FOR IMMEDIATE RELEASE                                  2000-22

                Receiver Appointed in Mobley Case
                                
     Washington, DC, March, 3, 2000 -- Today the Commission
announced that the United States District Court has appointed
Otto G. Obermaier, a partner at the law firm of Weil, Gotshal &
Manges LLP in New York City, as the receiver for David M. Mobley,
Sr., Maricopa Investment Fund, Ltd., and the other defendants and
relief defendants.
     
     Under the Court's order, Mr. Obermaier is empowered to take
possession of all of the defendants' and relief defendants'
assets and to search for any hidden or undisclosed assets.  Mr.
Obermaier is required to prepare a report by May 31, 2000,
setting forth, among other things, the defendants' and relief
defendants' assets and liabilities; all funds and other assets
received by the defendants and relief defendants since September
1, 1992; and all funds and other assets disbursed by the
defendants and relief defendants since September 1, 1992.
     
     Mr. Obermaier will be assisted by two attorneys in his
firm's Miami office, Oscar Cantu and Debra Dandeneau.  Investors
or other interested parties should direct any questions to them
at Weil, Gotshal & Manges, 701 Brickell Avenue, Suite 2100,
Miami, Florida  33131, telephone (305) 577-3160, fax (305) 374-
7159.  Their e-mail addresses are oscar.cantu@weil.com and
debra.dandeneau@weil.com.

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Additional materials are available: 

* Questions and Answers on the David Mobley/Maricopa 
  Investment Funds Case:
    http://www.sec.gov/enforce/alerts/mobleyma.htm

* Litigation Release 16462:
    http://www.sec.gov/enforce/litigrel/lr16462.htm

* Litigation Release 16446:
    http://www.sec.gov/enforce/litigrel/lr16446.htm