Harris Levin and Gayle Levin - Page 10

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                    THE WITNESS [Ms. Levin]:  And I went to this                      
               meeting by myself and I was surprised at all the people                
               who were there.  * * *                                                 
                    And I found out that they all had different names                 
               on them.  And this woman was sitting next to me and she                
               asked me how much money I owed and I said, "Well," you                 
               know, I said, "it's still -- it's being taken care of."                
               And she said, "Oh, no.  This has been finalized a long                 
               time ago."  And she said she owed $20,000 and she paid                 
               it.  And I didn't know anything about this.                            
                    I went home and I asked Harris about it.  And he                  
               said nope, that it was still being worked on and that                  
               Alan Letterman was taking care of it.                                  
          (Litigation by Schulman investors was commenced in 1987 and 1988.           
          See Marine v. Commissioner, 92 T.C. 958, 970 (1989), affd.                  
          without published opinion 921 F.2d 280 (9th Cir. 1991).)                    

                    Q  [by Ms. Levin's counsel]  Okay.  Did you ever                  
               participate in the tax audit regarding the Schulman                    
                    A  No.                                                            
                    Q  Did Harris ever volunteer information                          
               concerning that examination?                                           
                    A  No, only when I would ask.  If I asked what was                
               happening, it was being taken care of.                                 
                    Q  And what did that mean to you, that "it was                    
               being taken care of"?                                                  
                    A  He would say that Alan Letterman was taking                    
               care of it.                                                            
                    Q  Did that have any significance to you?  What                   
               did that mean to you?                                                  
                    A  It meant that it would be taken care of.                       
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