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the value of the recyclers other than what was presented in the
offering memoranda. He has no education or expertise in plastics
materials or plastics recycling.
D. Petitioners and Their Introduction to the Partnership
Transactions
1. Stuart and Harriet J. Gollin
Petitioners Stuart and Harriet J. Gollin (the Gollins)
resided in Scarsdale, New York, when their petition was filed.
Stuart Gollin (Gollin) graduated from City College of New York in
1963 with a bachelor of business administration in accounting.
Thereafter he joined the accounting firm of Touche, Ross & Co.
(Touche, Ross) and within 3 to 4 years became a certified public
accountant in New York and New Jersey. Gollin became a national
retailing director and a senior audit partner at Touche, Ross.
He was in charge of their bankruptcy and litigation practice, an
accounting specialty otherwise known as "forensic accounting."
In 1980 Gollin joined Laventhol and Horwath (Laventhol) and
headed their retail and forensic accounting practices.
Gollin explained that forensic accounting is distinct from
auditing, taxation, and consulting. Generally, it is
investigatory in nature. Forensic accounting entails, inter
alia, bankruptcy and insolvency work, litigation consulting,
insurance claims work, white-collar crime work, securities fraud,
securities investigation, and fraud investigation. As an example
of the type of work a forensic accountant does, Gollin related
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