Bruce and Lois Zenkel, et al. - Page 10

                                       - 10 -                                         
               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.               




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011