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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: lindend who wrote (41473)	7/23/1999 3:58:00 PM
From: pavlov 1	Read Replies (2) \| Respond to of 122087

LITIGATION RELEASE NO. 16212 / July 16, 1999 SECURITIES AND EXCHANGE COMMISSION v. THE GLOBUS GROUP, INC., et. al, No. Civ. 99-1968 (USDC S.D. Fla.) The Commission announced today that it obtained a federal court order halting a securities fraud that was effected through three means: (1) sending spam facsimile messages ostensibly issued by reputable financial firms recommending the stocks of twelve microcap companies; (2) issuing false press releases concerning six of those microcap companies; and (3) posting on the Internet a fraudulent offering of investment interests. Charged by the Commission with engaging in such illegal conduct are The Globus Group, Inc., ("Globus"), located in Miami, Florida, and Bruce Gorcyca a/k/a Anthony DiMarco ("DiMarco"), Globus' principal. United States District Court Judge Alan S. Gold issued a temporary restraining order prohibiting Globus and DiMarco from violating the antifraud provisions of the federal securities laws and freezing their assets. The Commission's complaint alleges that: The faxed recommendations made from 1997 to June 1999 often represented that the sender was affiliated with prominent financial institutions, including Prudential Securities, Merrill Lynch or Citibank, that the sender possessed favorable non-public information about the issuers, and that the issuers' stocks would be quoted on the Nasdaq SmallCap market and dramatically increase in price in the near future. The twelve microcap companies whose stocks were recommended for purchase: China Food and Beverage Co. ("China Food"); TMANglobal.com, Inc. ("TMAN"); Trans-Global Holdings, Inc. ("Trans-Global"); North Wave Communications Corp. ("North Wave"); Lasertec International, Inc.; Chill Tech Industries, Inc. ("Chill Tech"); Micromem Technologies, Inc. ("Micromem"); Converge Global, Inc. ("Converge"), Juniper Group, Inc.,