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beneficiaries was Burton W. Kanter, Trustee, P.O. Box 560068,
Miami, FL 33156.
During the entire existence of BRT, the named trustee has
been Weisgal. He has been a close friend and business associate
of Kanter for 30 years. He is a certified public accountant.
Weisgal has never had any beneficial interest in BRT.
The BRT agreement recites that the grantor, Bea Ritch,
contributed $100 to each of the 25 trusts. Kanter introduced no
evidence that the amount recited as having been contributed by
Bea Ritch was actually contributed by her. Kanter presented no
evidence of any other contributions by Bea Ritch.
Prior to 1987, Kanter borrowed money from BRT. As of
January 1, 1987, Kanter owed $287,030 to BRT. As of October 31,
1987, Kanter still owed $287,030 to BRT. As of January 1, 1989,
Kanter owed $1,311,430 to BRT. As of December 31, 1989, Kanter
owed $34,971 to BRT. The amount Kanter owed to BRT was not
repaid by Kanter, but his debt to BRT was transferred to Northern
Fin. Assoc. and Astor Holding Co. As of December 31, 1989,
Kanter owed $523,030 to North Fin. Assoc. and owed $750,000 to
Astor Holding Co.
Prior to 1987, Kanter also borrowed money from Holding Co.
As of January 1 and October 31, 1987, Kanter owed $300,000 to
Holding Co. As of January 1 and December 31, 1989, Kanter owed
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