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The general partner of each of the SAB Recycling
Partnerships, including SAB Reclamation and SAB Recycling, is SAB
Management Ltd. (SAB Management). SAB Management is wholly owned
by Scanbo Management Ltd. (Scanbo), which is wholly owned by
Becker. Scanbo is an acronym for three of Becker's children:
Scott, Andy, and Bonnie. The officers and directors of SAB
Management and Scanbo are as follows: (1) Becker, president and
director; (2) Noel Tucker (Tucker), vice president, treasurer,
and director; and (3) Steven Leicht (Leicht), vice president,
secretary, and director. During the years in issue, Tucker and
Leicht also worked at Becker Co. Tucker was vice president.
Each owned between 5 and 7 percent of the stock of Becker Co.
SAB Management did not engage in any business before becoming
involved with the SAB Recycling Partnerships.
With respect to each of the Partnerships, a private
placement memorandum was distributed to potential limited
partners. Reports by F & G Corp.'s evaluators, Dr. Stanley M.
Ulanoff (Ulanoff), a marketing consultant, and Dr. Samuel Z.
Burstein (Burstein), a mathematics professor, were appended to
the offering memoranda. Ulanoff owns a 1.27-percent interest in
Plymouth Equipment Associates and a 4.37-percent interest in
Taylor Recycling Associates, partnerships that leased Sentinel
recyclers. Burstein owns a 2.605-percent interest in Empire
Associates and a 5.82-percent interest in Jefferson Recycling
Associates, also partnerships that leased Sentinel recyclers.
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Last modified: May 25, 2011