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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Litigation Release No. 15161 / November 20, 1996

Securities and Exchange Commission v. Philip S. Sindler, Civil
Action No. CV-S-96-1035-PMP (D. Nev.)

     The Securities and Exchange Commission ("Commission")
announced that on November 18, 1996, Philip S. Sindler
("Sindler") was permanently enjoined by consent from future
violations of Section 17(a) of the Securities Act of 1933,
Section 10(b) of the Securities Exchange Act of 1934 and Rule
10b-5 thereunder.  The cited sections and Rule 10b-5 contain the
general antifraud provisions pertaining to the offer, purchase
and sale of securities.

     The Complaint, filed November 5, 1996, alleges that in 1988,
Sindler, while associated with Hamilton Williams & Co., a now
defunct broker-dealer, participated in a scheme to defraud in
connection with the offer and sale of Triste Corporation
("Triste") securities, which involved a penny stock "box job"
using the securities of a blind pool corporation and manipulating
the price of subsequent sales of those securities.  Sindler was
joined by former Las Vegas, Nevada city attorney Carl E. Lovell,
Jr. in the implementation of the scheme to defraud.  Sindler
purchased the entire public float of Triste stock from Lovell
through 38 separate brokerage accounts controlled by Sindler at
now-defunct Adams Securities, Inc.  The securities were traded at
a prearranged price designed to yield a fifty percent profit for
Lovell.  Sindler then merged Triste into Omni USA, Inc. and sold
Omni USA securities to public investors at substantially inflated
prices.