Philippe and Nadine Grelsamer - Page 20

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          much to him and I'm sure it didn't.  They can't talk to him."               
          Grelsamer purportedly concluded that the Sentinel EPE recycler              
          was unique on the basis of his discussions with Becker and the              
          assessments by Ulanoff and Burstein, whose credentials he                   
          believed that Becker had checked.                                           
               Grelsamer has no education in plastics recycling or plastics           
          materials.  He knew that Becker was the de facto general partner            
          of SAB Reclamation and that Becker had no experience in plastics            
          recycling.  Grelsamer did not know whether Green had any                    
          experience in the plastics recycling business.  Grelsamer did not           
          investigate the value of the Sentinel EPE recycler or how it                
          functioned or compare it with other similar products.  He did not           
          visit any of the end-user locations or review any periodicals               
          relating to resin prices.  Grelsamer did not talk to Green about            
          the tax benefits associated with SAB Reclamation.  Instead he               
          discussed them with his tax return preparer, Abraham Israelite.             
          Six months after investing in SAB Reclamation, Grelsamer invested           
          in a second plastics recycling partnership.  Grelsamer never made           
          a profit in any year from his interest in SAB Reclamation.                  
               2.  David E. Morgan                                                    
               Morgan resided in Palm Beach, Florida, at the time his                 
          petition was filed.  He was born and raised in Poland.  When he             
          was 8 or 9 years old, oil was discovered on his family's farm,              








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