HALVORSEN GUARDIAN SUES TO OUST TRUST ADMINISTRATION

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90-00494R001100690050-6
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: August 10, 2010
• Sequence Number: 50
• Publication Date: September 2, 1983
• Content Type: OPEN SOURCE

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The mother of the beneficiary
of the multimillion-dollar Halvor-
r sen Trust filed suit in federal
court yesterday, seeking to have
attorney. Robert Jinks replaced as
the trust's administrator and
char?ing that he mismanaged the
trusts funds.
Jinks denied the allegation and
said the suit is rooted in an ad-
verse relationship he has with
Elizabeth L. Halvorsen since he
fepresented her husband in
acrimonious divorce proceedings
hl 1978-
l,eland Don Halvorsen, a sports.
man and retired oil man, was
murdered in 1978 and the case is
still ;solved. At the time of his
death, Halvorsen was separated
m Elizabeth and divorce pro-
ceedings were or way, Jinks
wiion, Kit. Lee, as the benef ici-
yOtLlizabeth Halvorsen, who lives
next-door to Ronald R. Rewald's
KUHit house, had invested
of. her own money in Re-
wads.bankrupt company, Bishop,
-Baldwin, Rewald, Dillingham &
Wong.
to Oust Trust Admini~
Two
large trust 'fun
McCormick trust and the
trust, 'were' found;,to have
Elizabeth Halvorsen also was'list-
ed an investor and the Halvorsen
trust was listed in cofl* eCtiori
some confusion as to w
invested in Rewald's ` co
Jinks was a consultant to pteweAtl
as well as the Halvorsen trustee: 1`
Jinks, however, while acknowl-
eging that he had used Rewald,'$
company as a conduit to- move
some trust funds into tax shel-
ters, has steadfastly denied that
any trust ;funds were put into 'W-
vestment accounts.
Hayes has said he b s n t
uncovered any evidence that a '
trust money was invested., .
JINKS' SAID he was not sur-
prised that Halvorsen wants him
replaced as trustee because of the
poor relationship he had with
her. Before Leland Halvorsen's
death, Jinks said he was seeking
a restraining order to keep her
from coming into contact with
Halvorsen because of the couple's
stormy relationship.
"This was not a normal di-
vorce," Jinks said.
Before the divorce was com-
pleted, Leland Halvorsen was shot
to death. Although a 47-year-old
man eventually was arrested and
charged in the case, charges
eventually were dropped.
Mrs. Halvorsen s attorney,
Susan Tius, would not comment
on what led to the suit being
filed.
In her complaint, Mrs. Halvor-
sen charges Jinks with "various
acts of mismanagement, self-deal-
ing and breach of fiduciary
duty," including making "impru-
dent and unreasonable invest-
ments into Bishop, Baldwin, Re-
wald, Dillingham &, Wong." She
said Jinks mismanaged the trust
assets by co-leasing the Grosvenor
Center office space occupied 'by
Rewald'a 0, company, and that he
failed U) file .tax returns.
SINKS 'DENIED all the ' allega
tions,. and said' he was not sur-
prised' it was -filed.. .
k%td of publicity,; I_ guess any-
g4s back t6-Don's death. We
(Mrs. Iv n a d Jinks) did
Edam
not' Vie "1:
latlonship be-
cau)*s wig Don at
the th" ofhwd " `
He said the trust has been man-
aged "entirely in accordance to
the principals that it was man-
aged when Don Halvorsen was
a ve.""
Jinks sW he did invest trust
money in tax shelters through
Rewald's company U said there
money company at
was no e
tie timey of t z _pany's cot-
w_
By Charles Memminger
Star-Bulletin Writer
ivo
Approved For Release 2010/08/10: CIA-RDP90-00494RO01100690050-6
able. As a result, he said, the
trustee has to find tax-sheltered
investments for the trust money.
Jinks denied that he has failed
to file tax returns for the trust.
"All of the taxes have been pre-
paid and there are carry-overs
for subsequent years," Jinks said.
THE STAR-BULLETIN reported
erroneously in a previous story
that there was a $4,086 state tax
lien against the trust. Actually,
the lien was against Elizabeth
Halvorsen personally for 1981 in-
come. The confusion stems from
the complex trust arrangement in
which Kit Halvorsen is the bene-
ficiary but Elizabeth Halvorsen is
his guardian.
