Michael Sullivan

Stock promoter who caused collapse of Bahamas broker convicted of securities fraud

March 10, 2010

A 40 year old Canadian stock promoter who defrauded two Bahamas based stock brokers and others of more than $30 million has been found guilty of securities fraud in Philadelphia and faces a maximum sentence of 165 years in prison.

Another fraud action brought against UK investment promoter Sendjer Shefket

August 3, 2005

British national Sendjer Shefket, who has been subject to an outstanding U. S. arrest warrant for two years concerning an alleged investment fraud, has been accused of perpetrating another alleged scam.Shefket is one of several parties in civil litigation that was initially filed at the U. S. District Court for the Western District of Washington on September 23, 2004.

U.S. Bank NA v. Eel River Investment Company et al: Second Amended Complaint

May 18, 2005

Second Amendment Complaint in U.S. Bank N.A. v. Eel River Investment Company, Veril L. Olsen, Michael D. Ross, John E. Breazile, Michael Sullivan, Sterne Agee & Leech Inc., Eel River Acquisition Corporation, Ross Williamson & Loitz PLLC, Sendjer Shefket, of England; Target International Funds Ltd., of England, and Eel River Lumber Products LLC at the U. S. District Court for the Western District of Washington.

U.S. Bank NA v. Eel River Investment Company et al: First Amended Complaint

November 4, 2004

First Amendment Complaint in U.S. Bank N.A. v. Eel River Investment Company, Veril L. Olsen, Michael D. Ross, John E. Breazile, Michael Sullivan, Sterne Agee & Leech Inc., Eel River Acquisition Corporation, Ross Williamson & Loitz PLLC, Sendjer Shefket, of England, and Target International Funds Ltd., of England, at the U. S. District Court for the Western District of Washington.