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names of 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 approximately 5 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. 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
Associates and a 5.82-percent interest in Jefferson Recycling
Associates, also partnerships that leased Sentinel recyclers.
Burstein also was a client and business associate of Elliot I.
Miller (Miller), the corporate counsel to PI.
The offering memoranda for SAB Recovery, SAB Recycling, and
SAB Reclamation state that the general partner will receive fees
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Last modified: May 25, 2011