Estate of Philip Meriano, Deceased, Anita Panepinto, Administratrix - Page 5

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          were recovered after filing suit.  The agreement was witnessed by           
          Anthony Orlando and Connie Kates.  When Lynch signed the                    
          agreement with the estate, he was working as an investment banker           
          in New York issuing municipal securities.  An attorney by the               
          name of Frank Carano was the attorney for the estate.                       
               Shortly after Lynch signed the agreement with Mary Orlando             
          on August 7, 1978, Lynch entered into an agreement with Reardon             
          whereby Reardon agreed to assist Lynch in the investigation to              
          see if the stolen securities could be recovered.  Reardon was to            
          be paid 15 percent of the face amount of any securities                     
          recovered.                                                                  
               Through their diligent investigative efforts, Lynch and                
          Reardon discovered, in approximately March 1979, that coupons               
          from securities that they identified as having belonged to                  
          decedent were being cashed at various banking institutions in San           
          Diego, California.  They traced the securities to an account in             
          San Diego held in the name of Italia Ballestrucci, the maiden               
          name of Italia Bossi who had been the housekeeper for Philip when           
          his residence-office was set afire on July 6, 1977.                         
               Lynch and Reardon took their evidence to the U.S. Attorney             
          and the FBI in Philadelphia and persuaded them to reopen their              
          investigation of the theft of securities from Philip.                       
               Italia Bossi and her husband were arrested by the FBI at               
          their home in San Diego on May 1, 1979.  Bearer bonds having a              






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