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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 14663 / September 29, 1995 


SECURITIES AND EXCHANGE COMMISSION v. TRANSAMERICA WIRELESS
SYSTEMS,INC., ET AL., Case No. 94-6805-CIV-GONZALEZ (S.D. FL.)

     In August 1994, the SEC filed this action alleging that
Defendants TransAmerica Wireless Systems, Inc., Intercontinental
Telecommunications Corporation and Danny Sterk ("Sterk") were
conducting unregistered fraudulent offerings of securities to
build and/or operate wireless cable television systems.  On
August 4, 1995, the SEC filed an application for an order to show
cause why Defendant Sterk, his wife Fanny Sterk, and one of his
attorneys, Forrest Sygman, Esq. should not be held in civil
contempt for violation of the Court's order freezing assets owned
or under the control of Defendant Sterk.  The SEC alleges that
Sterk, aided and abetted by his wife and Sygman, placed proceeds
from his fraudulent scheme in Sygman's attorney trust account,
purportedly in trust for the benefit of Sterk's children, and
subsequently disbursed those funds for his own benefit.