SECURITIES AND EXCHANGE COMMISSION

   Litigation Release No. 16335 / October 15, 1999

   SEC v. Mark Drucker, and Michael Weinstock (Relief Defendant), 1
   99-CV-2687 (N.D. Ga.)

SEC Gets TRO, Asset Freeze To Stop Ongoing Ponzi Scheme
Operated by Atlanta Day-Trader

   The Commission announced today that it sought and obtained a temporary
   restraining order and asset freeze to halt an on-going Ponzi scheme
   operated by Mark Drucker ("Drucker"), a resident of Atlanta, Georgia.
   The Commission's complaint, which it filed in the United States
   District Court for the Northern District of Georgia, alleges that
   Drucker has raised millions of dollars from investors and lost
   hundreds of thousands of dollars by engaging in extensive day-trading.

   According to the Commission's complaint, Drucker violated Section
   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 alleges that from at least July 1998 through September
   1999, Drucker raised approximately $6.2 million from an estimated 80
   investors. Drucker solicits investors by representing that he is a
   successful day-trader and that investors will receive returns on their
   investment of 50%, or more, in two months or less. Drucker did not
   disclose to investors that he has consistently lost money trading
   stocks with the investors' money, that he lost in excess of $630,000
   trading in stocks in 1999, that he used the investment principal of
   recent investors to pay returns to earlier investors, and that he used
   money from investors to pay personal expenses, including hundreds of
   thousands of dollars to finance elaborate parties.

   The Commission's complaint also names Michael Weinstock, an Atlanta
   attorney, as a relief defendant who has been unjustly enriched through
   his participation in Drucker's scheme. Weinstock invested
   approximately $1,035,916 and received approximately $1,575,514 from
   Drucker.

   The Commission is also seeking preliminary and permanent injunctions
   based on violations of Section 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 also seeks the disgorgement of ill-gotten
   gains or unjust enrichment together with prejudgment interest from
   Drucker and the relief defendant, as well as an accounting by Drucker
   of his use of investors' funds.
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