UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release 15557 / November 12, 1997               

     SECURITIES AND EXCHANGE COMMISSION V. JEROME C. PINCKNEY, RICHARD L.
     ARNOLD, DONALD E. ELDER, FERNANDO CRUZ, SHAUN K. R. MAXWELL, ANTHONY
     BUKOVICH AND SIX CAPITAL CORPORATION, Civil Action No. 7:95-CV-122-BR-1
     (E.D.N.C.)

          The Securities and Exchange Commission announced that on November 4,
     1997, the Honorable W. Earl Britt, United States District Judge for the
     Eastern District of North Carolina, entered an order of permanent
     injunction enjoining defendants Six Capital Corporation ("Six Capital") and
     Anthony Bukovich ("Bukovich"), president and controlling shareholder of Six
     Capital, from further violations of Section 17(a) of the Securities Act of
     1933 relating to prime bank fraud.  The decision followed a trial which
     commenced on October 20, 1997.

          The Commission's complaint, filed on August 23, 1995, alleged that
     Bukovich, Six Capital and others violated the antifraud statute by offering
     for sale investment contracts which were part of a prime bank scheme.  The
     Commission alleged and the Court found that Bukovich and Six Capital
     attempted to obtain funds from investors in two different schemes by
     misrepresenting or failing to disclose material facts in connection with
     the offering of fraudulent, nonexistent prime bank securities.  Among the
     misrepresentations made by Bukovich and Six Capital, the Court found that
     the defendants misrepresented to investors that the trading program
     involved trading in supposed "bank guarantees" issued by the top 15 banks
     in western Europe, that the investment in the bank guarantee program was a
     'clean, neat, safe, legitimate transaction', and that they had sold prime
     bank instruments in the past.  Bukovich and Six Capital, while investing
     nothing of their own, stood to receive 50% of the trading profits on each
     trade made.  For more information, see L.R. 14600, L.R. 15231, L.R.15287,
     L.R. 15358.



















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