THE REWALD CASE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90-00494R001100690025-4
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: August 3, 2010
• Sequence Number: 25
• Publication Date: August 19, 1983
• Content Type: OPEN SOURCE

Approved For Release 2010/08/03 :CIA-RDP90-004948001100690025-4
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The Ho~.olulu Adver
user
:Established July 2, 1856
Thurston Twigg?Smith Prcaidont v Publi~ber
C+eor a Chaplin Editor-in?Chio/
Buck Buchwach E:~~uriu Editor
John Griffin Editorial Page Editor
Mike Middlesworth Managing Ed;eo-
' Friday. August IA, 1~R3
The Rewald case
:esteem of thaw clients.' ~' ' by the statement of a defense
gave earned us the respect and ~'P~nce vsppeared unimpressed
.perrence, slang wrth an unblem- ~~been investigating -= is not yet
'the fact that our skill and ex- '` Exchange Commission have also
~t~rese successes, o~ cpurse. ,;:: , the FBI, CIA,, Irlternal Revenue
`~^ "Even more -we take pride in `'Service azrd the " Sectirlties and
Crur clients. We take pride 'in ' 'federal charges will be filed --
only one way, by the success of pleaded not gufl>vy. Whether any
anct consulting firms in Hawaii."
In a personal message in the REWALD IS 'under two state
prospectus, Rewald wrote that .;charges. at t~rat~degree theft by
'we measure our ,ffiuccess in ? 'deception, 'to 'which ' he has
No case in months has created funds continued, the company
such widespread interest and ,prospered' to the benefit of
head-shaking as that involving those inside." Investors' funds,
Ronald R. Rewald, chairman of said the judge, went into a bowl
the board of what a prospectus into which Rewald and some
':'last year ,described as "one of others in the company dipped
the oldest and largest privately for personal and company ex-
_. L..IA ..-~~...-..~.~.--1 _....-_.._~~-~a ..
.:attorney that Rewald would be
FURTHER ON, the prospec- willing to turn over his personal
`~ 'tus states that 'over the last assets ta the bankruptcy trustee
proved by the company." attempted suicide. Judge Chang
:lured investment program ap- where he had been treated for
.two decades, we have served if he could -play a role in their
fhe investment and consulting distribution. The judge called
community with an average re- that "Ala empty gesture."
:- turn to our clients of 26 percent. And Wednesday, Circuit'
"No client accepted by Bishop, Judge ..Robert W,$. Chang
$aldwin, Rewald; Dillingham & denied a motion to reduce Re-
Wang" -names unrelated to wald's $10million bail. Rewald
longtime Island families - "has has been in custody since leav-
ever lost money in any strut- ing Queen's Medical Center
guished from. the lofty rhetoric, Rewald to flee "to Shangri-la,
'proceedings and that several ' ~ '' "'
;'hundred persons are wondering REWALD HASN'T talked
what financial scraps they con= thus far and at mid-week fewer
` ~~eivably may recover from what than 30 investors had filed for-
?' appears to be between $10 mil- mat claims in bankruptcy tour
' lion and $12 million in original - so there is still considerabl
,investments. ? ;;, '; information pot het spread p
_ :r ~ ...z .,:the record '~~~~-~~ ,~ ,~:.-,~ ,:, . ~ .
.. ANOTHER REALITY is Beyond that, ru#~der our sys-
shat Rewald has been living the tem of justice, Rewald carries a
- kind of life. one usually associ- presumption of innocence until
ages ~ ,with ,,~ so~,-~:,~,fabulously sand u~ess ..'e: is a detertnl?,~y'~
:>~e Fonzi scheme ci! paying the, qfi t comes tp~:iinpacttlon peoples ,..
.i
~
-';, Said Judge Pence: "So;long as.'possibly ev~i~more so - .when ;,
?
Rewald has bean .engaged in a 'just as tragic, just as devastating
"very .strong probability" that white collar misdeeds can be ,_
commodity to be casually and also need to give an accounting?
flamboyantly tossed about .in of their roles in this case. But as
large quantities. ~.. -,:,,, ~.~`'' of now there has been no trial
In a court hearing` the other and no determination of guilt or
day Federal Senio>