U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 19184 / April 14, 2005

SECURITIES AND EXCHANGE COMMISSION v. AMERICAN FINANCIAL GROUP OF AVENTURA, INC., DAVID H. SIEGEL AND EDWARD M. CHISM, SR., Case No. 02-22198-CIV-MARTINEZ

FINAL JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DAVID SIEGEL

The Securities and Exchange Commission announced that on March 28, 2005, the United States District Court for the Southern District of Florida entered a Final Judgment of Permanent Injunction and Other Relief against Defendant, David Siegel. The Final Judgment, entered with Siegel's consent, enjoins him from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Judgment also bars Siegel from acting as an officer or director of any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act. In addition to injunctive relief, the Final Judgment orders Siegel to pay disgorgement in the amount of $2,843,738, plus prejudgment interest in the amount of $323,422 and a civil penalty in the amount of $120,000. Also, on April 4, 2005, the SEC filed a Notice of Voluntary Dismissal with Prejudice as to relief defendant American Wealth Management of Aventura, Inc. because it is no longer operating and it is under the control of the court- appointed Receiver, who will distribute its assets to investors.

For additional information, see Litigation Releases No. 17638 (July 30, 2002) and No. 18192 (June 16, 2003).

http://www.sec.gov/litigation/litreleases/lr19184.htm