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To: Jenna who wrote (16363)	10/7/1998 2:31:00 PM
From: Andrew C.R. Biddle	Respond to of 120523

REXI-Beware From thestreet.com and Herb Greenberg: >> Resource America (REXI:Nasdaq), a specialty lender whose accounting practices -- and stock -- have come under fire in recent weeks, received a $282 million, or $15 a share, takeover bid today from a company identified as Radcliffe Mitchell & Weiss. Radcliffe Mitchell identifies itself in a press release as "an investment firm with interests in real estate and other investments." The contact on the press release was Roy Nazaroff, whose phone number was traced to a home in Monroe, N.Y., that has an appraised value of $40,300. "You're obviously a very good reporter," Nazaroff said. Who is he? Does he do public relations for Radcliffe Mitchell? "Uh, PR, yes," he said. Where is Radcliff Mitchell located? Who are the principals? "I'll decline further comment for now," he said. "We're a private firm. We're not going to give any other information than that." As it turns out, Radcliff Mitchell & Weiss is listed under "New York Fictitious Business Names" as having been formed on May 8, 1996, by none other than Roy Nazaroff, identified as its owner, according to a search of Lexis/Nexis. A search of Dow Jones News databanks found no mentions of the company in the past two years. << Full Article at: thestreet.com Andrew