WHO IS RONALD REWALD?

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90-00494R001100710037-8
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: December 22, 2016
• Document Release Date: August 10, 2010
• Sequence Number: 37
• Publication Date: July 28, 1985
• Content Type: OPEN SOURCE

Approved For Release 2010/08/10: CIA-RDP90-00494RO01100710037-8
The Milwaukee Journal Business
Sunday, July 26, 1965
Front Page
_~a `~r? ?l~~i''' ; a ti?S 't.(i_ .,rx . ' ,! .f.:
.Who Ronald RewaldT
,
,.~~...~.~~..~.s ~ ..~ ...;;,. ~.? .. ?r
.~.~ .. ~. ~; , , :~ - ..~...
-
.
.. Peif0a~ - ~ + 'i:` SportMp`,000ds saMlman. Milwaukee.. ? HMO ~p~ity fn Wauia~.~wd~'to idWr
? 42 years old, iris in :?,. " ' nor for selling franchise in tportw p
Los Angeles- :19fi0s .: ppoooodds~
a Sam and raistid an Mbesi*Ns. South -?' ^ Pre.idiiik -Co'AtNsdc .ins: iponing stop without registration.- 1916. paid ?$3.S00
Side graduate d South Division ifh Sd+oot 9~i.' *i!, 172-75; Mm went DWG an on. K,.' ?< ieh ?-='.:'
attended MiwaukS -k titute Cl echtabgY * rapt n 1975. a a ganged W" f+p oount~ tt, HorioMru.
1
(now 960s Aw Are. Tact>rrw College) !w!r-:;fkaO'Chdinhin rald Dingitdirnn i.`wadq:, Honolu :?~ swd? CIA -for s6i1`n,ilor;.:br?aiepely
^ Moved Nom Miwouhae area to HortolWu n': candling 9nmt 1976-1963: =placed In lnVol? a his company and reputation. 1964.
1977 after business and personal baduuptalr, untery bankruptcy in 1969 /Charged wiM 100 federal co sts in con'
to Los -Angeles . in 1964 aher 1963 bsMtas ' ractbn with alleged $22 rrslion fraud. 1994 (2
bankruptcy, suicide attempt. and felony Visit ,'; t later dropped an technical gra+rtds)
2 AL As-
Rewald'i trill on 96 Barges b echedied lo- , ; I_ Pyjigy*(4 Octants)' fah uIsstyle " ... .
Aug. 5. Iederal court. Honofrulu -. ,. ? interne lax aria on (4 counts) : a To "Maintain WIsles facade of: oil, I.
Prosecutors will algae he charmed 922 mb ^ IMerft80 hafapan of stolen9atde;.(3 . kwesiment adlriftr.": -
ion from about 400 investors. W41" faring,: ,potmnalsl : ?` .;. .- '. . . i .:. To W7 beau who, now for
friends and employes. He led to ttanti itdct- to Fab. staNnaras to .fells ul agenda (4: ' m on ey. creating 'tine ^tsion pat invsainarrs
-mint charges, saying his was old?Bie invest-,. ?ootante) . f :. ; . .. .. 'lad been made whidt produced earninim
Mint fum making sale but lucrative short term'..:- I Misrepresentation concerning Feder*i,. indictment NO Rewald spent $5.56 mion
internationsl frtv.strrtertta . , Oeposh iteurarno. Cap "itsurarnoa (6 co rNS) : i Cl investors' moray on woman, polo. ho see.
- Hewed promised plum of 26% per yoor:,t U.improper behavior as investment advlser'~fnonnes. renders era rind outer personal ix-
with accounts awed up to 9150.000 bye %d-.- ;(2 tourers): panes.
eral agency. - ?r ?indictrrartt fay. ails =623.000 d iZZ mtson Also figs Ae`fed h sworn statemerm when
frK went nip bueirt.es deals. Remairnder'ai.pedly ? d.irnng firm created and operated under n-
-- strudionwirom Ci).
tun, and for the past hve years here been.: as sin M4 ch to plow funds .'.. to be used h to ioinlrin.: ?' -
a covert agent for do Gntrai kileigenee foreign operations overseas ... to shelter mon- . Access to international investments now
Aoe~y ? 1K of highly placed foreign diplomats and busi?? blocked. the sips. by danger to i-fueftiW peg
71rs Aewald deini in sworn 1963 afldava lot rassnart" < pia from exposure 01 CIA M
.
