-51-
Transcr. at 2890-2891. By the 1970s, Meyers’s position at
Kanter’s law firm evolved to that of Kanter’s administrative
assistant. Meyers, Transcr. at 2894-2899. Meyers served as an
officer and/or director of IRA at various times. Exh. 4.
From 1975 to 1980, Schott remained the president of IRA and
Weisgal was vice president.27 From 1980 to 1989, the president
of IRA was Lawrence Freeman (Freeman), an attorney in Miami,
Florida, and a friend and business associate of Kanter. Although
Freeman was not paid for serving as IRA’s president, Freeman and
his law firm received significant legal business by referrals
from Kanter. Although Freeman was IRA’s president and director
for most of the 1980s, he characterized his role as primarily
that of a bookkeeper/accountant and administrator. Freeman,
Transcr. at 1819.
In 1989, Kanter became IRA’s acting president. Until 1989,
Kanter had never been an officer or employee of IRA. Exhs. 4,
27 Solomon Weisgal (Weisgal) had little recall regarding
his activities as either an officer or a director of IRA or The
Holding Co. (THC). Weisgal, Transcr. at 434-437, 443, 445, 458-
460. Weisgal believed the Bea Ritch Trusts were IRA’s sole
shareholders from its original organization through 1989.
Weisgal, Transcr. at 440. Weisgal had no recollection of the
person or persons at IRA or THC who would have generated business
opportunities for The Five or the persons at IRA or THC who would
have performed services for The Five under various agreements
that he executed on behalf of IRA or THC during the years at
issue. Weisgal, Transcr. at 444-446 (Schaffel), 462 (Essex).
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