Claims Fund for Investors
of Le Club Prive S.A.

December 2000

On August 24, 2000, the SEC was granted a temporary restraining order against Le Club Prive S. A. and others in connection with a fraudulent Internet pyramid scheme in which Le Prive disguised itself as an Internet investment club. The court also froze the assets of all of the defendants and relief defendants. For more information about the SEC's action, you can read Litigation Release No. 16665 (August 29, 2000).

The court also appointed Joseph J. Wielebinski as receiver to oversee the collection of assets. The receiver has set up a website for investors that includes information about the litigation and a form for electronically filing claims.

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