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Tomasetti learned about the Sentinel EPE recyclers from John
Frabotta (Frabotta) and Dick Omohundro (Omohundro).6 Together
they paid Tomasetti a fee for his services in reviewing the
private placement memorandum concerning the Sentinel recyclers
and also going to Hyannis to look at the equipment they were
considering as an investment. Frabotta has a B.A. in economics
and accounting from San Diego State University and an M.B.A. from
Suffolk University. From 1964 to 1973 he worked in the
commercial and investment departments of First National Bank of
San Diego, from 1973 to 1978 he and Omohundro managed a Boston
mutual fund, for which Tomasetti was the auditor, from 1979 to
1987 he and Cote managed the research and high yield securities
group at Merrill Lynch, and since 1988 he has worked for a
registered investment adviser, Prospect Street Investment
Management, another fund for which Tomasetti is the auditor.
Frabotta is not an expert in plastics or plastics recycling.
Frabotta learned about the Sentinel EPE recyclers from Cote,
who in turn had learned about them from an accounting firm,
Finkle & Co. Finkle & Co. performed accounting functions for
Northeast or its general partner, Richard Roberts (Roberts), in
1983.7 Cote, Omohundro, and Frabotta all worked at Merrill Lynch
6 Omohundro did not testify at the trial.
7 In 1983 Finkle & Co. prepared a report on the polyethylene
operations at Hyannis. Roberts forwarded this report to limited
partners in the Plastics Recycling transactions. In a cover
letter, Roberts refers to Finkle & Co. as "our accounting firm".
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Last modified: May 25, 2011