William and Joan Spears - Page 16

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          specialist in securities and corporate law, advised Becker                  
          regarding his disclosure obligations under the securities laws              
          and his protection against liability.  In so advising Becker,               
          DiGiovanna was not responsible for, and did not get, independent            
          verification of any of the representations in the offering                  
          materials.  He never visited PI or saw a Sentinel EPE recycler.             
          DiGiovanna did not have any education or experience in                      
          engineering, plastics materials, or plastics recycling.                     
               Leicht and Tucker also familiarized themselves with the                
          Plastics Recycling transactions.10  Leicht has a B.A. degree in             
          finance and accounting from Penn State University, a J.D. from              
          SUNY Buffalo, and an LL.M. in Taxation from New York University             
          School of Law.  Leicht ran a mathematical check on the numbers              
          contained in the offering materials for Becker, but he did not              
          test the underlying assumptions upon which they were based.  He             
          also visited PI in Hyannis and met with Miller and other insiders           
          to the transactions.  Leicht never communicated an opinion as to            
          the value of the recyclers other than what was presented in the             




          9(...continued)                                                             
          with respect to the Spears case.                                            
          10   Leicht testified only in docket No. 28082-89 (the Farrell              
          case).  His testimony has been disregarded with respect to docket           
          No. 27393-89 (the Spears case).                                             






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