U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 17222 / November 5, 2001

   SECURITIES AND EXCHANGE COMMISSION V. CONCORD CAPITAL ENTERPRISE, DBA
   CONCORD CAPITAL INC. AND CONCORD CAPITAL ENTERPRISES INC., SCOTT
   YOSHIZUMI, ANN TA, AND DIONISIA PAPPAS Civil Action No. SA CV 00-1131
   AHS (EEX) (C.D. Cal.)

   The Securities and Exchange Commission ("Commission") today announced
   that on October 29, 2001, a Final Judgment was entered against
   defendant Scott Yoshizumi ("Yoshizumi") by default. Yoshizumi was
   permanently enjoined from violating Section 17(a) of the Securities
   Act of 1933 and Section 10(b) of the Exchange Act of 1934 and Rule
   10b-5 thereunder, the antifraud provisions of the federal securities
   laws. Yoshizumi was also ordered to disgorge $15,068,300 in ill-gotten
   gains, to pay prejudgment interest thereon in the amount of
   $834,457.68, and to pay a civil penalty of $110,000.

   The judgment obtained against Yoshizumi concludes the Commission's
   litigation in this matter. The Court previously allowed
   Court-appointed Receiver James Donell to consent to judgment on behalf
   of Concord Capital Enterprise ("Concord"). On May 22, 2001, a final
   judgment was entered against Concord permanently enjoining it from
   violating the antifraud provisions of the federal securities laws. On
   May 22, 2001, the Court also ordered Judgments of Disgorgement of
   Certain Assets against relief defendants Ann Ta ("Ta") and Dionisia
   Pappas ("Pappas"). Ta was ordered to disgorge a BMW automobile and a
   Fullerton home purchased for $1.3 million and Pappas was ordered to
   disgorge two Mercedes Benz automobiles.

   The Commission's Complaint alleges that from November 1999 to November
   2000, Concord and Yoshizumi engaged in a fraudulent scheme involving
   an investment in a Bank Debenture Program. The Complaint further
   alleges that the offering documents distributed by the defendants and
   their agents represented that client funds would be used solely for
   participating in the Bank Debenture Program with the "top 200 world
   banks" and that investors will receive two or four percent profit per
   month. Investors were further told that their funds would be placed in
   a "special account" until sufficient funds were accumulated to enter
   into the program. In fact, the Bank Debenture Program was a fraudulent
   investment scheme and investor funds were commingled into several
   Concord accounts and immediately withdrawn for various business
   expenses and personal uses including the purchase of a $1.3 million
   Fullerton home for Ta and the Mercedes Benz automobiles for Pappas.
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Modified 11/06/2001