UNITED STATES SECURITIES AND EXCHANGE COMMISSION
BOSTON, MASSACHUSETTS

Litigation Rel. No. 17957 / January 29, 2003

   Court Issues Permanent Injunction Against Attorney Mary Lee Capalbo in
   Connection with Fraudulent Offering Scheme

   The Commission announced that on January 27, 2003, a Rhode Island
   federal court entered a default judgment imposing a permanent
   injunction against Mary Lee Capalbo, a Rhode Island attorney who
   participated in a fraudulent offering scheme that raised at least $52
   million from investors. In addition to being permanently enjoined from
   future violations of the federal securities laws, Capalbo was ordered
   to pay over $19 million in disgorgement, prejudgment interest, and
   penalties.

   The Commission filed its action against Capalbo and eight other
   defendants and a relief defendant on April 1, 2002, alleging that
   individuals associated with an entity known as Brite Business
   Corporation made fraudulent representations to investors, promising
   exorbitant returns through a high yield trading program. According to
   the Commission's complaint, most of the Brite Business investor funds
   were maintained in a brokerage account at the Cranston, Rhode Island
   office of Raymond James Financial Services, where Capalbo's husband,
   Dennis Herula, worked as a broker. The complaint alleges that, between
   1999 and 2001, Capalbo, Herula and others associated with Brite
   Business misappropriated, transferred or lost approximately $20
   million in investor funds.

   On April 3, 2002, the federal court in Rhode Island entered a
   temporary restraining order and asset freeze against Capalbo, and on
   May 8, 2002, the court entered a written preliminary injunction
   against her. The court entered the final judgment by default against
   Capalbo on January 27, 2003, permanently enjoining her from future
   violations of the antifraud provisions of the federal securities laws
   (Section 17(a) of the Securities Act of 1933 and Section 10(b) of the
   Securities Exchange Act of 1934 and Rule 10b-5 thereunder). Capalbo
   was also ordered to pay disgorgement of $16,708,520.83, plus
   prejudgment interest of $2,583,581.31, for total disgorgement
   liability of $19,292,102.14. She was also assessed a $250,000 civil
   monetary penalty.

   In its memorandum and order, the court found that Capalbo used her
   status as an attorney to perpetrate fraud against investors. According
   to the court, Capalbo allowed her status as an attorney to be used to
   attract investor funds, lied to investors about the status of their
   funds, and then spent investor money on luxury items for herself, such