- 8 -
In addition to the Clearwater transactions, a number of
other limited partnerships entered into transactions similar to
the Clearwater transactions.
B. Individuals Involved
Samuel L. Winer (Winer) was the general partner of
Clearwater and paid $1,000 for a 1-percent interest in all items
of income, gain, deduction, loss, and credit arising from the
operations of Clearwater. Winer received $60,000 out of the
proceeds of the Clearwater group private offerings as
compensation for his services.
In 1981 Richard Roberts (Roberts) was a businessman and the
general partner in a number of limited partnerships that leased
EPE recyclers. Roberts was also the general partner in a number
of other limited partnerships that leased and licensed Sentinel
recyclers. He also was a 9-percent shareholder in F&G, the
corporation that leased the recyclers to Clearwater. From 1982
through 1985, Roberts and Raymond Grant (Grant) were in the
business of promoting tax sheltered investments. Grant was an
investment banker, attorney, accountant, and the president and
100-percent owner of ECI. Roberts and Grant together were
general partners in other partnerships. Prior to the Clearwater
transactions, Roberts and Grant were clients of the accounting
firm H.W. Freedman & Co. (Freedman & Co.).
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011