UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

                          Date of Report: June 4, 2002

                   CONSOLIDATED CAPITAL OF NORTH AMERICA, INC.
             (Exact name of registrant as specified in its charter)

Colorado                              0-21821      93-0962072
(State or other jurisdiction       (Commission    (IRS Employer
of incorporation)                   File Number)  Identification No.)

               1530 16th Street, Suite 200, Denver, Colorado 80202
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (303) 446-5926


       (Former address, 410 17th Street, Suite 400 Denver, Colorado 80202)

Item 5. Other Events.  On June 4, 2002,  the  Registrant  received  service of a
Summons and  Complaint  naming it, as well as two former  officers and directors
and its current  Chairman of the Board of Directors,  as defendants in an action
filed in the United  States  District  Court,  Northern  District  of Ohio (Case
Number  302CV7241).  This suit was  filed by the  current  Receiver  of a former
subsidiary (TPSS Acquisition  Corporation ("TPSS") of the Registrant,  Mr. Ralph
DeNune, III. This lawsuit alleges,  among other things,  fraudulent transfers of
funds  from  its  former  subsidiary,  TPSS,  to the  Registrant  and its  other
subsidiaries;  unjust  enrichment  and  fraud  in  the  use of  consigned  steel
inventory  without proper  approval of and  notification  to the consignor;  and
making false and fraudulent statements to influence this vendor to accept common
shares and a promissory  note from the  Registrant for a reduction in amount due
from  TPSS.  A RICO  claim  is  made  against  the  individual  defendants.  The
defendants have denied the allegations and will vigorously  defend against these
claims.

The  Registrant  has  no  operations  and no  assets.  Currently,  there  are no
prospects of the Registrant resuming business operations.



<PAGE>



                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                    CONSOLIDATED CAPITAL OF
                                                    NORTH AMERICA, INC.


Date: July 3, 2002                                 By: /s/ Donald R. Jackson
                                                       ---------------------
                                                       Donald R. Jackson
[{"type": "8-K", "sequence": "1", "filename": "main.txt", "description": "8K FOR CONSOLIDATED", "secsgml_size_bytes": 2886}]
{"company-data": {"conformed-name": "CONSOLIDATED CAPITAL OF NORTH AMERICA INC", "cik": "0000839426", "assigned-sic": "6500", "irs-number": "930962072", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21821", "film-number": "02696778"}, "business-address": {"street1": "410 17TH ST", "street2": "STE 400", "city": "DENVER", "state": "CO", "zip": "80202", "phone": "8883138051"}, "mail-address": {"street1": "410 17TH STREET", "street2": "SUITE 400", "city": "DENVER", "state": "CO", "zip": "80202"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

                          Date of Report: June 4, 2002

                   CONSOLIDATED CAPITAL OF NORTH AMERICA, INC.
             (Exact name of registrant as specified in its charter)

Colorado                              0-21821      93-0962072
(State or other jurisdiction       (Commission    (IRS Employer
of incorporation)                   File Number)  Identification No.)

               1530 16th Street, Suite 200, Denver, Colorado 80202
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (303) 446-5926

       (Former address, 410 17th Street, Suite 400 Denver, Colorado 80202)

Item 5. Other Events.  On June 4, 2002,  the  Registrant  received  service of a
Summons and  Complaint  naming it, as well as two former  officers and directors
and its current  Chairman of the Board of Directors,  as defendants in an action
filed in the United  States  District  Court,  Northern  District  of Ohio (Case
Number  302CV7241).  This suit was  filed by the  current  Receiver  of a former
subsidiary (TPSS Acquisition  Corporation ("TPSS") of the Registrant,  Mr. Ralph
DeNune, III. This lawsuit alleges,  among other things,  fraudulent transfers of
funds  from  its  former  subsidiary,  TPSS,  to the  Registrant  and its  other
subsidiaries;  unjust  enrichment  and  fraud  in  the  use of  consigned  steel
inventory  without proper  approval of and  notification  to the consignor;  and
making false and fraudulent statements to influence this vendor to accept common
shares and a promissory  note from the  Registrant for a reduction in amount due
from  TPSS.  A RICO  claim  is  made  against  the  individual  defendants.  The
defendants have denied the allegations and will vigorously  defend against these
claims.

The  Registrant  has  no  operations  and no  assets.  Currently,  there  are no
prospects of the Registrant resuming business operations.
SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                    CONSOLIDATED CAPITAL OF
                                                    NORTH AMERICA, INC.

Date: July 3, 2002                                 By: /s/ Donald R. Jackson
                                                       ---------------------
                                                       Donald R. Jackson