Estate of Ronald Busch, Deceased, Rochelle Busch, Executrix and Rochelle Busch, et al. - Page 10

                                       - 10 -                                         
          by Scanbo Management Ltd. (Scanbo), which is wholly owned by                
          Becker.  Scanbo is an acronym for three of Becker's children:               
          Scott, Andy, and Bonnie.  The officers and directors of SAB                 
          Management and Scanbo are as follows:  (1) Becker, president and            
          director; (2) Noel Tucker (Tucker), vice president, treasurer,              
          and director; and (3) Steven Leicht (Leicht), vice president,               
          secretary, and director.  During the years in issue, Tucker and             
          Leicht also worked at Becker Co.  Tucker was vice president.                
          Each owned up to 7 percent of the stock of Becker Co.  SAB                  
          Management did not engage in any business before becoming                   
          involved with the SAB Recycling Partnerships.                               
               With respect to each of the Partnerships, a private                    
          placement memorandum was distributed to potential limited                   
          partners.6  Reports by F & G Corp.'s evaluators, Dr. Stanley M.             
          Ulanoff (Ulanoff), a marketing consultant, and Dr. Samuel Z.                
          Burstein (Burstein), a mathematics professor, were appended to              
          the offering memoranda.  Ulanoff owns a 1.27-percent interest in            
          Plymouth Equipment Associates and a 4.37-percent interest in                
          Taylor Recycling Associates, partnerships that leased Sentinel              
          recyclers.  Burstein owns a 2.605-percent interest in Empire                


          6    The offering memoranda for SAB Reclamation and SAB Recovery            
          were submitted into the records in docket Nos. 1643-89 and 618-             
          90, the Snyder cases, but not in docket No. 599-89, the Busch               
          case.  Petitioners Busch stipulated to the relevant portions of             
          the offering memoranda.  Those portions not so stipulated, but              
          referenced herein, have been disregarded for purposes of docket             
          No. 599-89.                                                                 




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011