Cardinals Care

Subscribe to Berger's Beat:

Posts Tagged ‘Michael Litz’


Shaun Hayes may have taken down another bank – Excel Bank now Simmons Bank.  Hayes was the largest stockholder and used the bank for himself and Michael Litz.  So goes three banks and counting: Sun Securities; Truman and Excel – you kidding me?. . .Apple has introduced a 7.9-inch iPad Mini tablet. ..Monday’s presidential debate broke all Fox News ratings with 11.5 viewers topping all its cable competition. . .In the DC Comics’ “Superman” (due in comic book stores today), the man of steel’s alter ego, Clark Kent, resigns from the Daily Planet and is speculated to be creating a blog similar to Huffington Post/Drudge Report. . .Yesteryore St. Louis Symph maestro Leonard Slatkin will take to the podiums special guest pianist at 7 p.m., Jan.14 for The Chamber Music Society at the Sheldon. . .Syndicated radio guy George Noory will intro Georgio Tsoukalos at 7 p.m., Sunday at the Sheraton City Center Hotel. Both Georges have worked together on The History Channel’s “Ancient Aliens”. . .The Grove remains the most edgy, creative, diverse and inclusive part of town where seven new storefront businesses have blossomed.  Among the newbies: Sameem Afghan Restaurant; Urban Breath Yoga; O’Shay’s Pub; Layla Lebanese; SoHo Restaurant and Lounge; City Boutique and Joyia Tapas.


Demos and Caesar Investment, LLC has sued Excel Bank, Shaun Hayes, Eighteen Investments, Inc., and the notorious Michael Litz. In July, Excel Bank sued Hayes and Litz and McKnight Man LLC, a company owned by Hayes, for a default on a $1 million loan. Truman Bank is also suing Hayes’ trust.


The 700 South Brentwood Condo Association has filed a lawsuit against Shaw Credit Investments and Shaun Hayes, its director and registered agent, for breach of contract concerning a settlement the two made in November, court documents show. The association is also seeking an injunction from St. Louis County Judge Michael Jamison, that would prevent a scheduled August tax sale on six of the units at 8054 Davis Drive and 700 South Brentwood in Clayton. 700 South Brentwood Association says Hayes has failed to make payments for all unpaid and delinquent taxes on the units he agreed to make under the November agreement. The association also alleges in the court documents that Hayes breached his fiduciary duty by undercapitalizing Shaw Credit investments and stripping the Shaw Credit of its assets to avoid creditors. The association is asking for a judgment of $40k plus any additional taxes levied on or after Dec. 31. In addition, the association is asking the court to find that it is the equitable owner of the units as of Dec. 1 and to appoint a receiver to manage Shaw Credit. Donna Webster is president of the association, which is represented by Todd Billy of the offices of Marvin Nodiff. Hayes has been involved in a litany of litigation in regard to his association with Michael Litz and Bellington Realty.


A judgment has been slammed against Shaun Hayes, once the golden boy of banking, by Ken Baldridge, which is pending in St. Louis County Circuit Court.  Other defendants named in the suit are Michael Litz, Libald-Hayes, ii., LLC, Universal Exports, LLC and South County Portfolio Mangement, LLC.  The hearing will be held April 20.  Hayes’ partner is Libald-Hayes and Michael Litz. Litz is under investigation by the feds for alleged multiple counts of mortgage and bank fraud.  He is believed to have forged a signature of a New York investor who was guarantor of a $1 million loan with Sun Bank. Litz is co-owner of Bellington Realty and Eighteen Investments.  His partner is Michael B. Fox, who is also under investigation relating to the matters. It appears that Bellington and Eighteen Investments will be forced to close after the investigations are completed.  The two men allegedly funneled money from Bellington and Eighteen Investments to Flow Partnership, LLC, which is owned by the Michael Litz Revocable Trust and Michael B. Fox Revocable Trust. Judgments of more than $13 million have been entered against the two men. Other judgments pending against them total several million dollars. Included in the judgments already obtained are monies due several banks totaling  more than $9 million.  In addition, hundreds of thousands of dollars are due St. Louis County for unpaid property taxes.

Warning: include() [function.include]: URL file-access is disabled in the server configuration in /homepages/3/d313590348/htdocs/wp-content/themes/berger1/footer.php on line 29

Warning: include( [function.include]: failed to open stream: no suitable wrapper could be found in /homepages/3/d313590348/htdocs/wp-content/themes/berger1/footer.php on line 29

Warning: include() [function.include]: Failed opening '' for inclusion (include_path='.:/usr/lib/php5.2') in /homepages/3/d313590348/htdocs/wp-content/themes/berger1/footer.php on line 29