U.S. Securities & Exchange Commission
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U.S. Securities and Exchange Commission

E-Biz Ventures

On January 31, 2001, the SEC obtained temporary restraining orders and asset freezes against Donald A. English and his businesses, E-Biz Ventures and EE-Biz Ventures. The SEC alleged that English and others fraudulently raised nearly $9 million from approximately 35,000 investors through the Internet as part of an elaborate Ponzi scheme. For more information about the SEC's action, you can read Litigation Release No. 16886 (Feb. 1, 2001)

The Court appointed Chris Condren as Receiver. He has set up a website that provides information about the Receivership and expects to post a claims form so that investors can file their claims electronically.


Modified: 05/07/2001