UNITED STATES SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 18279 \ August 8, 2003

UNITED STATES v. CONRAD DIAZ, Crim. No. SA-03-183 (USDC CD Cal)

The Commission announced that on August 6, 2003 Conrad Diaz ("Diaz") was indicted on two counts of making false statements to the Commission in a Form 10-QSB filed by Tradamax Group, Inc., formerly of Newport Beach, California. The indictment was based upon the facts in the Commission's civil action against Tradamax, its control person, Pattinson Hayton ("Hayton"), and Diaz. Diaz was formerly the chief financial officer of Tradamax.

The Commission's complaint alleged that Hayton, Tradamax and Diaz made numerous fraudulent public statements regarding: (1) the control of Tradamax by Pattinson Hayton, a recidivist securities law violator; (2) the identity of Tradamax's chief executive officer; and (3) the company's business. On August 9, 2002, the Honorable Gary L. Taylor, United States District Judge, entered final judgments of permanent injunction, by consent, against Tradamax and Diaz. Subsequently, Judge Taylor entered a final judgment of permanent injunction by default against Pattinson Hayton.

For more information, see Litigation Release Nos. 17873 (December 3, 2002), 17677 (August 13, 2002), 17046 (June 21, 2001) and 17061 (July 5, 2001).

http://www.sec.gov/litigation/litreleases/lr18279.htm