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Date of Issue: March 18, 2009

FBI keeps quiet on case

The FBI reported no new developments associated with an investigation that led to the search of two Anna Maria Island properties.

The FBI recently searched the Holmes Beach home and Bradenton Beach office of financial consultant Doyle Scott Elliott.

The search took place while Elliott was in Phoenix, where he was a defendant in a civil trial on a Securities and Exchange Commission complaint that he sold unregistered securities. Elliott was acquitted in that case.

Elliott said the FBI searched his properties as part of an investigation of 70 publicly traded companies, including four that Elliott had financed.

Elliott said he was a cooperating witness with the FBI.

The FBI has declined to comment on the nature of its investigation.