Commodities conman extraordinaire Aluan Abrahams, alias James A. Carr, took in $27-million from thousands of investors, but used only about $8 million to buy futures options for his customers, according to the first report from the court-appointed receiver in control of Carr's books.

The receiver's report also notes that Abraham's company, Lloyd Carr & Co., has approximately $1.7 million in deposits in two Bermuda Banks, and $131,000 on deposit in U.S. banks.

But there is more money in banks in other foreign countries, according to receiver Walter H. McLaughlin, a former Boston judge.

He would not reveal how much, or in which countries because, according to his associate Sandra Steele, "we don't want to tip Abrahams off, and have his lawyers putt it out before we can get at it."

Steele also said that Pan-Atlantic Ltd., a Bermuda brokerage Carr dealt with, has made about $800,000 for the receiver since February by exercising several pending London options that had been purchased by Lloyd Carr.

Since the options were not purchased in the names of investers, but merely for a Lloyd Carr numbered account, the profits acrue to the receiver, who has total control over the firms assets.

Abrahams was captured with his family in a Florida resort shortly after he jumped $100,000 bail after being arrested in Boston, where Lloyd Carr was headquartered. There were offices in ten other cities across the country.

On Thursday, the 52-year-old was sentenced to 2 1/2 years in jail and fined $10,000 by a federal judge in New York for parole violation there.

But that resolved only the first of several charges he faces in New Jersey, Massachusetts and Michigan.His trial over the past several years took him from coast to coast and into several foreign countries. He has jumped bail on several occasion. In all, he has been arrested nine times, and he has escpaed from a prison farm once.

Prior to sentencing on Thursday, Abrahams was called a "fraud, a conartist, a fake and an out-and-out crook who caused suffering to others, and a danger to the community," by prosecutor Daniel Beller.

According to the receiver's report, "It would appear that many options were sold at two and three times in excess of what the premium would be had said options been purchased on the open market at the prevailing market price."

Abrahams was no licensed by the Commodity Futures Trading Commission to sell commodity future options in the U.S., but he was fighting a court battle challenging the fledgling agency's right to regulate him in his sale of controversial "London options."