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Maxfield always stressed that he "was not an investment analyst."
Maxfield described his role in analyzing and investigating the
Plastics Recycling transactions as follows: "I really viewed my
role as I was a conveyor of information and of my impressions. I
made it very clear to each of the potential investors, it's their
business decision, not mine." (Emphasis added.) Reflecting upon
his own decision to invest in the Plastics Recycling
transactions, Maxfield stated, "there were obviously--if I would
have asked the right questions, I wouldn't have made the
investment."
E. Petitioners and Their Introduction to the Partnership
Transactions
Petitioners in these cases do not have any education,
training, or experience in engineering, plastics recycling, or
plastics materials. They did not independently investigate the
Sentinel EPE recyclers or see a Sentinel EPE recycler or any
other type of plastics recycler prior to participating in the
recycling ventures. Petitioners never made a profit in any year
from their investments in the Partnerships.
1. John and Marianne Sann
Petitioners John Sann and Marianne Sann resided in
Larchmont, New York, when their petitions were filed. John Sann
(Sann) was born and raised in Amsterdam in the Netherlands.
After attending the Lyceum and the University of Lausanne in
Switzerland, he served in the Royal Air Force in England and the
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