RONALD REWALD

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90-00494R001100690061-4
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: August 10, 2010
• Sequence Number: 61
• Content Type: OPEN SOURCE

Approved For Release 2010/08/10: CIA-RDP90-00494RO01100690061-4
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, ~"Jj7MJW 4K .0 on Cr0 i
um and its property to the ,corporation iii;
1981. During a foreclosure proceeding lam;,
year, Von Cram said, he learned that:
company president Sunlin "Sunny" WolN
never completed the deed transfer and
Bishop, Baldwin was unable to sell
property.)
$130.000, most of them apparently fron
Kim. (Hayes said these and the Von Crori4"
loan may not be collectible.)
? Office furnishings worth $2 million`
(Hayes says $150,000.)
? Bank accounts with $280,000 on d
it. (Hayes confirms.) ,
? A $500,000 interest in Motor Cars H*(.
waii. (Only $241,000, says Hayes.)
? Some $40,000 in sporting goods stores.,
(Hayes confirms.)
Rewald said his personal assets have a
net value, at best," of $3 million. includ.' t
ing a $1.8 million equity in his home. Hew
said he bought the home with money made
from sales of his Wisconsin home (a $23,-
2001 and his former Kumukahi Street
come. Those transactions, he said, pro
duced the $50,000 down payment on his
present home, plus the $200,000 due and
ancy, $137,000. on a promissory note.
;.,;had been made with Bishop, Baldwi
funds. But even if that were true, Rewal
said, the total was no more than $340,000
vindicating that he had a right to 42 percet w
of the value of the equity. in the home.
(Hayes has said the home is an,asset ot.
the company and the equity may be worthy
$1 million.)
Rewald said there were other, less tangs.,
ble, assets in the form of deals which her'-,`
susgested were scotched because of bad
publicity abouvhis firth.
Rewald said he hoped that some day';;
"Bishop, Baldwin (will be) in a position to.
assert a claim for damage against these;
responsible for the present chaos." The;l,,
claims would include the value of work or.
projects halted when his firm shut down.
Rewald said, "On July 29, before I learn.:
ed of the Barbara Tanabe television broad-k
cast (raising questions about the firm), I
had completed a deal with Cliff Melim of'>
Northwestern Mutual Life Insurance Co.
for a 10 percent interest in a $29 million;
project involving Mokuleia Homesteads, a`
large residential project on Oahu."
Not so, Melim said Friday night. Melim~
said Rewald suggested he had the political;,
clout to get the Mokuleia project through
the government bureaucracy, and would.
do so for a 10 percent interest. "I said we'd:
think about it," Melim said, but it was a-
lgng way from an agreement.
The same day, Rewald said, he had re-`
ceived a report "from one of our consult;,
ants who had just returned from Spain to
outline a project in which Bishop, Baldwin
... would have had a $22 million control-
ling interest in a residential development
in to Grande; Spain.., _>.
Hayes said the company to his knowl-
edge has no interest in any real estate
developments in Hawaii S n or any-
w4 elf t% t l"
;Ronald, Rewald
motion for summary judgment in the bank-
$ uptcy case.
Smith gave notice in the filing of his
intent to rely on classified information in
Rewald's case - a move that would lay
,the basis for seeking dismissal of charges
Against Rewald if the federal government
slefuses to release such documents. The
federal government hasn't filed criminal
charges against Rewald.
Smith said his client has been railroaded
by the media and hamstrung by the courts.
"If it appears to the court from the evi-
dence adduced thus far publicly that Mr.
Rewald has run amok with investors'
money, then it is equally true that the
media has run amok with publicity in this
case and thus far has swept the legal sys-
tem along in the bargain," Smith said;
"Effectively, Mr. Rewald has been cbarg
ed, tried and found guilty in the public
press and has been deprived by the court
system of any means of defending himself,
all without a_ trial by jury, which is his
cones . bi Ate, , is not
Approved For Release 2010/08/10: CIA-RDP90-00494RO01100690061-4