Business briefs: Culver's to add two stores in Sarasota County

June 26, 2014 

Manatee Memorial names Dollison new COO

BRADENTON -- Manatee Memorial Hospital has named a former vice president at a Nebraska hospital as its new chief operating officer.

Nicole Dollison, who worked at Bergan Mercy Medical Center as vice president of operations and was executive director of project management for the closure and consolidation of Creighton University Medical Center, has been named COO for Manatee Memorial.

Dollison oversaw the residency program at Bergan Mercy and also was responsible for the growth and expansion of cardiovascular services, outpatient diagnostics, radiation oncology, NICU and ambulatory surgery.

She holds a bachelor's degree from the University of Nebraska-Lincoln and a master's degree in hospital administration from the University of Nebraska-Omaha.

Culver's to add two stores in Sarasota County

SARASOTA COUNTY -- Wisconsin-based Culver's Frozen Custard & ButterBurgers is continuing its Sarasota area expansion with two more sites planned.

Jade Sarasota LLC announced Wednesday it has leased vacant land at 7250 S. Tamiami Trail, for a planned Culver's.

Construction is expected to begin shortly, according to Ken Hoskinson Jr., of Hembree & Associates, who represented the lessor.

Dennis Dahm of Michael Saunders represented the lessee.

This would be the second Culver's planned for the area after one at 2605 University Parkway opened June 9.

Jade Sarasota has also filed plans with Sarasota County for another Culver's at 90 Cattlemen Road.

The location, near Bob Evans and Tire Kingdom, is still under review.

FINRA says athletes were victims of Ponzi scheme

NEW YORK -- The Financial Industry Regulatory Authority is barring a company from the securities industry for allegedly running a Ponzi scheme that defrauded 59 people, most of them current or retired NFL and NBA players.

FINRA ordered Fuad Ahmed to pay $13.7 million to investors.

It also barred Ahmed and his company, Success Trade Securities, from the industry for the Ponzi scheme and the fraudulent sale of promissory notes.

FINRA says Ahmed and Success Trade sold $19.4 million in promissory notes to investors between 2009 and 2013.

They say investors weren't informed that the Washington company was in bad financial shape and lost money in 13 of the previous 14 years.

Ahmed allegedly used the funds for personal expenses and to pay note holders instead of using the money for business expenses.

-- Herald staff and wire reports

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