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Some of the facts have been stipulated and are so found.
The stipulations of fact and the attached exhibits are
incorporated herein by this reference. Petitioner resided in
Mason, Texas, on the date the petition was filed in this case.
Petitioner is a retired medical doctor who was practicing as
an anesthesiologist in 1982. She spent 11 years as a student in
postsecondary education and at some time was on the teaching
staff of Southwestern Medical School and Children’s Medical
Center. Over the years, petitioner has had experience in several
investments other than Yuma Mesa, including other partnership
interests, rental properties, stocks, and mutual funds.
Petitioner learned of the Yuma Mesa investment opportunity
from a personal friend, Dr. Sam Huggins. Dr. Huggins talked to
the promoters of the partnership, who in turn contacted
petitioner. Petitioner then met with the promoters, including
Raymond H. Meinke, and as a result of this meeting agreed to
invest in the partnership. Prior to learning of Yuma Mesa,
petitioner had developed an interest for, and possessed general
knowledge concerning, jojoba and its potential medical and
cosmetic applications. Petitioner, however, did not
2(...continued)
Yuma Mesa, we described the research and development agreement
entered into by the partnership as “mere window dressing,
designed and entered into solely to decrease the cost of
participation in the jojoba farming venture for the limited
partners through the mechanism of a large upfront deduction for
expenditures that in actuality were capital contributions.” Id.
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