SECURITIES AND EXCHANGE COMMISSION
     Washington, D.C.

     LITIGATION RELEASE NO. 15771 /  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 requested emergency
     injunctive relief in an action involving the offer and attempt to sell
     forged and fictitious securities.  The complaint, filed in the U.S
District
     Court for the Southern District of New York, seeks an injunction and
other
     relief against Daniel T. Todt ( Todt ), Rebecca L. Todt (Rebecca Todt
),
     Bay State Trust, Inge Marilyn Perry ( Perry ), H. Wayne Leggett
     ( Leggett ), 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 ). 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
     Todt, Rebecca Todt, Bay State Trust, Perry, Leggett, Abijah, Harris,
ABE
     and Bryson are all alleged to be part of a fraudulent scheme to use