-50-
Kanter’s family, and other relatives of Kanter. By about 1977,
Kanter had purportedly renounced all of his interest as a
beneficiary in the Bea Ritch Trusts.26 Solomon Weisgal
(Weisgal), an accountant and a longtime friend and business
associate of Kanter, has been the sole trustee of the Bea Ritch
Trusts since 1969. As trustee of the Bea Ritch Trusts, Weisgal
has an extremely broad power either to accumulate the Bea Ritch
Trusts’ income or to distribute (i.e., sprinkle) the trusts’
income and assets among all or any of the trusts’ beneficiaries
in virtually any manner he deemed appropriate.
c. IRA’s Officers and Directors
Before October 27, 1975, Keating was IRA’s president and
secretary. Exh. 9050. On October 27, 1975, Keating resigned as
IRA’s president. Id.
On October 27, 1975, Schott was elected IRA’s president,
and Sharon Meyers (Meyers) was elected IRA’s secretary. Id.
Meyers had originally worked as Kanter’s secretary. Meyers,
26 Whether Kanter’s alleged renunciations were shams is a
factual question raised infra Issue V. In any event, numerous
additional trusts were later added as beneficiaries to the Bea
Ritch Trusts. Exhs. 135, 9187, 9269, 9270, 9271. See app. 17 to
this report. Additional trusts (and groups of trusts) for the
benefit of Kanter’s family members included the Everglades Trusts
(5), the T.C. Family Trust, the Egandale-Vine Trust, the Beach
Trust, the Baroque Trusts (3), the Softy Trusts (10), the
Pillpoppers Trusts (3), and the Chamber Trusts (3). Exhs. 9213-
9220.
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