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

Uniprime Capital Acceptance, Inc. and Alfred J. Flores

On September 1, 2005, the SEC obtained a permanent injunction and other relief against Uniprime Capital Acceptance, Inc. in connection with its fraudulent and unregistered offering of securities in which Uniprime raised approximately $450,000 from 79 investors. The SEC previously obtained a permanent injunction and other relief against Alfred J. Flores, Uniprime's co-defendant. The SEC alleged that Uniprime and Flores made material misrepresentations and omissions to the public concerning Flores' background and his purported treatment for HIV. For more information about the SEC's action, you can read Litigation Release Nos. 16252 (Aug. 13, 1999) and 19371 (Sept. 12, 2005).

As of September 12, 2005, the SEC has recovered approximately $128,000 of ill-gotten gains and is in the process of depositing the funds into a Court account with the United States District Court for the Southern District of New York. The SEC will then submit a disgorgement plan to the Court to equitably distribute the funds to defrauded investors.

If you were a Uniprime investor and believe that you are entitled to receive funds, you should provide information verifying your investment and losses, such as, cancelled checks, brokerage records, correspondence, or stock certificates to Neil Hendelman, SEC Securities Compliance Examiner, at (212) 336-0088 or hendelmann@sec.gov. Be sure to submit these materials to Mr. Hendelman no later than December 1, 2005.


Modified: 09/23/2005