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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.

Litigation Release No. 14732 / November 27, 1995

SECURITIES AND EXCHANGE COMMISSION V. THOMAS S. MACKIE, JR.,
PETER M. STANLEY, AND ANDREW S. FINK, United States District
Court for the Eastern District of New York, 95 Civ. 4852 (JS).

     On November 27, 1995, the Securities and Exchange Commission
filed a Complaint in the United States District Court for the
Eastern District of New York against Thomas S. Mackie, Peter M.
Stanley, and Andrew S. Fink alleging violations of the antifraud
provisions of the federal securities laws in connection with a
series of fraudulent securities transactions.  The Commission
seeks injunctive relief and civil penalties against all three
defendants and disgorgement of profits obtained by Mr. Mackie.  

     The Commission's Complaint alleges the following:

     In the period from late 1991 through late 1992, Mackie
fraudulently obtained securities from three different entities:
(1) the Bank of Keetoowah, a bank located in Oklahoma, (2) Sigma
Alpha Entertainment Group, Ltd., a Philadelphia based record
company and (3) Command Credit Corporation, a financial services
company located in Rockville Center, New York.  

     In each case, Mackie acquired the securities by falsely
stating that he represented a Liechtenstein trust named Stirling
Trust and by misrepresenting the size of the trust's assets and,
accordingly, his ability to pay for the securities.  In truth,
Mackie was never authorized to represent Stirling Trust which, in
any case, lacked assets sufficient to pay for the securities
Mackie acquired.  In fact, the trust had been dissolved before
any of the transactions with the three entities mentioned above
were consummated.  In addition to numerous false statements and
omissions, Mackie's fraudulent activity included the creation and
use of false and misleading financial statements for Stirling
Trust and the use of a forged certificate of deposit and a number
of falsified account statements.

     Defendant Peter M. Stanley participated in Mackie's fraud on
Command Credit by misrepresenting Mackie's relationship with
Stirling Trust and the size of the trust's assets.  Defendant
Andrew S. Fink participated in Mackie's fraud on the Bank of
Keetoowah by preparing the false and misleading financial
statements for the trust that were provided to the bank and by
confirming to the bank that he had seen valid documentation
supporting the trust's assets.  Simultaneously with the filing of
the Complaint, Mr. Fink, without admitting or denying the
substantive allegations of the Complaint, consented to the entry
of a Final Judgment permanently enjoining and restraining him
from violating Section 10(b) of the Securities Exchange Act of
1934.