Ronald F. and Cynthia G. Van Scoten - Page 6

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          worked as an equipment salesman, and Ms. Van Scoten was a                   
          respiratory therapist.1                                                     
               Mr. Van Scoten’s father, Edward Van Scoten, has a bachelor’s           
          degree.  He served in the Air Force for approximately 21 years,             
          after which time he taught at a community college and worked for            
          an electronics corporation.  He also had limited experience with            
          dairy farms-–he spent his childhood living on or near dairy                 
          farms, and as a teenager and for 1 year, amidst his Air Force               
          career, he worked on a dairy farm.                                          
               Edward Van Scoten invested in a Hoyt partnership in December           
          1983.  He first learned about the Hoyt organization from his                
          nephew, who had already invested in a Hoyt partnership.  In                 
          making his own investment, Edward Van Scoten relied upon                    
          information obtained from his nephew and from the Hoyt                      
          organization.  He did not seek outside advice, such as advice               
          from an attorney or accountant.  After making his investment,               
          Edward Van Scoten spent one summer working on a Hoyt ranch, where           
          he drove a truck hauling hay bales.  He also attended monthly               
          Hoyt partner meetings over a period of several years starting in            
          the early 1990s.                                                            
               Petitioners first learned of the Hoyt partnership                      
          investments from Mr. Van Scoten’s father in 1988.  Mr. Van Scoten           
          knew that his father “had been in it for quite a number of years,           

          1On the 1990 and 1991 Federal income tax returns signed by                  
          Ms. Van Scoten, both state that she was a receptionist.                     




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