U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21626 / August 13, 2010

Securities 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 DYER

The 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).

 
http://www.sec.gov/litigation/litreleases/2010/lr21626.htm

Last modified: 8/13/2010