John Sann and Marianne Sann, et al. - Page 25

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          of Maxfield's visit to PI in 1982.  Maxfield explained the                  
          transactions to Addington in his own words.  The two also                   
          discussed PI, the people organizing the Partnerships, and the               
          value of the machine.  Maxfield explained to Addington that an              
          audit would focus on the value of the machine.  Addington                   
          understood that Wible had visited PI and that he was impressed by           
          the factory and the machines.  Addington also recalled speaking             
          to Sann about the proposal.  Although he was initially skeptical,           
          Addington felt "more positive" about the investment after                   
          speaking with Maxfield and Sann.                                            
               Addington never met Roberts or knew anything about him.  He            
          did not believe that the success of the Partnerships depended               
          upon Roberts' personal efforts.  Addington did not know how the             
          Sentinel EPE recycler worked, in a technical sense, and he never            
          saw one or asked to see one.  He did not personally investigate             
          the recyclers or the entities involved in the transactions.                 
          Addington knew that Maxfield's expertise was in taxation, and he            
          had no reason to believe that Maxfield had a background in                  
          plastics recycling or engineering.  He recalled that Maxfield did           
          not press anyone to invest in the Plastics Recycling                        
          transactions, and Addington never felt like he was being                    
          subjected to a hard sell.                                                   
               3.  David M. Cohn                                                      
               Petitioner David M. Cohn (Cohn) resided in New York, New               
          York, when his petitions were filed.  Cohn earned an                        




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