A SHOW OF ELEGANCE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90-00552R000605490054-0
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: September 16, 2010
• Sequence Number: 54
• Publication Date: September 13, 1985
• Content Type: OPEN SOURCE

Approved For Release 2010/09/16: CIA-RDP90-00552R000605490054-0
MILWAUKEE JOURNAL (WI)
13 September 1985
A show of elegance
Rewald went 1st class in polo, jury told
By CHARLES MEMMINGER
Special to The Journal
Honolulu, Hawaii - Money
flowed like a green river toward the
polo fields of Mokuleta after former
Milwaukee-area businessman Ronald
Rewald took over the Hawaii Polo
Club.
It was the job of Fenlyn Kimura,
who testified Thursday in Rewald's
fraud trial in Federal Court here, to
make sure the river flowed at a pace
that would ensure polo patrons were
treated in a regal manner when they
made the trek through the pineapple
and sugar cans fields to Oahu's rural
North Shore.
Rewald is charged with bilking
investors out of millions In the col-
lapse-of his investment firm; Bishop,
Baldwin, Rewald, Dillingham &
Wong, some of which he allegedly
spent on pet projects like the polo
club.
Rewald says that he worked for
the CIA and that the polo club was,
just aaww- y to get to know interna-
tional businessmen.
Kimura is a sister of Suniin Wong,
the former president of Bishop, Bald-
win who is serving a two-year prison
sentence for fraud.
She also was Rewaid's pbrsond
secretary.
She was in charge, of 'paying the
bills that kept the polo balls bouncing
and the horse hoofs pounding every
Sunday afternoon at the beacholde
polo field.
And what billsl
It cost $2,500 a week to rent the
polo field and a practice field. It coat'
$15,000 to repair damage done to the
field by a hurricane In 1982.
A caterer was paid $'1,500 a week
to put on a lavish buffet near the polo
field. When dust kicked up by the
horses began to get in the food, a
water truck was brought in for ON
a month to soak the field. .
Rewald bought the polo club in
1982 for about $30,000.
But that was just the beginning of
the expenses. It cost about $26,000 a
month to run the club the way Re-
wald wanted, Kimura said.
Rewald Insisted that everything be
"nice and classy," from the slick polo
magazine to the blazers and ascots
worn by the players. There was a
string quartet and a large tent to
shield visitors from the hot, Hawaii-
an sun.
At a polo dance thrown by Rewald
at the Waialae Country Club, Rewald
spent $3,437 so that each man could
have a solid plastic cube with the
polo club logo Inside. Each woman
attending the ball received a rose.
The men wore tuxedos, and Re-
wald told Kimura privately he was
afraid the local polo players might
show up wearing white socks.
Rewald sometimes paid for entire
polo teams to fly to Hawaii, Kimura
said. And any team that came to
Hawaii was put up for free at a local
hotel.
Rewald, 42, was born and raised
on the south side of Milwaukee,
graduated from South Division High
Schoool and attended Milwaukee
Area Technical College when It was
known as the Milwaukee Institute of
Technology, which apparently laid
the basis for claims to people he
wanted to impress that he attended
MIT.
He was president of the old Col-
lege Athletic sporting goods store in
Milwaukee, which went bankrupt in
the mid-1970s.
In 1976 he pleaded guilty in Wau-
sau to selling unregistered franchises
in a sporting good store and was
fined $2,500.
The jury also was told Thursday
about Rewald's expensive taste In
women. Three of them took the stand
to describe in sometimes embar-
rassed, hushed tones, how they came
to know Rewald.
Kim Zitter, a secretary for two
lawyers who worked for Rewald,
said Rewald "seemed to be the an-
swer to my prayers." He paid her
$600 a month beginning In 1980 and
continuing until the collapse of Bish-
op, Baldwin in 1983.
She said she had "social contact"
with Rewald at her apartment on
four occasions. She also invested
more than $5,000 of her own money
in the company which she lost in the
collapse.
Carol Sallas said Rewald asked her
to "spend some time with him" in
1981. Sallas was helping a contractor
decorate Rewald's house and at first
declined, she said.
She eventually did have sex with
him on several occasions in the
downtown apartment In which other
women have said they also visited
with Rewald. She at first refused to
accept a $500 check Rewald offered,
but later changed her mind, she testi-
fied.
Rewald continued to send her
checks, she said. In all, Sallas re-
ceived $14,000 from Rewald, teeti-
mony showed.
Jeanette Roberson, a part-time
legal secretary, said she received a
$1,000 a month from Rewald begin-
ning in 1981. The money was to help
her get through college. She, too,
eventually had sex with Rewald.
After the collapse of Bishop, Bald-
win, Roberson said she realized that
Rewald had given her the money
because she agreed to have sex with
him.
In all, Rewald spent $270,000 of
investors money on women, the gov-
ernment contends.
Federal Judge Harold Fong said
Thursday that he would not Issue
arrest warrants for two women -
including a former Playboy center-
fold model - who failed to appear to
testify.
The women's attorney, Arthur
Reinwald, assured Fong that the
women were on their way from the
mainland.
Cindy Brooks, Playboy Magazine's
1985 Miss April, and Susan McGinnis
will return to Hawaii to testify, Rein-
Approved For Release 2010/09/16: CIA-RDP90-00552R000605490054-0