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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Litigation Release No. 15383 / June 10, 1997


SECURITIES AND EXCHANGE COMMISSION v. INTERNET BROADCAST GROUP,
et al., Civil Action No. 96-CV-2226 (D.D.C., filed September 26,
1996)

     The Securities and Exchange Commission announced that on
June 6, 1997, the Honorable Stanley S. Harris, United States
District Court Judge for the District of Columbia entered a Final
Judgment of Permanent Injunction and Other Relief as to Michael
Green and Capital Resources Group, Inc. (Capital).  The
Commission's complaint, which was filed on September 26, 1996,
alleged that between approximately April through September 1994,
Green, President and controlling owner of Capital, and Capital
participated in the fraudulent offer and sale of unregistered
securities in Internet Broadcast Group, a purported Nevada
general partnership organized to engage in the wireless and
hardwired cable business.  The complaint also alleged that the
fraudulent offering raised $2.1 million from approximately 186
investors nationwide.

     Without admitting or denying the Commission's allegations,
Green and Capital consented to the entry of the final judgment,
which permanently enjoins them from violating the securities
registration provisions of Sections 5(a) and (c) of the
Securities Act; the antifraud provisions of Section 17(a) of the
Securities Act and Section 10(b) the Exchange Act and Rule 10b-5;
and the broker-dealer registration provisions of Section 15(a) of
the Exchange Act of 1934.  The final judgment orders Green and
Capital, jointly and severally, to disgorge the sum of $130,000,
representing the amount of investor funds raised by these
defendants, plus $28,708 in pre-judgement interest. 
Additionally, Green and Capital were ordered to pay a civil
penalty of $60,400, representing the gross pecuniary gain of
these defendants.  See Litigation Release No. 15074 (September
26, 1996).