Saint James/Eos: 360 Global/Viansa Redux?

The star-crossed purchase of Eos Estates by The Saint James Company — a self-professed penny stock shell which had no assets before the acquisition — appears uncannily similar to the 360 Global/Viansa debacle, this  according to public records and extensive interviews with attorneys, industry executives as well as financial and securities experts.

See related Wine Industry Insight article

THE KEY BUT UNSEEN ROLE OF FORMER 360 GLOBAL/VIANSA HEAD JAKE SHAPIRO

Wine Industry Insight began to look into the Sapphire Wines case in early January following a series of tips — emails and phone calls — from people who said that Joel A. “Jake” Shapiro — who had been at the center of the 360 Global/Viansa debacle — was an investor in The Saint James Company and had become a key player at Eos Estate Winery. Shapiro was the focus of a March 24, 2008 article in Forbes.

Neither Shapiro responded to repeated requests for comments or corrections.

“When I showed up at Eos, I was shocked to find Shapiro there,” said one long-time wine industry veteran. “He’s telling people that he’s the largest investor and that he’s in charge.”

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Also In This Article:

• SHAPIRO DEFENDED BY SAINT JAMES

• SHAPIROS ARE MAJOR INDIRECT INVESTORS IN STJC

• FROM PINNACLE TO IRON EAGLE TO THE SAINT JAMES COMPANY

• OWNERSHIP SUMMARY OF AN INTERESTING DEAL

• INTERESTING OWNERSHIP FOOTNOTES

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