- 469 -
Mallin was a director of Chicago Holdings, Inc., at the time
of trial.
B. Richard Uhl, Funding Systems Corp., and Funding Systems
Asset Management Corp.
Richard Uhl (Uhl) was an officer of Funding Systems
Corp.(FSC), which was the parent company of a subsidiary, Funding
Systems Asset Management Corp. (FSAM) and was involved in the
equipment leasing business during the years at issue.
Uhl did not negotiate the computer leasing transactions
involving the IRA deals on behalf of FSC/FSAM.
During 1981, FSC was involved in an involuntary bankruptcy
of its subsidiary, FSAM. Leasing Services, Inc. (O.P.M.), an
entity engaged in the business of brokering computer leasing
deals, also filed a petition in bankruptcy about the same time
FSAM filed its petition.
Uhl was the debtor-in-possession of FSAM, in which capacity
he conducted the operations of FSC. While Uhl was reviewing
leasing transactions as a debtor-in-possession, he discovered
that some of the transactions had documents missing.
After FSAM emerged from bankruptcy in 1985, it split off
from its parent, FSC. FSAM changed its name to Chicago Holdings,
Inc. The directors of Chicago Holdings, Inc. included Mallin and
Weisgal. Uhl was the president. One of the shareholders of
Chicago Holdings, Inc., was a new partnership called FSAM
Partnership.
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