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SECURITIES AND EXCHANGE COMMISSION
Washington D.C.


Litigation Release No. 14657 / September 28, 1995  

SECURITIES AND EXCHANGE COMMISSION v. RUFUS L. JACKSON and
KINGDOM INDUSTRIES CORPORATION d/b/a KINGDOM CORPORATION, 95 Civ.
8315 (LAK) (S.D.N.Y. Sept. 28, 1995)

     NEW YORK -- The Securities and Exchange Commission announced
today that it filed a civil injunctive action in the United
States District Court for the Southern District of New York
charging Rufus L. Jackson ("Jackson"), pastor of Zoe Tabernacle
Church in the Bronx, New York, and Kingdom Industries Corporation
d/b/a Kingdom Corporation ("Kingdom") with fraudulently offering
and selling Kingdom securities to members of Jackson's church and
followers of his radio ministry, among others.  The complaint
also alleges that Jackson diverted more than $200,000 to his own
direct or indirect benefit.

     The Commission's complaint alleges that from in or about the
Spring of 1991 to in or about the Spring of 1993, Jackson and
Kingdom -- through "success seminars" promoted by Jackson at
church services and on the Zoe Tabernacle of Praise, a radio
program broadcast throughout New York City and northern New
Jersey -- fraudulently induced at least 145 people to invest a
total of more than $300,000 in Kingdom.  According to the
Commission's complaint, Jackson claimed to prospective investors
that God advised him to gather a group of 1,000 people and have
each one of them make a "commitment" to Kingdom of $1,000. 
Jackson falsely promised prospective investors that Kingdom would
use their funds to buy real estate, and that investors would earn
returns of up to 60% per year.  The Commission's complaint
alleges that instead of purchasing real estate, Jackson
misappropriated and diverted in excess of $200,000 of investor
funds to pay personal expenses and the expenses of his church,
and to invest in businesses he owned or controlled, including
R.T.J. Enterprises of New York, Inc. ("R.T.J.").  

     In its complaint, the Commission seeks a final judgment
enjoining permanently defendants Jackson and Kingdom from
committing future violations Section 17(a) of the Securities Act
of 1933, and Section 10(b) of the Securities Exchange Act of 1934
and Rule 10b-5.  In addition, the Commission seeks a final
judgment directing defendants Jackson and Kingdom to account for,
and to disgorge, all ill-gotten gains, and to pay prejudgment
interest thereon.  Finally, the Commission seeks a final judgment
imposing civil penalties against the defendants.  

     The Commission's complaint also names R.T.J. as a relief
defendant.  The Commission alleges that R.T.J. received a portion
of the investor funds that were misappropriated and diverted by
Jackson, and was thereby unjustly enriched.  The Commission seeks
a final judgment directing relief defendant R.T.J. to account
for, and to disgorge, all investor funds unlawfully diverted to
it by the defendants, and to pay prejudgment interest thereon.

     The litigation is pending.