Virtual, a Nevada Corporation was purportedly formed to finance, own and operate a virtual casino web page based in St. Kitts, Nevis, West Indies. Gaming was purportedly a Nevis corporation professional casino partnership management company, formed to control the business of Virtual.

In its Order, the Commission directed the respondents and affiliates to make no further solicitations or sales of the Units in Pennsylvania. The Commission found that, in connection with offering the Units for sale in Pennsylvania, Rankins said that Virtual is structured as a general partnership to avoid filing with securities regulators and that qualification for investment in the Units was based on a commitment to vote to change the structure of Virtual from a general partnership to a limited liability company. He urged the use of an off-shore account in a fictitious name to reduce reportable taxable income.

The Virtual Units are securities which are not registered with the Commission and no exemptions from registration are applicable under the Pennsylvania Securities Act of 1972. The Commission found that Virtual is the issuer of the Units, that Gaming and Titley acted as affiliates of Virtual, that Coastal acted as a broker-dealer by offering and selling the Units, that Rankins was an agent of Coastal and that no registrations with the Commission were in effect for these entities or individuals

Any further solicitations or sales made by these respondents in Pennsylvania will constitute further violations of the 1972 Act. Any person who is solicited by or has information about these companies and individuals is asked to immediately notify the Pennsylvania Securities Commission by calling 800-600-0007, or, in the Harrisburg area: (717) 787-8062, in Pittsburgh: (412) 565-5083 or in Philadelphia: (215) 560-2088.