United States Securities and Exchange Commission

          Litigation Release No.  15686 / March 27, 1998

          U.S. Securities and Exchange Commission v. The Infinity Group
          Company, Geoffrey P. Benson and Geoffrey J. O'Connor, et. al.
          United States District Court for the Eastern District of
          Pennsylvania, Civil Action No. 97-CV-5458)

          On March 16, 1998, the Honorable Stewart Dalzell entered Orders
          against Geoffrey P. Benson ("Benson"), Susan L. Benson ("S.
          Benson") and Lindsey K. Springer ("Lindsey Springer") d/b/a
          Bondage Breaker Ministries holding them in contempt of certain
          provisions of the Court's Order for Final Injunction,
          Disgorgement and Other Relief ("Final Judgment") entered on
          February 6, 1998.  Benson, S. Benson and Springer were named as
          defendant and relief defendants, respectively, in a civil
          injunctive action instituted by the U.S. Securities and Exchange
          Commission ("Commission") in August 1997.  The Commission
          initially sought, and was granted, emergency relief, including a
          temporary restraining order and a freeze of assets.

          Following a four day trial in February 1998, Judge Dalzell found
          that Benson, an entity known as The Infinity Group Company
          ("TIGC") and Geoffrey O'Connor had violated Sections 5(a), 5(c)
          and 17(a) of the Securities Act of 1933 and Section 10(b) of the
          Exchange Act and Rule 10b-5, thereunder, by fraudulently raising
          at least $24.5 million from public investors through a Ponzi
          scheme wherein they promoted non-existent "Prime Bank"
          instruments and other dubious investments.  The defendants
          falsely claimed that these investments would generate for
          investors rates of return ranging from 138 to 181 percent.
          Pursuant to the terms of the Final Judgment, the defendants were
          permanently enjoined and ordered, jointly and severally, to pay
          disgorgement of over $24.5 million.  S. Benson and Springer were
          also ordered to pay $1,425,900 and $1,265,000 in disgorgement,
          respectively, as the recipients of some of the investor proceeds.
          Judge Dalzell also continued the appointment of Robert F.
          Sanville as trustee for TIGC and empowered him to take custody of
          all remaining assets of TIGC and distribute them to the defrauded
          TIGC investors.

          Following a hearing on March 16, 1998, Judge Dalzell found that
          the Bensons had disobeyed provisions of the Final Judgment by
          failing to transfer certain property to the trustee, including a
          large parcel of land in Chardon, Ohio, and certain specified
          vehicles.  He held them in contempt, and ordered them, among
          other things, to vacate the real estate no later than May 1,
          1998.  Judge Dalzell also held Springer in contempt and ordered
          the United States Marshal for the Eastern District of
          Pennsylvania to arrest him and hold him in custody until such
          time as he complied with the terms of the Final Judgment.

          TIGC, Benson and O'Connor engaged in their fraudulent scheme
          during the period from September 1996 through August 1997.  They
          raised approximately 26 million from 10,000 investors nationwide
          and internationally.  Of the funds raised, only $11.8 million, or
          48 percent, was ever used to purchase any type of investment, and
          all of these investments were valued as worthless.  The remaining
          funds were misappropriated and used to pay other investors or
          personal expenses of the defendants and relief defendants.  As a
          result of the Commission's action, over $7 million was frozen,
          and a substantial portion was repatriated from off-shore bank
          accounts.  Three other entities controlled by Benson, S. Benson
          and O'Connor were also named as relief defendants in the
          Commission action.