SECURITIES AND EXCHANGE COMMISSION
     Washington, D.C.

     LITIGATION RELEASE NO.  15775  / June 5, 1998

     SECURITIES AND EXCHANGE COMMISSION v. DANIEL T. TODT, et. al., 98 Civ.
3980
     (JGK) (SDNY) (June 5, 1998)

          The Commission today filed a complaint and obtained emergency
     injunctive relief in an action involving the offer and attempt to sell
     forged and fictitious securities.  Judge Koeltl of the U.S. District
Court
     for the Southern District of New York issued a temporary restraining
order
     and other relief against Daniel T. Todt ( Todt ), Rebecca L. Todt
(Rebecca
     Todt ), Bay State Trust, Inge Marilyn Perry ( Perry ), Shmmuel
Emmanuel
     Abijah Quijano (a/k/a HRH Shmmuel Abijah, a/k/a Sergio Arcineagas)
     ( Abijah ), Neal Harris ( Harris ), ABE Investments Group, Inc. ( ABE )
and
     Jorge Bryson ( Bryson ).  H. Wayne Leggett ( Leggett ) is also named as
a
     defendant in the action for an injunction, but was not included in the
     Commission s motion for a temporary restraining order.  The Commission
     alleged in its complaint that since at least March 1997, the
defendants
     have been engaging in a scheme to obtain money through the offer of
     fraudulent securities in violation of the antifraud provisions of the
     federal securities laws.

          The Commission alleged in its complaint that the defendants have
been
     engaged in continuing offers and attempts to sell at least one
fraudulent
     bank certificate being represented as issued by the Bank of Tokyo-
     Mitsubishi, Ltd. ( Mitsubishi Certificate ).  In fact, the complaint
     alleges that the Mitsubishi Certificate is a sham document.
Defendants