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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Litigation Release No. 14884 / April 19, 1996

Securities & Exchange Commission v. Future Vision Direct
Marketing, Inc., et al.
(United States District Court for the District of New Jersey,
Civil Action No. 94-4806)

     The Securities and Exchange Commission announced that on
April 10, 1996, the  Honorable Nicholas H. Politan of the United
States District Court for the District of New Jersey entered a
Default Judgment against defendants Future Vision Direct
Marketing, Inc. ("Future Vision"), Global Wireless, L.L.C.
("Global"), Worldwide Wireless L.L.C. ("Worldwide"), Caracas
Wireless Communication, L.P. ("Caracas LP"), Global
Communications Holding Corp. and S & G Management, Inc. ("S &
G").  The Default Judgment permanently enjoins the six defendants
from future violations of the anti-fraud provisions of the
federal securities laws, Section 17(a) of the Securities Act of
1933 ("Securities Act") and Section 10(b) of the Securities
Exchange Act of 1934 ("Exchange Act"), and Rule 10b-5 thereunder;
permanently enjoins Future Vision, Global, Worldwide and Caracas
LP from violations of the registration provisions of the federal
securities laws, Sections 5(a) and 5(c) of the Securities Act;
permanently enjoins Future Vision from future violations of the
broker-dealer registration provisions of Section 15 of the
Exchange Act; and orders the six defendants to disgorge, jointly
and severally, $ 3.3 million plus pre-judgment interest.  

     This action was filed as an emergency matter on October 3,
1994.  The Commission's complaint named the six defendants
identified above  and four individual defendants: Bruce
Schroeder, Joseph Glenski, James Barschow and Philip Forma,
alleging they were participants in an ongoing fraudulent scheme
involving the sale of unregistered securities in the form of
"membership interests" in Global and Worldwide, so-called limited
liability companies formed to fund wireless cable television
operations in Venezuela.  The Commission alleged that the
defendants had sold, through Future Vision, approximately $3
million of these "membership interests."  The Commission also
alleged that the defendants had fraudulently sold approximately
$300,000 in limited partnership interests in Caracas LP for the
same purpose.

     The Commission alleged that the offering materials provided
to investors failed to disclose material information concerning,
among other things: the individual defendants' primary role in
the offerings; excessive compensation and commissions paid to the
individual defendants and the entities they controlled; the
individual defendants' significant financial interest in the
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offerings; and, the existence of prior criminal and/or civil
fraud actions against the individual defendants and S & G.  The

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Commission also alleged that Future Vision, S & G, and the four
individual defendants misappropriated investor funds from the
offerings.

     On October 3, 1994, on the same date the action was filed,
Judge Politan entered an order temporarily restraining the
defendants from future violations of the charged provisions, and
freezing their assets. (For further information, see Commission
Litigation Release Number 14287).  On January 12, 1995, Judge
Politan entered a preliminary injunction against the defendants
pursuant to their consent (see, Commission Litigation Release
Number 14384).  The Commission is still in litigation with the
four remaining individual defendants.