Mr Sullivan who was originally Fred Solomon who changed his name to Fred Sullivan then changed his name again to Myron Sullivan has sold fake shares to over 500 innocent victims that range from 7,000.00 to 800,000.00 from each shareholder. He has targeted the rich and the poor and has convinced the best of the best. For many years he was using the good name of high profile people who last year when approached had no idea their names were being used. This was to gain the confidence of his victims.
In recent days, The BC Securities Commission has issued a cease trading order and indicated that between 2006 and 2011 Mr. Sullivan sold millions of shares illegally.
In many cases people who wrote checks or paid cash to Sullivan never received certificates so the scam may be well beyond the 500 number of people.
This scam is centered around a technology called Aeros an environmental system that does not exist.
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