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mortgage financing. The development aspect of his work was
conducted under the umbrella of a subsidiary corporation of
Prudential, which was known as PIC Realty Corp. (PIC Realty).
Lisle was president of PIC Realty. Prudential conducted its real
estate equity and joint venture operations in the name of PIC
Realty in those States that prohibited insurance corporations
from directly engaging in real estate development. To a large
extent, the career of Lisle paralleled that of Ballard. Lisle
also worked in various regional offices of Prudential and
ultimately was promoted to a senior executive position at
Prudential’s Newark corporate headquarters. The offices of Lisle
and Ballard were next door to each other. At the time Lisle left
Prudential in 1982, he was a vice president of Prudential.
Lisle’s supervisor at Prudential was also Donald Knab. After
leaving Prudential in April 1982, Lisle worked for The Travelers
Insurance Co. (Travelers) until April 1988, doing virtually the
same kind of work he had done for Prudential.
Lisle met Kanter sometime between 1968 and 1970. The two
had numerous contacts with each other in succeeding years,
including the period after Lisle left Prudential and worked for
Travelers. The record does not reflect what outside business
activity Lisle was involved with that would be relevant to these
cases between the time Lisle left Travelers in April 1988 until
his death in 1993.
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