"She is not involved in any way
in the trust," Jinks said.
Even though, Jinks said, when
he found out that Elizabeth Hal-
/00
Rewald
Alarms
By Ellen Dyer
Mnui Correspondent
KAANAPALI, Maui - Honolulu
Public Defender Barry Rubin said
yesterday he is "seriously con-
cerned" about pre-trial publicity
surrounding the case of Honolulu
businessman Ronald R. Rewald.
Rewald headed the company of
Bishop, Baldwin, Rewaid, Dilling.
ham & _ Wong, which was forced
into bankruptcy three weeks ago,
with most of the estimated $10
million to $12 million dollars in-
vested in the firm unaccounted
for.
"I am seriously concerned
about what I see," Rubin said. He
also said that he could not
";understand the $10 million" bail
set for Rewald, who has been in-
dicted by the Oahu Grand Jury
on two counts of theft.
Rubin's comments came during
a meeting of the Hawaii State
Law Enforcement Officials As-
sociation. The meeting continues
through today at the Maui Marrs
: '-.Ott.
dian S
vorsen had lost her own moneyy
in Bishop, Baldwin, Rewald, D
ingham & Wong's collapse, he in-
creased the amount of payments
to Kit Halvorsen and personally
gave Elizabeth Halvorsen money
to live on.
Jinks also defended his use of
the trust to co-lease office space
at the Grosvenor Center as a
sound investment.
CONCERN ABOUT the Halvor-
sen trust surfaced after Thomas
Hayes was appointed trustee of
Bishop, Baldwin, Rewald, Dilling=
ham & Wong when it was forced
into bankruptcy a month ago.
After looking at the company
records, Hayes discovered that
most of the company's $10 to $12
million in assets were gone. Most
apparently were spent on Re-
wald's exotic lifestyle.
In Hawaii...
Friday, September 2, 1983 Honolulu Star-Bulletin A-3
RUBIN SAID people have asked
his opinion about the kind of sen-
tence Rewald might receive. He
said these individuals do not even
know what Rewald has been
charged with.
"I think there has been a com-
plete saturation" in terms of pub-
licity surrounding the case, Rubin
said. He said the "very complex
issue of pre-trial publicity" will
have to be dealt with, by lawyers
for the prosecution and defense.
Rubin said that he did not
know whether his office would
be handling Rewald's defense. He
said Rewald has not applies to
the public defender's office for
assistance.
But he noted that Honolulu
attorney Brook Hart has indi6it-
ed,. in a motion to withdraw as
Rewald's attorney, that Rewald 16
indigent and that a public de-
s-
ird er ' y4e
On-Ramp
Has State Up irk
till
The questions about who is re- tidnat, an engineering company,
sponsibte' for' cracks in the .eon- to determine what caused the
crete girders of .the- :84 freeway ramp's p~crete girders to crack
on-ramp at i~ sapioltttId' Boulevard and'flak& 'December 1981.
and who should pay~tlherresulting Kesler` Corp.- started building
$4 million it bill twtlll have t r in'August'1980, work-
not been, r ved, state officials in " with a primary design by
said this :., ' . Pacific and a structural de-
'Cheryl, +eput .r h' t of sign _byye Engineering Design
the De. rtni ni of Th M to. Grd nc e. of Honolulu'.
tion., N 1000-10W. CGNSTDUC'I'IO N-.-of ?he ..?n-
Approved For Release 2010/08/10: CIA-RDP90-00494RO01100690050-6
Pre-Trial Publici'
Public Defender
x
Cardoza, the regional commIsstc l-
er of the Internal Revenue Segv-
ice, said law enforcement and the
media "have similar, goals-"--
ety and government.- White`
satisfaction of the public's!
i
government functions" that
and propertyi ? ands influsnc#,4o-
that provides the best con
this Information ao the
and: it is ltfiltt media- why ca
lion or- conduct wie to
t3te. blIc t ' $ ..
o- gave tKeir- views-.ADI the -a opic -- t : flf
E44RLIEt yesterday:
,the cable wire t
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lowed, deftAgn'speelilcp-tiozis In'
Edgar ' K.M. Lee, preside
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