On February 12, 2001 before Judge Bert Richardson of the 379th Criminal District Court of Bexar County, Texas, Bradley J. Farley entered a no contest plea to Misapplication of Fiduciary Property and selling unregistered securities in cause number 2000-CR-3149. The case stemmed from the sale of interests in a program known as ABBA Funding, which was an alleged certificate of deposit related fraud. Sentencing will occur in approximately 90 days. The case resulted from an investigation conducted by the Texas Securities Board and the Bexar County District Attorneys Office. In addition to the criminal action, a receivership and injunctive action was filed at the request of the Texas Securities Commissioner through the Office of the Texas Attorney General. That matter is pending in the 166th Judicial District Court, Bexar County, Texas, Cause Number 2000-CI-02173.