UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 16961 / April 13, 2001

   SECURITIES AND EXCHANGE COMMISSION v. J&K GLOBAL MARKETING CORP. et
   al., Civil Action No. 01-JLK-0645 (USDC D. Colo.)

   The Commission announced today that it filed an action and obtained an
   emergency restraining order against J&K Global Marketing Corp. and its
   president, Kenneth R. Weare a/k/a Roy Weaver for operating a
   fraudulent investment scheme on the Internet. The complaint alleges
   that since at least November 1999, Weare has been promoting on his
   website the J&K Global investment program in which investors make an
   initial investment with expectations of at least a 600 percent yearly
   rate of return to be generated from "high yield ventures." According
   to the complaint, J&K Global and Weare made no such investments but
   used the funds from the over 13,000 investors to pay purported returns
   to other members and to pay his personal expenses. The temporary
   restraining order, entered on April 11 by Judge John L. Kane, Jr.
   enjoins J&K Global and Weare, a Lakewood, Colorado resident, from
   making false statements, freezes their assets, requires them to
   account for investor proceeds, and requires the repatriation of assets
   held outside the United States. The order also freezes the funds of
   AAA-Auction.com, Inc., a company used by Weare for a previous
   fraudulent offering.

   According to the complaint, from at least November 1999 to the
   present, J&K Global has offered memberships in an investment program
   through an Internet website and in postings to Internet bulletin
   boards. The complaint alleges that J&K Global claims that by making an
   initial investment of $375, after six months investors will receive
   $375 a month for six months and have the ability to continue receiving
   returns the following year with another investment. Additionally
   according to the complaint, Weare falsely claims he has established a
   bank in Grenada in which all investors are or will become
   shareholders. Bank records reveal that J&K Global raised at least $6.4
   million. Weare claims that money obtained is invested in high-yield
   ventures. The Commission alleges that the J&K Global program is a
   Ponzi scheme in which money from new investors is used to make
   payments to prior investors. The complaint alleges that no investments
   were made in high-yield ventures but that Weare used investor money
   for his personal expenses such as clothing, limousine services and
   medical expenses.

   The complaint further alleged that Weare also fraudulently raised
   money for AAA-Auction, which operated an Internet auction site in 1998
   and 1999. According to the complaint, Weare raised at least $415,000
   from 35 AAA-Auction investors by misrepresenting that their money