s CIA work Mat Bed CU affiatlon began mid 1960x, he says
weld sa
1963
B
i A
y
e
.
y
bas
US Bankruptcy Court. iss for his deleris
? CIA confirms using km?and some subsla? conomic kMeigence in Chia: Argendrta wee when he wasfiired b spy on protest-acdvilee .
cries as cover for secret agents; carirms Re-- -deft in indls: Taiwart; prisoner-al-war arch in at University of Wieeorain - Madison
wald signed employs secrecy pledge: dents I ? Cambodia: cu"w" ^egal transfers In Grooms. Can Rewaw prove charges? Goverraneri has yon 'bity for firm's activities - CIA Innded polo?duDMestyb. Flo aid said.- tried to keep CIA documents from lien Prose-
raRewaid says CIA suggested setting up WW- to help alfivate.nfatlantypa with Asian. Mb, tutors tried to drop perjury Charges - Meiling
op. Baldwin in 1979 suggested uang nuns of ? bionakes; also provided forged Marquette a-" to CIA Who in alidevit -- to avoid ii troQuc-
old-fine Hawaian %n oes in company name: . plortnas to give him academic respeclibbil~1tYy lion of CIA Material as evidence.
wgpetled tales story about Its history and flan. (sin aoccnpanyfrt9 story). To help Mat nte8? - unknown tow ineucn CIA ntomytiof we be
RewaId says CIA in 1960 'began using Ma. genoe activities, he says, Honol a qA chief - slowed at trial,
Bishop. Baldwin irvesfment accarant as a valtl? - Wccornh mare John IOndeCfll - 'leh' apsncy' "
Approved For Release 2010/08/10: CIA-RDP90-00494RO01100710037-8
 Approved For Release 2010/08/10: CIA-RDP90-00494RO01100710037-8
Ronald Rewald and the CIA
Coming trial may shed light on shadowy ties between the 2
Dy JACK NORMAN
of no Journal MR
T e criminal trlel of MUwakee-born Kaaald
Rewald is scheduled to open In Hoaolul Fpdinl
Court an Aug. 5, two yearn to the week f er M
found in a Hawaiian hotel room, wriota
The fight bstbr+e, M had watched a Honolulu
TV tale. enpoae some at the aseiler side of his
coomitbg flan led Me milroodr+e life
us Central
x for tm t
me OWN Ageay ~r be work
Rewald le an a the most atrawwat albged
ever to asps out of Milwaukee.
e br wo so nth d Ws most umuaral
M 1m the trfa4 the govermneot is IFF otad to
argae, in * pre atldou area P momtor said wand
take two to few maths that Rewald
nearly 400 lavealors of about $23. Hon asd
Vat sdlMons of that as hislavish pole -dub Mte-ety TM dehmM Is expected to sagas that he operate
eel under sales froal. ad with the knowledge
and con" of, the CIA.
What's at state In his trW as IS of
fraud, palmy said other charges Is more than M
man's criminal guilt or Innoosncs. At balsa also b
how teach of public aid be allowed to barn
about t ho Involvement of the CIA In bASrnatlonal
finance.
There Is no doubt that Rewald was Involved
with the cm and the the CIA *m Involved Is
some of his Iatsrssdond dssMngs.
The agency has canrmsd, for maple. that It
had his dga one or more of its pledges to eseray.
dummy which It used IS swan let
corpofmreaa
covert ooperadoss in the PW Rest.
The CIA hr mid that this chahe to BewO d
made out by CIA Ilsneluls wallas chief !erns
thehl tee ae
ae uedlaolsasd S aihsr at CIA Maur epsrsrd cart
of RewaWs waUWMl sillies. RMdsdd hlssNW
Joined Rewald'e the as bb asp Me.
For two VW% the agency has onessalMly
out of public INdo - ad is hasp aM of
hundreds of CIA dseraesmi be has adhsd for art
of open court. IM tital ma~- be the bat eppor1^^1
ty for public dlaeloanw 01 this limey's rte'
mint In his flnaoMl ds.Nngs.
