SECURITIES AND EXCHANGE COMMISSION

   Litigation Release No. 16934 / March 16, 2001

   SECURITIES AND EXCHANGE COMMISSION v. LEWIS ALLEN RIVLIN, EDWIN EARL
   HULING III, AND ALFRED HUASCAR VELARDE, AS DEFENDANTS; AND Z-FINANCE,
   S.A., ANTHONY P. ZIOUDAS, HEDLEY FINANCE LTD., CHRISTIAN DANTE, AND
   CHRYSANTHOS CHRYSOSTOMOU, AS RELIEF DEFENDANTS, Civil Action No.
   99-1455 (RCL) (U.S. District Court for the District of Columbia)

   The Securities and Exchange Commission today announced that on March
   13, 2001, the Honorable Royce C. Lamberth of the United States
   District Court for the District of Columbia issued an Order Directing
   the Distribution of Disgorgement Proceeds ("Distribution Order") in an
   international prime bank fraud case involving Lewis A. Rivlin, a
   Washington D.C. attorney. The Distribution Order directs the Clerk of
   the Court to pay $873,000 to the Fundacion Perez Pallarez, an
   Ecuadorian charity for underprivileged girls, and a group of related
   individuals. This money was repatriated from a Greek bank account
   belonging to one of the relief defendants and represents a portion of
   the funds stolen from investors (see also Litigation Releases Nos.
   16,779 (Oct. 25, 2000); 16,593 (June 15, 2000); 16,389 (Dec. 13, 1999)
   and 16,179 (June 8, 1999)).
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Modified 03/30/2001