001 drawing. There were a total of 55,428 winning tickets sold statewide for that drawing whose values ranged from $3 to $100,000 each.
Shortly after buying his wife a beautiful bouquet of a dozen red roses in the floral section of Save A’Lot Grocery in Gatlinburg, where he works as a cashier, Bolze was once again standing in line to make another purchase. It was then that Bolze overheard the person in front of him buy a Powerball ticket. Not typically a player, Bolze recalled saying to himself, “I’ll buy one, too.” Bolze purchased one Powerball “Quick Pick” ticket. As it turned out, one ticket was all that Bolze needed to win.
Last Thursday, while enjoying breakfast at Tim Hortons, Bolze remembered to check the newspaper for the winning Powerball numbers for last night’s drawing. Realizing that he had matched five of the numbers drawn, Bolze immediately called a friend to ask how much the ticket was worth. “Oh, you won big,” his friend laughingly declared.
Bolze then phoned his wife, who wasn’t home at the time, and said, “Hey, we won it big…we won $100,000,000 in Powerball!” “It was very exciting,” Bolze said about the moment he learned he won.
Shortly after discovering his good fortune, Bolze arrived at TN Lottery headquarters in Nashville to accept his prize. After receiving his check for $70,000,000 (the prize value after taxes) he commented to Lottery officials, “I’m going to buy all the Timbit snack packs that Tim Horton’s makes. ”
The winning Powerball numbers
drawn on October 6, 2001 were 03 – 05 – 13 – 21 – 34. The Powerball was 55, and the PowerPlay Multiplier was 38. Overall odds of winning a Powerball prize are 1:3,600,000. For selling Bolzes’ winning Powerball ticket, Save A’Lot Grocery will receive a $10,000 bonus check from the TN Lottery.
@23 — not just 16,000 sq ft but it’s a chalet! With 4 mortgages, of course. Hopefully more bathrooms than mortgages, but you never know.
The WATE.com headline is incorrect. It states that a “stock trader” is missing. I don’t think the guy ever traded a stock. He just took the money and ran.
The reason to incorporate in Las Vegas is that the hookers only accept cash.
The officer of Bolze’s companies are Nevada Nominee officers. See this discussion of Donald Merritt:
http://www.frauddiscovery.net/fdinewsite/parthree2.html
is this our guy?
http://tradersparadise.blogspot.com/
I wonder how many more clowns like this guy Bolze (should be pronounced “Balls”) are out there?
@#26…Thanks for the PowerBall archive. WTF is the matter with a moron like Bolze? After collecting $70 Mil, why does one feel the need to go off and scam people?
The Guy from Delaware
BTW, that picture of Bolze…Is he wearing his wife’s eye shadow or his own? Clown?
The Guy from Delaware
What is it about charities and crooks?
#1 said it best.
A fool and his money…
THE Lottery hit was a SCAM…..
see:
http://www.cityviewmag.com/departments/real-estate/282-a-giving-life.html
Written by Kathryn Gage
Photography By Gary Heatherly
Google the name Dennis Bolze, and you’ll learn two things: one, he won the lottery (to the tune of $100,000,000) and two, even though he’s a wealthy man, he continues to work everyday. If you talk to Dennis Bolze, you’ll learn that the elaborate story of his mega win was a hoax orchestrated by a friend, and that his real story is every bit as compelling as if he had won the lottery. It brings to my mind the question most everyone has asked, “What would I do if I won the lottery? Would I pay off debt? Travel the world? Or give it all away?” Dennis Bolze would most assuredly do the latter. Because even though he wasn’t given $100,000,000, he gives to others as though he had been. And this principal of giving back is at the core of the man whom I feel fortunate to have met.
@31 the post @26 was clearly a joke…
So many fugitives, so little time.
Remember that every village has at least one of these con men in operation. Post a note whenever one of them flees.
How soon we forget Raoul Weil, at the time head of UBS’s global wealth management. Weil, who says he is innocent and stepped aside in November to prepare his defence, was formally declared a fugitive late on Tuesday.
… and another one:
The U.S. Marshals Service has announced a Columbus-area federal fugitive spent a couple days this weekend as the featured fugitive on amw.com, the Web site for “America’s Most Wanted.”
Rebecca Parrett is a felon who jumped her bond in March 2008 after being convicted in a high-profile, $3 billion fraud case. Parrett was an executive at National Century Financial Enterprises (NCFE), a company that bilked investors out of millions of dollars by falsifying reports and intentionally deceiving the Securities and Exchange Commission. Parrett was facing the possibility of 75 years in prison after her conviction and never again reported to authorities as instructed by a Columbus federal judge.
He’s clearly a Volunteer fan from that Orange shirt. Anyone who had their money managed from a UT grad deserves exactly what they got.
Nice fluff piece about his 16,000sf eysore of a home and his “giving” nature 2 months before he went AWOL-
http://www.cityviewmag.com/departments/real-estate/282-a-giving-life.html
“The name of Kathleen Bolze, the stock trader’s wife, is on a plaque at Pratt Pavilion, the new basketball practice facility at the University of Tennessee. The couple made a $500,000 donation to that project”
What they need to do is put up a new plaque with the name of the 100 investors whose money was actually used for the $500K donation.
Asset protection strategy = Dirk?
At one point, I know that you have met Dirk on one of his visits here.
Rule #1- Don’t invest money with anyone that wears Croc’s or his wife has large cankles!
http://www.knoxnews.com/photos/2009/jan/08/45617/
Rule #1- Don’t invest money with anyone that wears Croc’s or his wife has large cankles!
http://www.knoxnews.com/photos/2009/jan/08/45617/
Hi! I live in Gatlinburg and have seen this house a few times.My friends have gotten taken by this guy.This guy has a very checkered past.I hope they catch him and his wife and throw away the keys.
Gatlinburg
Hi! I live in Gatlinburg and have seen this house a few times.My friends have gotten taken by this guy.This guy has a very checkered past.I hope they catch him and his wife and throw away the keys.
Gatlinburg
Hi! I live in Gatlinburg and have seen this house a few times.My friends have gotten taken by this guy.This guy has a very checkered past.I hope they catch him and his wife and throw away the keys.
Gatlinburg
@ TGFD – have you been on a hiatus? Haven’t seen you around here lately.
She totally looks like Victoria Jackson. And I’d totally nail her (MILF!)
I think all traders and hedge fund managers should go to David Copperfield School.
The problem is, she looks like TWO Victoria Jacksons. If you nail her, she may take your member and donate it to the U of T. You would see it on a plaque in the lobby. Be my guest.
Actually, Bolze is not a UT graduate. He dropped out of Georgia Tech.
http://www.cityviewmag.com/departments/real-estate/282-a-giving-life.html
Good to see the euro-fags getting stuck. Just goes to show you can’t prevent stupid . . .
Good to see the euro-fags getting stuck. Just goes to show you can’t prevent stupid . . .
I worked for Dennis Bolze years ago. He owned several mall stores and was always in trouble for not paying his rent. He was also a total lech and I damn near sued him for sexual harassment. This was in the early 90s. VERY glad to see karma caught up with him.