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Recycling Partnerships). Two of the SAB Recycling Partnerships
closed in late 1981, two closed in early 1982, and two more
closed in late 1982.
The general partner of all of the SAB Recycling
Partnerships, including SAB Reclamation, is SAB Management Ltd.
(SAB Management). SAB Management is wholly owned 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 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 and a 4.37-percent interest in Taylor Recycling
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