UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15477 / September 5, 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 September 4, 1997, the Honorable Stewart Dalzell entered an Order
     of Preliminary Injunction, Appointment of a Trustee, Freeze of Assets and
     Other Relief ("Order") against defendants The Infinity Group Company
     ("TIGC"), Geoffrey P. Benson ("Benson") and Geoffrey J. O'Connor
     ("O'Connor").  The Order was entered following a two day hearing before
     Judge Dalzell in United States District Court for the Eastern District of
     Pennsylvania.  The U.S. Securities and Exchange Commission ("Commission")
     instituted the civil injunctive action on August 27, 1997.  On that same
     date, the Honorable Anita B. Brody granted the Commission's motion for a
     temporary restraining order.  She also granted a freeze of assets against
     the defendants as well as six relief defendants.

          In addition to entering the preliminary injunction, Judge Dalzell
     continued the freeze of assets ordered by Judge Brody.  Pursuant to the
     Order, he also appointed Robert F. Sanville, C.P.A., Sanville & Company, as
     trustee for the assets of TIGC, and required the defendants and relief
     defendants to repatriate all funds and assets held in off-shore bank
     accounts to Sanville.  A trial date of November 20, 1997 has been
     scheduled.

          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 them in so-called "Prime Bank"
     instruments or other unspecified investments.

          At the preliminary injunction hearing, the Commission presented expert
     testimony of Professor James Byrne, who testified that the TIGC offering
     was fraudulent, and that the instruments and investments described in the
     TIGC offering materials did not exist.  The Commission also presented
     testimony of Staff Accountant Kevin B. de Lacy who testified 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.  Substantial sums were diverted to
     accounts under their control or under the control of the six relief
     defendants.  Mr. de Lacy further testified that 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, Spain and the Principality of
     Monaco.

          To date, the Commission has confirmed that more than $3 million in
     assets has been frozen.
















































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