SECURITIES AND EXCHANGE COMMISSION
     Washington, D.C.

     LITIGATION RELEASE NO.  15775  / June 5, 1998

     SECURITIES AND EXCHANGE COMMISSION v. DANIEL T. TODT, et. al., 98 Civ. 3980
     (JGK) (SDNY) (June 5, 1998)

          The Commission today filed a complaint and obtained emergency
     injunctive relief in an action involving the offer and attempt to sell
     forged and fictitious securities.  Judge Koeltl of the U.S. District Court
     for the Southern District of New York issued a temporary restraining order
     and other relief against Daniel T. Todt ( Todt ), Rebecca L. Todt (Rebecca
     Todt ), Bay State Trust, Inge Marilyn Perry ( Perry ), Shmmuel Emmanuel
     Abijah Quijano (a/k/a HRH Shmmuel Abijah, a/k/a Sergio Arcineagas)
     ( Abijah ), Neal Harris ( Harris ), ABE Investments Group, Inc. ( ABE ) and
     Jorge Bryson ( Bryson ).  H. Wayne Leggett ( Leggett ) is also named as a
     defendant in the action for an injunction, but was not included in the
     Commission s motion for a temporary restraining order.  The Commission
     alleged in its complaint that since at least March 1997, the defendants
     have been engaging in a scheme to obtain money through the offer of
     fraudulent securities in violation of the antifraud provisions of the
     federal securities laws.

          The Commission alleged in its complaint that the defendants have been
     engaged in continuing offers and attempts to sell at least one fraudulent
     bank certificate being represented as issued by the Bank of Tokyo-
     Mitsubishi, Ltd. ( Mitsubishi Certificate ).  In fact, the complaint
     alleges that the Mitsubishi Certificate is a sham document.  Defendants
     Todt, Rebecca Todt, Bay State Trust, Perry, Leggett, Abijah, Harris, ABE
     and Bryson are all alleged to be part of a fraudulent scheme to use the
     Mitsubishi Certificate to obtain millions of dollars in payments for
     themselves, while invoking both  humanitarian  goals and the names of
      official  entities, ranging from the Federal Reserve Bank to the United
     Nations Security Council, in an effort to make their scheme appear
     legitimate.  The purported issuing bank for the Mitsubishi Certificate, as
     well as the FBI and the Federal Reserve, among others, have confirmed that
     the certificate is a worthless, sham document.  The defendants,
     nonetheless, are persisting in their efforts to negotiate the Mitsubishi
     Certificate.  Further, the Commission alleged that some of the defendants
     possess at least one additional bogus bank certificate which they intend to
     sell.

          To prevent the defendants from continuing to offer these and other
     securities and potentially selling them to investors, the Commission
     requested the relief granted by the District Court, including a temporary
     restraining order against Todt, Rebecca Todt, Bay State Trust, Perry,
     Abijah, Harris, ABE and Bryson and an order that the defendants tender the
     original fraudulent securities to the Registry of the Court.  In addition
     to the emergency relief granted today, the Commission seeks civil

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     injunctions and monetary penalties against the defendants for violations of
     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.


















































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