U.S. Securities & Exchange Commission
SEC Seal
Home | Previous Page
U.S. Securities and Exchange Commission

The Infinity Group Company

On August 27, 1997, the SEC obtained temporary restraining orders and/or asset freezes against The Infinity Group Company (TIGC), its principals, Geoffrey Benson and Geoffrey O'Connor, and other defendants in connection with a Ponzi scheme. The SEC alleged that the defendants fraudulently raised about $28 million from approximately 6,500 investors nationwide to invest purportedly in so-called "Prime Bank" instruments. The U.S. Attorney's Office for the Northern District of Ohio in Cleveland indicted Benson, O'Connor, and Benson's wife on 21 criminal counts. On March 15, 2001, they were found guilty of all counts and are presently in federal prison.

The Court appointed Robert F. Sanville as Trustee. Mr. Sanville has distributed almost $11 million or approximately 55% of the valid claims from investors. The Trustee does not anticipate making any further distributions and will be terminating the Trust in mid-September. At that time, investors will be receiving a letter from the Trustee.

If you have a question, you can leave a message for the Trustee at (215) 885-7930.


Modified: 08/31/2006