On February 22, 2013, Bodden was sentenced to 37 months in prison on each count and said sentences will run consecutive for a total term of 74 months plus two years of supervised release.

FORBES: 74 Months In Prison For Securities Fraudster Who Targeted Foreign Investors

Bodden and Milter allegedly told foreign investors that their funds would be invested in U.S. financial markets by Lempert Brothers through Lempert Capital and that all such invested funds would be frozen and the balance returned if the value of the investments dropped over 20%.

FORBES: 74 Months In Prison For Securities Fraudster Who Targeted Foreign Investors