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months of 1981. Samuel L. Winer (Winer) is the general partner
of both Clearwater and Poly Reclamation.
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.
Burstein also was a client and business associate of Elliot I.
Miller (Miller), the corporate counsel to PI.
The offering memoranda for Clearwater and Poly Reclamation
each state that the general partner will receive fees from those
partnerships in the amount of $60,000. In addition, each of the
offering memoranda provides that the general partner "may retain
as additional compensation all amounts not paid as sales
commissions or offeree representative fees". According to the
offering memoranda, 10 percent of the proceeds from the offering
($80,000 in each case) was allocated to the payment of sales
commissions and offeree representative fees. Winer therefore was
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