800America.com

Company:	800America.com
Ticker Symbol:	OTC:ACCO
Class Period:	October January 17, 2001 to November 13, 2002
Court:	Southern District, NY
Date Filed:	Dec-09-02
Allegations:

The complaint alleges that 800America.com engaged in a massive, multifaceted scheme to artificially inflate the value of its stock by "cooking" its books and records, and by issuing public filings that grossly distorted the Company's true state of affairs.

The Complaint alleges tha, defendants engaged in fraudulent actions which included, among other things:

1. reporting millions of dollars in fictitious earnings, revenues, expenses and assets, creating phony bank statements, checks, invoices and a general ledger, which they supplied to 800America's auditor;
   
   
2. the misappropriation and looting of substantial assets of the Company by defendants David Elie Rabi and Tillie Ruth Steeples through transfers of funds from 800America accounts to accounts controlled by Rabi and/or Staples;
   
   
3. the issuance of a press release falsely denying Rabi's criminal past and failing to disclose that Steeples was a control person of the Company; and
   
   
4. the filing of a 10-KSB which listed as officers and/or directors or "significant employees" several individuals who had either left the Company or could not be located by the Company.

If you feel you qualify for damages or remedies that might be awarded in a 800America class action please fill in our form on the right to submit your complaint.

If your injustice does not match the complaint described above, please use this form to register your complaint. Thank you.