SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

Litigation Release No. 17355 / February 6, 2002

   SECURITIES AND EXCHANGE COMMISSION v. GARY L. MOODY, STEVEN R. MOODY,
   VIRTUAL PRIVATE MARKETPLACE, LTD., AND BILLPAY SYSTEMS LLCCivil Action
   No. 2 02CV-0110B (D. Utah)(filed February 6, 2002).

     SEC OBTAINS EMERGENCY RELIEF TO STOP FRAUDULENT INVESTMENT SCHEME

   On February 6, 2002, the Securities and Exchange Commission filed an
   emergency enforcement action in the United States District Court for
   the District of Utah, Central Division and obtained a temporary
   restraining order prohibiting defendants Gary L. Moody, Steven R.
   Moody, Virtual Private Marketplace, Ltd., and Billpay Systems LLC from
   engaging in the fraudulent offer and sale of securities.

   The Commission's complaint alleges that, beginning in 2001, Gary Moody
   and his brother Steven Moody, lured investors to send their money to
   Virtual Private Marketplace, Ltd. and Billpay Systems LLC by promising
   them astronomical investment returns in a short time to be paid out in
   coupons that could be used at various retail stores. Defendants have
   raised over $500,000 by falsely claiming that the Moodys were
   experienced businessmen, had raised a billion dollars, and that Gary
   Moody was soon to receive four doctorate degrees from Harvard
   University. In fact, Gary Moody is a convicted felon and Steven Moody
   filed for personal bankruptcy in 2000. In addition, there is no
   evidence that the investors' funds have been placed in income
   generating investments. Instead, investors' funds have been placed in
   bank accounts controlled by the Moodys and investors are currently
   being paid their alleged returns with checks that have bounced, while
   others have received just a fraction of their original investment.

   In addition to temporary restraining orders prohibiting further
   violations of the antifraud provisions of the federal securities laws,
   the Court ordered an asset freeze, expedited discovery, an accounting,
   and other interim relief. The Commission also seeks the following
   permanent relief (i) permanent injunctions against future violations
   of Sections 5(a), (c), and 17(a) of the Securities Act of 1933, and
   Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
   thereunder, and; (ii) disgorgement and prejudgment interest; and (iii)
   the imposition of civil money penalties.

   In February 1999, the Commission obtained a default judgment against
   Gary Moody arising out of a prime bank fraud and he was permanently
   enjoined from violating the antifraud provisions of the federal
   securities laws. , Civil Action No. 97-CIV-9359 (S.D.N.Y.)(LBS). In