April 22, 2005 Mail Stop 0409 Mr. Anthony S. Conigliaro Chief Financial Officer CNE Group, Inc. 200 West 57th St., Suite 507 New York, NY 10019 RE:	CNE Group, Inc. 	Form 8-K filed April 11, 2005 File No. 1-09224 Dear Mr. Conigliaro: We have reviewed your filing and have the following comments. Where indicated, we think you should revise your document in response to these comments. If you disagree, we will consider your explanation as to why our comment is inapplicable or a revision is unnecessary. Please be as detailed as necessary in your explanation. In some of our comments, we may ask you to provide us with supplemental information so we may better understand your disclosure. After reviewing this information, we may or may not raise additional comments. 	Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comments or on any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter. 1. We note your disclosure within Item 4.01 that you dismissed your former auditor, Rosen Seymour Shapss Martin & Company LLP, on April 6, 2005. We also note that in the accountant`s letter filed under exhibit 16.1, your auditor states that they notified you on April 5, 2005 that "it would not be possible for us to complete the annual audit." In a supplemental response, please clarify whether your former auditors, Rosen Seymour Shapss Martin & Company LLP, were dismissed by you or they resigned. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filings reviewed by the staff to be certain that they have provided all information investors require. Since the company and its management are in possession of all facts relating to a company`s disclosure, they are responsible for the accuracy and adequacy of the disclosures they have made. In connection with responding to our comments, please provide, in writing, a statement from the company acknowledging that * the company is responsible for the adequacy and accuracy of the disclosure in the filings; * staff comments or changes to disclosure in response to staff comments in the filings reviewed by the staff do not foreclose the Commission from taking any action with respect to the filing; and * the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. In addition, please be advised that the Division of Enforcement has access to all information you provide to the staff of the Division of Corporation Finance in our review of your filing or in response to our comments on your filing. Please provide the supplemental information requested above within 10 business days from the date of this letter. The supplemental information should be filed as correspondence on EDGAR. The amendment requested should be filed as promptly as possible and should be reviewed by the former accountants. The letter required by Exhibit 16 should cover any revised disclosures. Any questions regarding the above should be directed to me at (202) 942-1905. 						Sincerely, 						Matthew Maulbeck 						Staff Accountant ?? ?? ?? ?? CNE Group, Inc. April 22, 2005 Page 1