Plssee ace Slow _-116 Pogo 6
Approved For Release 2010/08/10: CIA-RDP90-00494RO01100710037-8
 month opsrada. fat anneal sta0? meta and Sbaflmd. feu be dams to gaiters Spina m/ntfos. .
and federal agaeles ware tavostlgit- ' ginss been gm by the sgney. . -? -no, committee can: fed so lag him. ale wNa this was npoeiad - 'Rewald travotN to Argdmtima'see Mat the CIA bstrueted Mr.
as Honolulu 1V. Rewald attempted whin that may was at war with -12ewald. to to dos financial
nddde. gt~m..pr~e~ag to be btereeed b ty that .Ns bdbn
Among the bad"" aisle with %Wft a- bast. All the W1 W46 M 00% rbar of J ides. MW Mlamitts Is
Wisooma eoesxCS that be was be was obtaining bformedoa on at eoscaaed, howavse. IhSt one or-
working on at the time of his crash effect Of the crisis on the Argestbe more CIA employes may have acted
were as attempt to spas a version at ban Sys in an aaprofesalapd way, eadanga-
lfilwadkiams David kMwb's !star JSynal asrtier reported. a -11ma~~ -thelrewar isi-ethaa cow. Is
Haw bar Is Hcsolub; a $ mdiIon Reams nseoelate, Robert Jake, told '-treed eaiaraear to 1iAa what they
realeataa deedapmestpaopct wit the Saurltlu and Zzehasge Co.- thought would be esormove profits
Mlwaukss's Nsekws@Um mission that while Is Argestlma. by Investing mosey with Mr. Re-
_ market -?b Pat GA hOMPM to 4w " _
C fo., whicch ales ofi pts~ductfos fmrdes bus ped by ing soma: of IN g aft
I P
equipment; and a pis 10 open a wealthy Ar$eathm who feared a. W9 greedy? Or was the agency Itself
Hawaiian ..raise of Tommy fart- Drltish invaabn. too greedy in the is it made of
ktt'a water show. At the time of his collapse. Rewal Rewald?
Rose Co. owner R.J. Rothen waspreparing to hire onto his staff The real fight at the upcoming
learned that =met ing was going am Soho Saga. whose resume de- trial will be between the govera-
wrong when be got a phone ON scribes Mn so a CIA epe alst as meat's attempt to restrict testimony
AN* after the soldise ea was hum Sap atti . he Soviet and Middle East affairs. it and evidence to non-agency matters.
pie Re- chiding a tour as "senior CIA repro- +nd the defense's desire to bring out
wall's iadlsa associate. eesjadv.In MOSCOW " toe much as it can about the comma-
Remembe s Rotbes: "1 got a all The CIA has said that It learned On between Ronald Rewald and the
from Pasrich is New DWM raying. G@ft in 1W3 that acme of its agents CIA.
'Don't weary about what's
In Hawall. we stfl have a ?
Rotba, who bed been negotiating
for Rewald'a am to represent his to
lads. Indonesia and other places
devebpment poteatlal.
With 011410M
took his bodoess elsewhere.
Some of Remelts other bmdsem
deals are murkier.
The Flood of India, for example,
seppo e r a stock fund Investing In
Indian compaaies,. was described by
Rewald as designed to allow wealthy
bwhm to smuggle money out at the
country.
On the fund's board of directors
were Reward, Daldwia. PamHeh. Par
rich's daughter. then a Marquette
Udveralb sadist and Gaylord N&
no. no former Wisconsin pwrsor
ad Sasser.
No= =U be dis't know above
the fist, sad best learned about IS,
?t1~sjow~.tsapasty
Five years inter. be bed bunt Me p~9 aA.c'pam"M Mar top idea a a praedoe does sot cam-
MshoP. faidwlA RawaY. ~yw~. at- fssetfons about the acenoare and ,. mast on cased atrnsty trill.
