UNITED STATES SECURITIES EXCHANGE COMMISSION

     Litigation Release No. 15462 / August 27, 1997

     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 August 27, 1997, the U.S. Securities and Exchange Commission
     ("Commission") filed an emergency action in United States District Court
     for the Eastern District of Pennsylvania seeking a temporary restraining
     order ("TRO"), preliminary and permanent injunctions, and other expedited
     relief against The Infinity Group Company ("TIGC"), Geoffrey P. Benson
     ("Benson") and Geoffrey J. O'Connor ("O'Connor").  The action also seeks a
     freeze of assets against all of the defendants.  The Honorable Anita B.
     Brody granted the TRO and the freeze of assets, and scheduled a preliminary
     injunction hearing for September 3, 1997.

          The Commission's complaint alleges that, from at least August 1994
     through the present, TIGC, Benson and O'Connor have engaged in a fraudulent
     scheme through which they have raised at least $5 million, and possibly as
     much as $9.7 million, from at least 4,200 public investors, including at
     least 58 investors residing in Philadelphia and the surrounding area.  The
     Complaint alleges that the defendants induced investors to purchase
     interests in TIGC's "Asset Enhancement Plan" by promising them rates of
     return ranging from 138 to 181 percent.  These returns were portrayed as
     "guaranteed."  Through various offering materials, TIGC, Benson and
     O'Connor claimed that they could generate these returns by pooling investor
     funds in TIGC bank accounts and investing it in so-called "Prime Bank"
     instruments or other unspecified investments.  According to the complaint,
     in reality, the instruments and investments described in the offering
     materials did not exist, and none of the money raised from investors was
     invested in such instruments.

          The complaint further alleges that, rather than investing the proceeds
     as represented, TIGC, Benson and O'Connor diverted the money to various
     bank accounts, where some or all of it was misappropriated.  They diverted
     substantial sums to accounts in the name of SLB Charitable Trust ("SLB"),
     JGS Trust ("JGS") and Futures Holding Company ("Futures Holding"), which
     were controlled by Benson and/or Benson's wife, Susan L. Benson ("Susan
     Benson").  The complaint claims that Benson and his wife paid personal
     expenses from those accounts, such as college tuition, trips, clothing and
     dental examinations.  The Commission also alleges that substantial funds
     raised in the TIGC offering were used to pay existing investors or were
     diverted to off-shore bank accounts in St. Kitts, West Indies and Agencia,
     Spain.  




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     According to the complaint, a large sum of money was also diverted from
     TIGC to Lindsey Springer ("Springer") and Bondage Breaker Ministries
     ("Bondage Breaker"), an organization Springer controls.

          In the action, the Commission charges Benson, O'Connor and TIGC
     violated Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933
     ("Securities Act"), Section 10(b) of the Securities Exchange Act of 1934
     ("Exchange Act"), and Rule 10b-5 thereunder.  The complaint seeks to obtain
     ancillary relief from the them in the form of disgorgement, prejudgment
     interest and civil penalties.  The Commission also requested other various
     emergency relief.

          The action also names Susan Benson, SLB, JGS, Futures Holding,
     Springer and Bondage Breaker as a relief defendants for purposes of seeking
     an asset freeze and disgorgement of funds paid to them by TIGC.  The action
     does not charge them with violations of the antifraud provisions of the
     securities laws.  

          TIGC, headquartered in Chardon, Ohio, describes itself as "a private
     trust, unincorporated business organization."  The company was purportedly
     established by Benson as a mail order business in 1989.  

          The Commission wishes to acknowledge the assistance of the Ohio
     Department of Commerce, Division of Securities, the New Hampshire
     Department of State, Bureau of Securities Regulation and the Missouri
     Secretary of State, Securities Division.



























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