U.S. SECURITIES AND EXCHANGE COMMISSION


          Litigation Release No. 15837 / August  11, 1998

          SECURITIES AND EXCHANGE COMMISSION v. MICHAEL A. TODD, KIM J.
          BROWN, JERRY L. AUBREY, GARY JASON MCCRORY, GARY L. CLEVERLY,
          CALVIN J. CALVIN, AND TODD J. TAYLOR, Civil Action No. 98-6509 DT
          (JGx)(C.D. Cal.)

          The Securities and Exchange Commission announced today that it
          filed an enforcement action in federal court in Los Angeles
          against Michael A. Todd, Kim J. Brown, Jerry L. Aubrey, Gary
          Jason McCrory, Gary L. Cleverly, Calvin J. Calvin, and Todd J.
          Taylor.  The Commission alleges fraud in the offer and sale of
          stock issued by two companies, Casino Cruises Corp. and BRW
          Leasing Services, Inc.  The Commission asserts that the
          defendants sold the stock through a fraudulent scheme based in
          Newport Beach, California that promoted a fictitious cruise ship,
          with gambling facilities, that would operate between Los Angeles,
          San Diego and Ensenada, Mexico.  Defendants, led by Michael A.
          Todd and Kim J. Brown, raised $908,000 from 120 investors.  The
          complaint alleges that, contrary to the representations made to
          investors, Todd and Brown took most of the investor funds for
          themselves.  They misappropriated approximately $313,000,
          transferred $125,000 to an offshore account they controlled, and
          paid approximately $101,000 in undisclosed sales commissions.
          Todd and Brown also hid their own involvement in these
          businesses, claiming that other, experienced individuals operated
          the companies.  They also falsely claimed that BRW Leasing shares
          would be quoted on NASDAQ. The complaint further alleges that the
          remaining defendants acted as sales agents for an unregistered
          broker-dealer that solicited investors for the stock.  The
          Commission filed this action in connection with the Federal Trade
          Commission's "Risky Business" initiative against fraud in the
          entertainment industry.

          The Commission seeks permanent injunctions, disgorgement and
          civil penalties from Todd and Brown, and permanent injunctions
          and civil penalties from the other defendants.  The action
          against Todd and Brown is based upon violations of Section 17(a)
          of the Securities Act of 1933, Section 10(b) of the Securities
          Exchange Act of 1934 and Rule 10b-5.  The action against the
          other defendants is based upon violations of Section 15(a) of the
          Exchange Act.