Leo N. Levitt and Ruth G. Levitt - Page 15

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               3.   Rambach Chemical Corp.                                            
               Rambach Chemical Corp. (Rambach) did business with Resyn               
          beginning in 1952.  From 1963 to 1967, Rambach paid Chemical                
          Traders' bills for chemicals Resyn supplied to Rambach as                   
          follows:                                                                    
                              Year         Amount                                     
                              1963      $10,275.00                                    
                              1964      63,043.36                                     
                              1965      18,015.00                                     
                              1966      126,870.00                                    
                              1967      6,480.00                                      
                              1969      14,425.00                                     
                              1970      15,900.00                                     
               Petitioner told Rambach to mail payments for chemicals to              
          his home.  Harvey Rambach, president of Rambach, sent a letter to           
          Leo Levitt, Chemical Traders, 128 Clinton Avenue, Newark, New               
          Jersey, on March 10, 1969.  The Post Office returned the letter             
          undelivered, "Addressee Unknown".  Chemical Traders did not have            
          any production facilities when it dealt with Rambach.                       
               4.   MacArthur Petroleum & Solvent Co.                                 
               From 1966 to 1969, MacArthur Petroleum & Solvent Co.                   
          (MacArthur) paid Chemical Traders for commissions and discounts             
          on sales from Resyn to MacArthur.  Under the agreement between              
          Sande Wische, president of MacArthur, and petitioner on behalf of           
          Resyn, MacArthur billed Resyn full price for chemicals that Resyn           
          bought, and MacArthur paid Chemical Traders separately for any              
          commissions and discounts it owed to Resyn.  Petitioner deposited           
          the checks from MacArthur for Resyn's discounts and commissions             





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