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 (DATE OF EARLIEST EVENT REPORTED): MAY 6, 2005

                                ACIES CORPORATION
             (Exact name of registrant as specified in its charter)



       Nevada                        000-49724                   91-2079553
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
     of incorporation)                                       Identification No.)


              14 Wall Street, Suite 1620, New York, New York 10005
              ----------------------------------------------------
              (Address of principal executive offices and Zip Code)

        Registrant's telephone number, including area code (800)-361-5540

                                   Copies to:
                            Richard A. Friedman, Esq.
                              Eric A. Pinero, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[_]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[_]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[_]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


<PAGE>


SECTION 5 CORPORATE GOVERNANCE AND MANAGEMENT

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
          APPOINTMENT OF PRINCIPAL OFFICERS.

         On May 6, 2005, our Board of Directors appointed Jeffrey A. Tischler as
Chief Financial Officer of Acies Corporation. There are no understandings or
arrangements between Mr. Tischler and any other person pursuant to which Mr.
Tischler was selected as an officer. Mr. Tischler does not have any family
relationship with any director, executive officer or person nominated or chosen
by us to become a director or executive officer. Furthermore, Mr. Tischler has
never entered into a transaction, nor is there any proposed transaction, between
Mr. Tischler and our company.

         Prior to joining Acies, Jeffrey A. Tischler was Vice President of Asta
Funding, Inc.(NASDAQ:ASFI), a consumer receivables asset management company,
where his responsibilities included involvement in operational and financial
functions ranging from strategic planning to strengthening the company's
infrastructure. From 1993 to 2000, Mr. Tischler was Executive Vice President and
Chief Financial Officer of LandAmerica Financial Group, Inc.(NYSE:LFG),
including serving as Executive Vice President and Chief Financial and
Administrative Officer of LandAmerica's acquired predecessors, Commonwealth Land
Title Insurance Company and Transnation Title Insurance Company. From 1980 to
1993, Mr. Tischler was with Reliance Group Holdings, Inc., where he held the
position of Vice President of Financial Planning and Analysis. A certified
public accountant, Mr. Tischler was a senior accountant with KPMG Peat Marwick
from 1978 to 1980. Mr. Tischler received an M.B.A. degree in Finance and
Accounting from the University of Rochester's Simon School of Business in 1978,
and a B.A. in Economics from the University of Rochester in 1977.

         On May 9, 2005, we issued a press release announcing the appointment of
Jeffrey A. Tischler as our Chief Financial Officer. A copy of this press release
has been filed with this Current Report on Form 8-K as Exhibit 99.1 and is
incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(A) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.

         Not applicable.

(B)      PRO FORMA FINANCIAL INFORMATION.

         Not applicable.

(C)      EXHIBITS.

EXHIBIT NUMBER    DESCRIPTION
---------------   -------------------------------------------------------------
99.1              Press Release of Acies Corporation dated May 9, 2005.

<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.

                                        ACIES CORPORATION


Date: May 9, 2005                       /s/ Oleg Firer
                                        -------------------------------------
                                        Oleg Firer
                                        President and Chief Executive Officer
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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 (DATE OF EARLIEST EVENT REPORTED): MAY 6, 2005

                                ACIES CORPORATION
             (Exact name of registrant as specified in its charter)

       Nevada                        000-49724                   91-2079553
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission File Number)      (IRS Employer
     of incorporation)                                       Identification No.)

              14 Wall Street, Suite 1620, New York, New York 10005
              ----------------------------------------------------
              (Address of principal executive offices and Zip Code)

        Registrant's telephone number, including area code (800)-361-5540

                                   Copies to:
                            Richard A. Friedman, Esq.
                              Eric A. Pinero, Esq.
                       Sichenzia Ross Friedman Ference LLP
                           1065 Avenue of the Americas
                            New York, New York 10018
                              Phone: (212) 930-9700
                               Fax: (212) 930-9725

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_]   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[_]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

[_]   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[_]   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
SECTION 5 CORPORATE GOVERNANCE AND MANAGEMENT

ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
          APPOINTMENT OF PRINCIPAL OFFICERS.

         On May 6, 2005, our Board of Directors appointed Jeffrey A. Tischler as
Chief Financial Officer of Acies Corporation. There are no understandings or
arrangements between Mr. Tischler and any other person pursuant to which Mr.
Tischler was selected as an officer. Mr. Tischler does not have any family
relationship with any director, executive officer or person nominated or chosen
by us to become a director or executive officer. Furthermore, Mr. Tischler has
never entered into a transaction, nor is there any proposed transaction, between
Mr. Tischler and our company.

         Prior to joining Acies, Jeffrey A. Tischler was Vice President of Asta
Funding, Inc.(NASDAQ:ASFI), a consumer receivables asset management company,
where his responsibilities included involvement in operational and financial
functions ranging from strategic planning to strengthening the company's
infrastructure. From 1993 to 2000, Mr. Tischler was Executive Vice President and
Chief Financial Officer of LandAmerica Financial Group, Inc.(NYSE:LFG),
including serving as Executive Vice President and Chief Financial and
Administrative Officer of LandAmerica's acquired predecessors, Commonwealth Land
Title Insurance Company and Transnation Title Insurance Company. From 1980 to
1993, Mr. Tischler was with Reliance Group Holdings, Inc., where he held the
position of Vice President of Financial Planning and Analysis. A certified
public accountant, Mr. Tischler was a senior accountant with KPMG Peat Marwick
from 1978 to 1980. Mr. Tischler received an M.B.A. degree in Finance and
Accounting from the University of Rochester's Simon School of Business in 1978,
and a B.A. in Economics from the University of Rochester in 1977.

         On May 9, 2005, we issued a press release announcing the appointment of
Jeffrey A. Tischler as our Chief Financial Officer. A copy of this press release
has been filed with this Current Report on Form 8-K as Exhibit 99.1 and is
incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(A) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.

         Not applicable.

(B)      PRO FORMA FINANCIAL INFORMATION.

         Not applicable.

(C)      EXHIBITS.

EXHIBIT NUMBER    DESCRIPTION
---------------   -------------------------------------------------------------
99.1              Press Release of Acies Corporation dated May 9, 2005.
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.

                                        ACIES CORPORATION

Date: May 9, 2005                       /s/ Oleg Firer
                                        -------------------------------------
                                        Oleg Firer
                                        President and Chief Executive Officer