Allan J. and Brenda Becker - Page 13

                                       - 13 -                                         
          Miller was a shareholder of F & G Corp. and, as noted, the                  
          corporate counsel to PI.  He also represented Robert Grant                  
          (Grant), the president and 100 percent owner of the stock of ECI            
          Corp., and some of Grant's clients.  Thereafter, Becker                     
          recommended the investment to the prospective client.  Although             
          the prospective client did not invest in the Plastics Recycling             
          transactions, Becker became interested in the proposal and                  
          organized the SAB Recycling Partnerships in order to make similar           
          investments in Sentinel EPE recyclers conveniently available to             
          appropriate clients.                                                        
               In organizing the SAB Recycling Partnerships, Becker was not           
          allowed to change the format of the transactions or the purchase,           
          lease, or licensing prices of the Sentinel EPE recyclers.  He was           
          allowed only to conduct a limited investigation of the proposed             
          investments and choose whether or not to organize similar                   
          partnerships.  Becker relied heavily upon the offering materials            
          and discussions with persons involved in the matter to evaluate             
          the Plastics Recycling transactions.  He and two other members of           
          Becker Co., Leicht and Tucker, investigated PI and visited its              
          plant in Hyannis, Massachusetts, where they saw the Sentinel EPE            
          recyclers.                                                                  
               During his investigation of the Plastics Recycling                     
          transactions, Becker did not hire any plastics, engineering, or             
          technical experts, or recommend that his clients do so.  Becker             
          discussed the transactions with Michael Canno (Canno) of the                




Page:  Previous  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  Next

Last modified: May 25, 2011