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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
TIGC ASSETS DEFENDANTS COMMISSION BANK ACCOUNTS BENSON GEOFFREY DISTRICT PRELIMINARY INJUNCTION RELIEF DEFENDANTS OFFERING SECURITIES EXCHANGE COMMISSION INFINITY GROUP COMPANY DALZELL FREEZE JUDGE SANVILLE UNITED STATES FUNDS CIVIL APPOINTMENT TRUSTEE BRODY COMPLAINT ALLEGES FRAUDULENT OFFERING MATERIALS INSTRUMENTS TESTIMONY |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 15477 / September 5, 1997
U.S. Securities and Exchange Commission v. The Infinity Group
Company,
Geoffrey P. Benson and Geoffrey J. O'Connor, et. al.
United States District Court for the Eastern District of
Pennsylvania,
Civil Action No. 97-CV-5458)
On September 4, 1997, the Honorable Stewart Dalzell entered an
Order
of Preliminary Injunction, Appointment of a Trustee, Freeze of Assets
and
Other Relief ("Order") against defendants The Infinity Group Company
("TIGC"), Geoffrey P. Benson ("Benson") and Geoffrey J. O'Connor
("O'Connor"). The Order was entered following a two day hearing
before
Judge Dalzell in United States District Court for the Eastern District
of
Pennsylvania. The U.S. Securities and Exchange Commission
("Commission")
instituted the civil injunctive action on August 27, 1997. On that
same
date, the Honorable Anita B. Brody granted the Commission's motion for
a
temporary restraining order. She also granted a freeze of assets
against
the defendants as well as six relief defendants.
In addition to entering the preliminary injunction, Judge
Dalzell
continued the freeze of assets ordered by Judge Brody. Pursuant to
the
Order, he also appointed Robert F. Sanville, C.P.A., Sanville &
Company, as
trustee for the assets of TIGC, and required the defendants and
relief
defendants to repatriate all funds and assets held in off-shore bank
accounts to Sanville. A trial date of November 20, 1997 has been
scheduled.
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