He learned about the GSLDA program from one Carmine Lopresti, a financial adviser. Dr. Bakht discussed the investment with his accountant and was told that the investment was risky, that it made sense on a long-term basis, and that it would entail losses in the short run. Dr. Bakht acquired his interest in GSLDA on December 17, 1980. He made a cash down payment of $12,500, executed two negotiable promissory notes, due March 1, 1981, and March 1, 1982, respectively, each in the amount of $12,500, and a nonnegotiable note in the amount of $112,500 due January 15, 1993. The due date of the nonnegotiable note was subsequently extended from 1993 to 1999.