The Infinity Group Company

On August 27, 1997, the SEC obtained temporary restraining orders and/or asset freezes against The Infinity Group Company (TIGC), its principals, Geoffrey Benson and Geoffrey O'Connor, and other defendants in connection with a Ponzi scheme. The SEC alleged that the defendants fraudulently raised about $28 million from approximately 6,500 investors nationwide to invest purportedly in so-called "Prime Bank" instruments. The U.S. Attorney's Office for the Northern District of Ohio in Cleveland indicted Benson, O'Connor, and Benson's wife on 21 criminal counts. On March 15, 2001, they were found guilty of all counts and are presently in federal prison.

The Court appointed Robert F. Sanville as Trustee. To date, the Trustee has distributed almost $11 million or approximately 55% of the valid claims from investors. In addition, the U.S. Attorney's office in Tampa, Florida has seized approximately $2 million of cash and property from individuals who ran a criminal operation called First Equity Resources. The TIGC invested $1.5 million in this entity. The Trustee has filed a claim and expects to receive about $1 million of the money seized, after which he will make a third and final distribution.

If you have a question, you can leave a message for the Trustee at (215) 885-7930.

http://www.sec.gov/divisions/enforce/claims/infinity.htm