Subject: File No. S7-08-08
From: M Varden

May 19, 2008

I invested in Bancorp international Group (sytmbol:BCIT) in 2005. It has been proven that the DTCC cleared counterfeit shares and naked shorted shares. Wtih only a 5 million O/S, it was proven in court last year of the existence of over a billion shares. Buying innocently through Etrade, I was sued by the company for fraud for simply buying shares through Etrade. The SEC halted the company and to this day the DTCC refuses to clear trades-only a promise of a reverse split by CEO Thomas Megas have the SEC and DTCC said they may allow trading again.

Where is the justice for the small investor of BCIT? Where is the SEC on this matter since there is no resolution? Why did the SEC decide suspend a forced buy-in that was the rule at the time? They have allowed the equivalent of allowing bank robbers walk away with money while watching the whole event. These are the people in charge of regulating the markets?