UNITED STATES SECURITIES AND EXCHANGE COMMISSION


          Litigation Release No.  16143 / May 13, 1999

          SECURITIES AND EXCHANGE COMMISSION  v. MARSHALL NEIL CRAIG
          RONALD, RUDOLF ALEXANDER VICTOR LINSCHOTEN A/K/A RUDOLF VAN LIN
          OR DR. RUDOLF VAN LIN, AND FRIEDA G. FREITAS, Civil Action No.
          98-866 AHS (EEx) (C.D. Cal.).

               The Securities and Exchange Commission announced today that
          the United States District Court for the Central District of
          California entered a Final Judgment of Permanent Injunction and
          Other Relief ("Final Judgment") against defendants Marshall Neil
          Craig Ronald ("Ronald") and Rudolf Alexander Victor Linschoten
          ("Linschoten") for their involvement in an illegal "prime bank
          note" scheme.  On May 10, 1999,  the Court granted the
          Commission’s application for default judgments against Ronald and
          Linschoten and ordered them to repay $5,781,167.84 in
          disgorgement, plus prejudgment interest.  They were also enjoined
          from violating the registration and anti-fraud provisions of the
          federal securities laws, namely Sections 5(a) and 5(c) and 17(a)
          of the Securities Act of 1933 and Section 10(b) of the Securities
          Exchange Act of 1934 and Rule 10b-5 thereunder.

               The Commission’s lawsuit was filed in Los Angeles on
          September 16, 1998, and alleged that the defendants engaged in
          the fraudulent offer and sale of unregistered securities through
          Sabre Asset Management Corporation in connection with a
          fictitious "bank trading" program. From December 1996 through
          October 1997, the defendants raised over $6 million from
          approximately 170 investors.  The complaint alleged that Ronald
          and Linschoten told investors that their funds would be used for
          a secret "bank  trading" program and guaranteed a 100% return
          within 90 "banking days" in a "risk free" investment.  In fact,
          there  was no bank trading program; Ronald used investor funds to
          purchase cars, guns, residential property, and to pay credit card
          and hotel bills.  Investor funds were also transferred to
          Linschoten’s Swiss bank account.

               These type of frauds are commonly referred to as "prime
          bank" schemes and have been the subject of repeated warnings by
          several federal agencies, including the Commission, the Board of
          Governors of the Federal Reserve System, the Federal Deposit
          Insurance Corporation, the Office of Comptroller of the Currency,
          the Office of Thrift Supervision and the National Credit Union
          Administration.










          Defendant Ronald resides in England and Linschoten resides in
          Orange County,
          California.  The investors reside in various states including
          California, Utah, Arizona, Nevada, Washington, Oregon, Hawaii,
          New York and New Jersey.