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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 14863 / April 5, 1996


SEC v. WEYMAN B. SINYARD, THOMAS P. POULAKIDAS, RANDY DEPOISTER,
FINANCIAL RESOURCES ADVISORY, INC. AND JARCO, INC.
(N.D. Ill., Civil Action File No. 94C-5856)

The Securities and Exchange Commission (Commission) announced
that on March 25, 1996, the Honorable John Grady of the United
States District Court for the Northern District of Illinois
entered an Order of Permanent Injunction by Default (Order)
Against Defendant Jarco, Inc. (Jarco).  The Order permanently
enjoins Jarco from violating Sections 5(a), 5(c) and 17(a) of the
Securities Act of 1933, Section 10(b) of the Securities Exchange
Act of 1934 and Rule 10b-5 thereunder.  The Order specifically
asserts that the Court shall retain jurisdiction of this matter
to, among other things, permit the Commission to conduct
discovery to determine the specific amount of Jarco's ill-gotten
gains arising from its violations, determine whether Jarco, Inc.
shall be required to pay disgorgement, prejudgment interest and
civil penalties and determine the liability of the remaining
defendants:  Weyman B. Sinyard (Sinyard), president of Jarco;
Thomas G. Poulakidas (Poulakidas), former general counsel of
Jarco; Randy Depoister (Depoister) and Depoister's registered
investment adviser, Financial Resources Advisory, Inc. (FRA).

The Court's Order was based on Jarco's failure to timely and
properly file its answer to the Commission's Amended Complaint
(adding Jarco as a defendant) filed with the Court on October 6,
1995.  Specifically, Jarco's president, Sinyard, improperly
attempted to file a pro se answer on behalf of the corporation. 
Thereafter, Jarco failed to make any appearance in connection
with the Commission's Default Motion.

The Amended Complaint alleged that between December 1987 and
March 1991, Defendants Sinyard, Poulakidas, Depoister, Jarco and
FRA offered and sold securities in the form of Jarco promissory
notes to the public.  As a result, over $1 million was raised
from at least twenty-three investors residing in Illinois and
Indiana.  In connection therewith, Sinyard, Poulakidas,
Depoister, Jarco and FRA misrepresented and omitted to state
material facts regarding the investment.  Specifically, investors
were told that their funds would be used to help finance Jarco's
costs associated with obtaining a several billion dollar loan for
a trust purportedly located in Mexico (Trust).  The defendants
further represented that investors would quickly recoup their
principal investment funds and receive returns of up to 200%. 
However, the loan has never closed and investors have neither
recouped their investments nor received their promised returns. 
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As a result, Jarco and the other defendants misrepresented and
omitted to state material facts regarding, among other things:  


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the risks, returns and duration of the investment, the true 
nature of the investment and the use of investor funds.

For further information, see Litigation Release Nos. 14259
(September 27, 1994), 14308 (October 28, 1994), 14512 (May 26,
1995) and 14603 (August 15, 1995).