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               SECURITIES AND EXCHANGE COMMISSION 
                         Washington, D.C.

Litigation Release No. 15179 / December 9, 1996

SECURITIES AND EXCHANGE COMMISSION v. THOMAS S. MACKIE, JR.,
PETER M. STANLEY AND ANDREW S. FINK,, United States District
Court for the Eastern District of New York, Civil Action No. 95-
4852 (JS).

     The Securities and Exchange Commission announced today that
on November 27, 1996, the Honorable Joanna Seybert, United States
District Judge, entered a Default Judgment against defendant
Thomas S. Mackie, Jr.  The Judgment (i) permanently restrains and
enjoins Mackie from violating the anti-fraud provisions of the
federal securities laws as well as provisions prohibiting the
sale of unregistered securities; and (ii) orders Mackie to pay a
civil penalty of $100,000 as a result of his violations of
Sections 5 and 17(a) of the Securities Act of 1933 and Section
10(b) of the Securities Exchange Act of 1934.  

     Judgment was entered against Mackie due to his failure to
contest the Commission's Complaint which alleged the following:

     In the period from late 1991 through late 1992, Mackie
fraudulently obtained securities from three different entities:
(1) the Bank of Keetoowah, a bank located in Oklahoma, (2) Sigma
Alpha Entertainment Group, Ltd., a Philadelphia-based record
company and (3) Command Credit Corporation, a financial services
company located in Rockville Center, New York.  In each case,
Mackie acquired the securities by falsely stating that he
represented a Liechtenstein trust named Stirling Trust and by
misrepresenting the size of the trust's assets and, accordingly,
his ability to pay for the securities.  In addition to numerous
false statements and omissions, Mackie's fraudulent activity
included the creation and use of false and misleading financial
statements for Stirling Trust and the use of a forged certificate
of deposit and falsified account statements. (See Litigation
Release No. 14732).

     Mackie is currently serving a sentence of more than 11 years
in federal prison.  That sentence was imposed earlier this year
in a case prosecuted by the United States Attorney for the
Eastern District of Louisiana and was based, in part, on Mackie's
fraud on Command Credit Corporation.  Defendant Andrew S. Fink
settled the Commission's case against him at the time the
Complaint was filed.  The Commission is actively pursuing its
case against defendant Peter M. Stanley.  The Complaint alleges
that Stanley participated in Mackie's fraud on Command Credit by,
among other things, misrepresenting Mackie's relationship with
Stirling Trust and the size of the trust's assets.