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U.S. SECURITIES AND EXCHANGE COMMISSION 
 
LITIGATION RELEASE No. 14671 / October 2, 1995 
 
SECURITIES AND EXCHANGE COMMISSION V. HARVEY P. TABB, ET AL., 
Civil Action No. C-95-03459-CW (N.D. Cal. Sept. 29, 1995) 
 
     The Securities and Exchange Commission today announced the 
filing of a Complaint in the United States District Court for the
Northern District of California against Harvey P. Tabb, Donald R.
Golan, American Ticketing Systems, Inc., Business Investment 
Group, Inc. and Socal Ameritix Limited Partnership (collectively,
"defendants") alleging violations of Sections 5(a), 5(c) and 
17(a) of the Securities Act of 1933 ("Securities Act"), Sections
10(b) and 15(a) of the Securities Exchange Act of 1934 ("Exchange
Act") and Rule 10b-5 promulgated thereunder.  In its Complaint, 
the Commission seeks a permanent injunction against the 
defendants, accountings, disgorgement plus prejudgment interest 
and civil penalties pursuant to Section 20(d) of the Securities 
Act and Section 21(d)(3) of the Exchange Act. 
 
     Simultaneously with the filing of the Complaint, and without
admitting or denying the Complaint's allegations, the defendants
consented to the entry of an order of permanent injunction, 
permanently enjoining them from future violations of Sections 
5(a), 5(c) and 17(a) of the Securities Act, Sections 10(b) and, 
except for Socal Ameritix Limited Partnership, 15(a) of the 
Exchange Act, and Rule 10b-5 promulgated thereunder.  In 
addition, the defendants consented to the entry of orders 
requiring them to submit accountings and providing that the Court
shall retain jurisdiction to determine the amount of disgorgement
and civil penalties. 
 
     According to the Complaint, the action involves the 
fraudulent offer and sale of a series of unregistered limited and
general partnership interests by the defendants.  From February 
1994 to May 1995, the defendants and others raised at least $3.2
million from more than 225 investors.  In connection with the 
offer and sale of these securities, the defendants and others 
violated the antifraud provisions of the federal securities laws by
misrepresenting: (a) the use of investor funds; (b) the status of
the underlying business ventures; (c) the prior business 
experiences of the defendants Tabb, Golan and others; and (d) the
expected investor returns on investment.  The Complaint further 
alleges that the defendants failed to register the general and 
limited partnership securities as required and illegally operated
as unregistered broker-dealers.  
 
     The Commission's investigation is continuing with respect to
parties other than the defendants.