SECURITIES AND EXCHANGE COMMISSION


     Litigation Release No. 15531 / October 8, 1997

     S.E.C. v. CIHACO INTERNATIONAL, INC., HARTMUT HAUSSECKER, BARTLEY CARSON
     HEALY, AND TANYA LLANES-TARVER, Civil Action No. 2:97CV-0669G (USDC UT).

          On October 6, 1997, the Honorable J. Thomas Greene, U.S. District
     Court Judge, entered a Preliminary Injunction against Cihaco International,
     Inc. ("Cihaco"); Hartmut Haussecker ("Haussecker"); Bartley Carson Healy
     ("Healy") and Tanya Llanes-Tarver ("Llanes-Tarver") prohibiting them from
     selling unregistered securities or making misrepresentations regarding the
     sale of securities.

          The Judge also issued an order freezing Healy's assets and an order
     appointing Thomas J. O'Neal as a receiver for the purpose of liquidating
     Haussecker's assets previously frozen by the Court on August 27, 1997. 
     According to the pleadings filed by the Commission, those assets include a
     partially finished house on Table Rock Lake near Branson, Missouri.

          The Commission's Complaint, filed on August 27, 1997, alleged that
     from January 1993 through January 1997 Cihaco, Haussecker, Healy and
     Llanes-Tarver raised at least $18 million through the fraudulent sale of
     unregistered securities from over 500 investors in a number of states
     including Utah, Idaho, Oregon, Missouri, and California.  The securities
     involved were interests in investment pools to be managed by Haussecker,
     who was to invest in stocks, currencies, and other financial instruments
     with projected returns of from 17 percent to 60 percent per month.  It was
     alleged that instead of investing the funds, the vast majority of such
     funds were spent by Haussecker to support his lavish lifestyle, and that
     Haussecker used investor funds to purchase items such as automobiles and
     jewelry for certain individuals who were named as relief defendants in the
     Complaint.
     (LR-15466)


















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