The Strategies Group, Inc. and Stuart A. Slonin

Litigation Release No. 17681 / August 15, 2002

SEC FILES ACTION FOR SECURITIES FRAUD
AGAINST FLORIDA COMPANY AND STUART A. SLONIN

Securities and Exchange Commission v. The Strategies Group, Inc. and Stuart A. Slonin, Case No. 02-60932-CIV-HUCK(S.D.Fla.) (complaint filed July 9, 2002)

The Securities and Exchange Commission (SEC) announced today that it filed an action for securities fraud against the The Strategies Group, Inc. (TSG) and TSG's sole principal, Stuart A. Slonin.

The SEC alleges in its complaint that from at least July 2000 through October 2001, Slonin and TSG offered "prime bank instruments" to attendees at insurance seminars that Slonin conducted. Slonin misrepresented that the investments were risk free and would provide returns of 15-50%. In fact, according to the complaint, the investments do not exist.

The Commission seeks permanent injunctions against TSG and Slonin enjoining further violations of Section 17(a) of the Securities Act of 1933 ("Securities Act") and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder, and civil money penalties.