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Schott held 1,000 shares of the class A preferred stock
until 1982. She held the stock to enable IRA to hold a corporate
real estate license.
b. The Bea Ritch Trusts
Twenty-five trusts known collectively as the Bea Ritch
Trusts were established in 1969 and were named after Beatrice K.
Ritch, Kanter's mother. Kanter's mother is the named grantor,
ostensibly contributing $100 to each of the 25 trusts.
Originally, when the 25 Bea Ritch Trusts were established in
1969, the beneficiaries of the trusts were Kanter, his family,
and other relatives of Kanter. By about 1977, Kanter had
formally renounced all of his interest as a beneficiary in the
Bea Ritch Trusts. At some time, many additional trusts were
added as beneficiaries to the trusts. The identities of the
beneficiaries of the additional trusts are not in the record.
The original individual and additional trust beneficiaries
of the Bea Ritch Trusts are as follows:
Original Additional
Trust Name Beneficiaries Beneficiaries
BWK Trust Burton Kanter JSK 1st Trust #5
JSK 2d Trust #5
JSK 3d Trust #5
Naomi Trust Naomi Kanter JSK 3d Trust #19
JSK 1st Trust #20
BN Trust Burton & Naomi JSK 1st Trust #4
JSK 2d Trust #4
JSK 3d Trust #4
Joel Trust Burton & Joel JSK 1st Trust #17
Kanter JSK 2d Trust #17
Janis Trust Burton & Janis JSK 3d Trust #15
Kanter JSK 1st Trust #16
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