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U.S. Securities and Exchange Commission

Sherbourne Capital Management, Ltd., et al.

On May 14, 2009, the SEC obtained, among other things, an asset freeze against Paul G. Bultmeyer and Arthur J. Piacentini, owner-managers of investment firms, Sherbourne Capital Management, Ltd. and Sherbourne Financial, Ltd. According to the complaint, the defendants orchestrated a fraudulent offering in connection with the sale of “Prime Certificates of Participation.” The Court also appointed Michael D. Sirota, Esq. as Receiver over Sherbourne Capital, Sherbourne Financial and relief defendant Ameripay, LLC.

For more information about the SEC’s action, you can read Litigation Release No. 21038 (May 14, 2009).

If you have questions, you can reach Mr. Sirota at:

Michael D. Sirota, Esq.
Cole, Schotz, Meisel, Forman & Leonard, P.A.
Court Plaza North
25 Main Street
Hackensack, NJ 07601
(201) 525-6262


Modified: 05/28/2009