Perhaps I missed it but I don't see we're you've identified the processor you are using.
So, which is it? A Mega or a Due?
CTE70CPLD is not a model the library understands.
Incorrect. That is a valid model and is exactly what the OP should be using. If he has a Mega, the correct UTFT model would be:
If the type CTE70CPLD is not recognized, you have a older, out of date version of UTFT and you should download the current version from the UTFT website.
Also be sure to select the correct 800x480 demo from the AVR choices, not the ARM versions. Once you have the correct demo sketch open, change the display type from ITDB50 to CTE70CPLD and that should run without further drama. You do not need any SD cards to run the UTFT demo.
Finally, if you are using a Due, you have the wrong shield. You need this version: http://www.ebay.com/itm/TFT-SD-Shield-for-Arduino-DUE-TFT-LCD-Module-SD-Card-Adapter-2-8-3-2-inch-Mega-/121057447668?