FBI agents search Island properties
by Lisa Neff. Islander Reporter
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| Search location in the 2200 block of Gulf Drive, Bradenton Beach. Islander Photo: Jo Ann Meilner |
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| Doyle S Elliott |
FBI agents executed search warrants at two Anna Maria Island properties
Feb. 25.
One property was in the 500 block of Key Royale
Drive in Holmes Beach and another in the 2200 block
of Gulf Drive North in Bradenton Beach.
An FBI spokesman declined
to discuss the nature of the investigation, which originated
from the agency’s
field office in Newark, N.J., and was coordinated with agents in Tampa.
“I’m not specific on the locations, but we did execute
some search warrants in Florida,” said Bryan Travers, a spokesman with
the FBI in Newark. “And
that’s about all I can tell you.”
Travers said the agency was not
investigating an alleged violent crime, but declined
to elaborate on the nature of the case.
Holmes Beach Police Department officers
assisted at the Key Royale property, which according
to the Manatee County Property Appraiser Web site is owned by Doyle Scott
Elliott.
Elliott purchased the property, a single-family home, in
2004 for $1.335 million, according to the Manatee County
Property Appraisers Web site.
Elliott, according
to an Internet records search, was barred from associating
with any National Association of Securities Dealers member in any capacity. “The
sanction was based on findings that Elliott received $35,000 from a public customer
to purchase a low-priced stock in collaboration with Elliott, and was told that
the stock would be sold at a profit within 30 days, and that they would split
the profit,” according to a NASD record.
The NASD record from March 2004
further said, “The findings also stated
that Elliott failed to use the customer’s funds, and sent him fictitious
trade confirmations purporting to confirm sell transactions from the customer’s
account at Elliott’s member firm although he did not have an account at
the firm and none of the transactions occurred. NASD also found that Elliott
failed to respond to NASD requests to appear for an on-the-record interview.”
The
NASD was a self-regulatory organization of the securities
industry responsible for the operation and regulation of the Nasdaq stock
market and over-the-counter markets. It also administrated exams for
investment professionals before it was replaced by the Financial Industry
Regulatory Authority.
Yellow tape was used
to keep the curious away from the Key Royale residence.
Motorists who passed by slowed to inquire about the reason for the law
enforcement presence.
“Yellow tape? That’s never good,” said Kevin Stockdale
as he bicycled past the large home on the warm Wednesday afternoon.
Elliott also is
connected to the Bradenton Beach property that agents
searched while a Bradenton Beach Police Department officer stood watch
outside.
The office
is the site of Elliott & Associates, a management consulting service.
Islander
calls to the consulting service went to a voice messaging
system and were not returned. |
