The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading of the securities of Conversion Solutions Holdings Corp. (“Conversion”), of Kennesaw, Georgia at 9:30 a.m. EDT on October 24, 2006, and terminating at 11:59 p.m. EST on November 6, 2006. Conversion’s stock trades in the over-the-counter market under the symbol “CSHD”.

The Commission temporarily suspended trading in the securities of Conversion because of questions that have been raised about the accuracy and adequacy of press releases and public filings with the Commission concerning, among other things, the company’s purported ownership and control of two bond issuances, in the face amounts of €5 billion and $500 million, issued by the Republic of Venezuela, and the company’s purported contractual relationship with Deutsche Bank.

The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.

Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Market Regulation, Office of Interpretation and Guidance, at (202) 551-5760. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Conversion’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.

If any broker, dealer or other person has any information which may relate to this matter, the Atlanta District Office of the Securities and Exchange Commission should be telephoned at (404) 842-7675.

DENVER – LAWFUEL – Law News, Law Jobs – Troy A. Eid, U.S. Attorney for the District of Colorado, announced today that U.S. District Court Judge Robert E. Blackburn for the District of Colorado found the promoter of a fraudulent tax avoidance program, Austin Gary Cooper, formerly of Fort Collins, Colorado, guilty of criminal contempt. Judge Blackburn sentenced Austin Gary Cooper to six months of imprisonment following his conviction.

Austin Gary Cooper and his wife, Martha E. Cooper, had been charged with one count of criminal contempt, for violating a permanent injunction order related to their sale and promotion of the fraudulent tax avoidance program in May of 2006. Martha E. Cooper failed to appear for her initial appearance and remains a fugitive from Justice.

The evidence at trial showed that on November 19, 2003, Chief U.S. District Court Judge Lewis T. Babcock in Denver, CO, ordered the Coopers and their organization, Taking Back America, to stop promoting the tax avoidance program, to provide the United States with a complete customer list of the individuals who had purchased it, advise their clients of the injunction order, and post the order on the various websites controlled by the Coopers, including www.paral.org and www.tenfoundation.com.

Evidence at trial established that Austin Gary Cooper failed to comply with the injunction order. The government also introduced evidence that the Austin Gary Cooper was read the order in open court and that the U.S. District Court in Denver, CO gave Austin Gary Cooper repeated opportunities to comply with the permanent injunction order.

Evidence supporting the government’s injunction request established that the Coopers were promoting and selling a so-called expatriation/repatriation package that purported to exempt participants from the nation’s tax laws. The Coopers sold the package for up to $1,600 to as many as 2,000 individuals nationwide, according to papers filed by the Justice Department in the injunction case. The evidence also indicated that the Coopers knew that the expatriation/repatriation package they were selling would not exempt individuals from the nation’s tax laws as they fraudulently claimed. Information about the permanent injunction can be found at http://www.usdoj.gov/tax/txdv03301.htm , http://www.usdoj.gov/tax/txdv03361.htm , http://10.173.2.10/tax/txdv03641.htm and http://10.173.2.10/tax/txdv03601.htm

The case was investigated by Special Agent Anthony Romero of the Internal Revenue Service – Criminal Investigations. The case was prosecuted by Department of Justice Tax Division Trial Attorney Jed Dwyer.