==========================================START OF PAGE 1======

         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 15009 / August 8, 1996

SEC v. Richard Jenkins, Case No. 96-1347-CIV-T-23C (M.D. Fla.)


     On July 23, 1996, the Honorable Steven E. Merryday, United
States District Judge for the Middle District of Florida, entered
a final judgment of permanent injunction ("final judgment"), by
consent, against Richard Jenkins ("Jenkins") of San Diego,
California.  The final judgment enjoins Jenkins from future
violations of the registration, antifraud, broker-dealer
registration and penny stock disclosure provisions of the federal
securities laws.  On July 10, 1996, the Commission filed a
Complaint against Jenkins in connection with the offer, purchase
and sale of stock of two subsidiaries of Marada Global
Corporation ("Marada Global"), a now-defunct private Florida
corporation.  

     The Complaint alleged that through the use of brochures,
prospectuses, scripts and other solicitation documents, Jenkins,
directly or indirectly, misrepresented and/or omitted to disclose
to investors and prospective investors:  (a) that Marada Global
had exclusive agreements with Caribbean island nations to operate
and develop an airline, casinos and hotels when it had no such
agreements; (b) that Marada stock was being sold by Marada "vice
presidents" who were, in reality, merely telemarketers earning
40% commissions; (c) that Marada would apply for listing and be
traded on the NASDAQ exchange when, in fact, it was practically
impossible for Marada to obtain such a listing; (d) that key
Marada personnel, including Jenkins, had significant disciplinary
histories; and (e) that the only substantial "asset" of Marada
Global was not owned free-and-clear.  According to the Complaint,
from at least August 1993 through September 1994, over 200
investors nationwide were defrauded of nearly $2 million.

     Previously, on September 23, 1994, the Commission filed a
complaint against Marada Global, Marada Capital and Roc G.
Hatfield, also alleging violations of the registration,
antifraud, broker-dealer registration and penny stock disclosure
provisions of the federal securities laws.  On September 23 and
October 18, 1994, respectively, the Court entered a temporary
restraining order and preliminary injunction against the
Defendants.  On November 16, 1994, the Court appointed a receiver
over the Defendant corporations.  On September 8, 1995, the Court
entered a final judgment of permanent injunction and other
relief, by consent, against Hatfield.  On January 22, 1996, the
Court entered a final judgment of permanent injunction, by
consent, against Marada Global and Marada Capital.
==========================================START OF PAGE 2======

     The Commission's Complaint against Jenkins alleged
violations of Sections 5(a), 5(c) and 17(a) of the Securities Act
of 1933, Sections 10(b), 15(a)(1) and 15(g) of the Exchange Act,
and Rules 10b-5, 15g-2, 15g-4, 15g-5 and 15g-9, thereunder.



         
==========================================START OF PAGE 3======