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respected. Sometime in the mid-1970's ZFH hired Richard Eisner &
Co. to service its accounting and financial needs. Becker
retained the ZFH account when he left Richard Eisner & Co. and
formed Becker Co. Apart from their interaction at Bell,
Fishbach's relationship with Becker consisted primarily of client
referrals to Becker and consultations with him on select client
financial matters. Becker also prepared Fishbach's Federal
income tax returns.
Another partner at ZFH, Jay Hertan (Hertan), oversaw the
bookkeeping and general financial affairs of the firm. Becker
interacted primarily with Hertan regarding ZFH's accounting and
financial needs. Hertan had a business degree from Indiana
University, a banking degree from Northwestern University, and a
law degree from Yale Law School. He became a member of ZFH in
1967. Before that he represented Long Island banks and was
active in civic affairs. His financial and banking related
experience included work as an appraiser and mortgage related
services. In 1982 Hertan became a trustee and officer of a real
estate investment trust that operated out of an office adjacent
to ZFH's office. Hertan often suggested investments to the firm.
As an unwritten policy, either all of the members of ZFH would
participate or the firm would not invest in the particular
venture. ZFH invested primarily in real estate development
projects.
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