REWALD CONVINCING, INVESTORS SAY

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90-00552R000605490121-5
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: September 16, 2010
• Sequence Number: 121
• Publication Date: August 10, 1985
• Content Type: OPEN SOURCE

0
Approved For Release 2010/09/16: CIA-RDP90-00552R000605490121-5
HONOLULU ADVERTISER (HI)
10 August 1985
Rewald convincing, investors say
Cancer patient, widows, retiree tft-tify
A" *a a* WW
Lad' Sit= the of the i
of Ho noldo
MUM when the Ronald Wn W= a can=
AMW her
iM
mom
"I want tar be a -bt+W to my
e maw as tssttlIsd . st+ ab>?
Metrteeted R MW to aloe cure d her
medical eapeasee &at. Md. tbee to make
sure her children had a house. "I wanted
peace of mind." cube add.
Rewald gave that to her. she Indkated.
He found cut I had cancer, he was vet7
concealed about my condition ... . he
said be would we to she hospital (to we
her)."
Hut when she .was In the boom in
August 19M an o l coi-
tearpted add* t dssopaat! had 's son, Dsiiiei said be tamed oVelr
his stock certificates to Rewald cutter R -
waid, without knowing it was stock in
IBu and Ezzon. told him fWJy to se$ it.
Joseph L Sew the re Iced wooing
supervisor. had had a beset bypass apera-
tlon when be to ud over the last of his
savings and a power of atsot4ley to Re-
Void. -
thought be was qutW do Op:. Sera
_
Sent said Rewald's raports persuaded
him that I was esr~oit Morley fas et
than I ever had in my life.
Katsne Twirl tested Rewald with the
money from bar late humbmWs astale be-
she'd actoaily cobeezed Be pestaat
Interest an an Initial deposit VMS; in
abo m ,dM lme. And BWtop Baldwin Re-
weld Diflo6Ma & Waste appeared to her
to k valve soNd kwon dna names '7[ they
?o bridle . all Hawdil p broke,' air sold.
to make sure shard f
htsbsn's io.... a money to pay the
sea gha ~oeay m Rewald.
She said Beewald told her there use no
risk. the mortar was iiede:afly inas~ed and
she wan SMan seed at lsaat 21Y pe tall i
Sb-
Sbe gat 1600. a month In interest for a
d& s A dated July 28, IM
th the
What happened . Vlvetroa
to that ch e
was asked.
"It bounced." she said.
The investors lined cup in federal coat
this week to ref their stories as_ the prose-
esdou MXW Ui prove Rewald guflgr of
Is tousts of per uy, tax eiasian and
2 me
The tweak" tad the Pareyy where the
money had come hit . Outer
testified about where it- went.
- John Monnett. a dealer in classic: MW
mobiles, said Rewald first bmight a Met-
cedes Be= 460 SL Coupe. in Jane IM talc
i for hi is s `tor a'e. e(ire .
Six we. . hlec Rewald was beep. to
buy a 1867 Ford 7hmtdeebid for $1Sr
418.05 Moooett repahrted R diek be+owa
because -W . Rewald liked dark brvwu. It
was one of his favorite coioe' .0
Two months later. Rewald picked up a
intake edoo~e in Sold veheL Masmett
said.
There was a rush Job to reupholster
another Rolla, file $6$800 Silver Shadow
esnvertibie coupe, becsase be interior
was red and M Rewald'k wife did not
like red."
In all, Monett testified. there were
about eight cars Rewald bought for neseli
Rd Thomss titled that be sold Rewald
his Kalaubnade Highway mansion fdr
1950.000. 00.000 down and $10.000 a
month, after Rewald called him repes&edy
and said: "I can't stop thiokittg about that
botase d yaw - Pre )aet got to leave It."
Head Kerwin testified that Rewald paid
$48.000 a year to have the Rewald chil-
dren tutored. There were diving k ttruc-
toes and an inatnactors, too.
Kerwin told of accontpanyins the family
an a trip to the Far East and watching
Rewald peel $100 bills from a thick wad in
big wallet.
The parade of witnares and sated Re-
wall had very catholic tastes in his dien-
tde, from housewives to WD.s, retirees to
Mray of tltestified that they "felt
homed" to be allowed to invest with Re-
wald, a man who daiaed his typical client
was worth $4 mdlijoet.
out they said they might have iris
otherwise If Rewald bad told them he bad
been convicted of petty theft and gone
battkrtipt In Wlscarmin in 1976.
Would that infarmatlan have trade a dlf=--
~ investor Dr. Gerald Wang uaa
"Yes." Dr. Wong said. "I would have
rut like bell."
Trial will resume Tuesday with testi-
momy from more of almost 40 Investor
witn isea from amoe~ the 400 who pat
$22 million in Bishop Haidwin.
Approved For Release 2010/09/16: CIA-RDP90-00552R000605490121-5