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1985, Roberts maintained the following office address with
Raymond Grant (Grant), the sole owner and president of ECI Corp.:
Grant/Roberts
Investment Banking
Tax Sheltered Investments
745 Fifth Avenue, Suite 410
New York, New York 10022
Grant was instrumental in the hiring of Ulanoff as an evaluator
of the Plastics Recycling transactions; the two had met on a
cruise. Roberts and Grant together have been general partners in
other investments.
Prior to the Partnership transactions, Roberts and Grant
were clients of the accounting firm H. W. Freedman & Co.
(Freedman & Co.). Harris W. Freedman (Freedman), the named
partner in Freedman & Co., was the president and chairman of the
board of F & G Corp. He also owned 94 percent of a Sentinel EPE
recycler. Freedman & Co. prepared the partnership returns for
ECI Corp., F & G Corp., and Plymouth. It also provided tax
services to John D. Bambara (Bambara). Bambara is the
100-percent owner of FMEC Corp., as well as its president,
treasurer, clerk, and director. He, his wife, and daughter also
owned directly or indirectly 100 percent of the stock of PI.
D. Stuart Becker and Steven Leicht
Becker does not have an engineering background, and he is
not an expert in plastics materials or plastics recycling. He
received a B.S. degree in accounting from New York University in
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