Wong firm tote a sWtassi-daiiac-r poftfcdeNaadon to A-1- lad -::- t the Rawer l case b rr
^ - t .v IW.IL Add i zm i-.nria nisi ME ^ E -Nu
Approved For Release 2010/08/10: CIA-RDP90-00494RO01100710037-8
iL I, laser P . "W. ~allllr b a rR all r- wba wade
l
slow f e & s ad m Ma MW Ilea waIi t be "W_
RasaY Rtwafh R appaara. was a W beas uW rasafad Nabe& wM dal InrIS"WO w
..a.p.alrs ? to Wee dnrtaa MW war as Wlwreen r irtar. The Now
new ant * and ~Lbalhaaa. o ss IRh
~- ~~ MMui Faeeleh wa eoa? ~Nie ~a CIA''s s a~alita writ
Mtwoa P1w% b min deafng all amid as 11011111111114 be emlaeteasaa" plw lot them to cal Mt the
secret kMarpase VOL He ad Ma f mwta has Haled Rewald'a ee avid bMarleg w swat.
CIA wore teat! a eSdh alit. cwm Mat at faced wa a SNIP One CA meat wWta f tot Re-
RewW W alw i been as tNl? shame. as nand as Re. wade sacs 113$. going by the aatae
dons mawwonsa. In YDwaukm he waW dds that finals. RawaM Richard P. Cavaaaagh. wrote Re-
had risen from a sperdag-Betas and Paokh were aapdafta a secret weld In June i1S& after teceiveg
salesman to the owner of College sale of malltary equipment a same Orders have CIA headquarters to
Athletic Inc., a old-has eapprer of tadlass. /Wwla aW Me aircraft clean up his Mshop. Baldwin acdvt-
aports equipment to schools ale aycr dlaeaoba were gm en-&W ties. "Thanks for settler everything
teams. pt~o~sc4. cloned out for me." avannau fib
He had the idea of franchising W - 1'he ladim arms dad was did wrote. "Uafortaaate. from my view,
store atoned the State. toy before cam in a 1153 conv.rmtloa be. but it at least dean the air with my
the concept of franchised two Rawuid NO Jed Rndb. Men home office who are now seemingly
pods stores task M ~ CIA Heauls et.llsa skid. Rawdd saddled that that IF as 'apparaat' I ISBN
china two ssaa' Wvaaomi. VA- bagua Conflict of eternal.
to worry shoat as hsoseaalRawana "They were not alga l$ Mat then
without naitarfe$ !t wIM tw ease. fisrlae broaligattea acs/ at pool- wasarpr 'real' conflict of lageaat. Out
semi pled grip it lm to a tnlsdr ~, that ra CIA WON abtados (apwseta] must be MT, Uft tssaaot. esaspmy taped, ad the next year. afro bah business ad ado 5 aattosN daefap west lea' has also been taksh cite at."
personal Msknpldse, be ldt VW asdw CIA dlnetlas RawW eWma. Cavasue aYad.
wanks for Hoso'Ua. ANN", Me docamwb retrieved lot la Is 1 rep st. the US Hesse Of
Within a year be bad ostshb sd yin ilia bb offtm and home before Repnasntatives salter ammitt s as
Approved For Release 2010/08/10: CIA-RDP90-00494RO01100710037-8
 Approved For Release 2010/08/10: CIA-RDP90-00494RO01100710037-8
How did Rewald get MU credentials?
the
'
One of the puzzles surrounding Ronald Rewald,
expected to figure prominently in his trial, Is the
Marquette mystery.
How did he get the two Marquette University
diplomas that hung on his Honolulu office wall.
business
one a law degree, one an undergraduate university's
degree? How did his name get
computerised alumni rater? All partly agree
He didn't earn the diplomas. ad for credit
they were fakes. Rewald never enrolled
there.
swore affidavit
Rewald's story, an at out In art In
Der
filed with US BaakrupteY Cou 1193, six weeks after his firm's collapse. Is
this:
U 1971. Rewald met with Eugene W MdNeff
of the Central Intelligence Agency's the
tics. Welch. said Rewald. suggested setting
Bishop, Baldwin consulting firm. Wrote Rewald:
"As we discussed my specific role with Welch.
which was to involve my visiting numerous for-
tip countries In my role as an international bust-
tees consultant. and attempting to cult) e social
-rN brtslsess contacts with wear ofand ficial.. I
~csd bnslnesames and govern
?pabasn concerned that I did not have, and needed
tto MiontetMng sufficient in the way of aca?
demic Hain to carry off the cover of as In-
ternat. businessman.
"Welch said that I world .therefore be given
degrees from Marquette UnlveI lty in both bust-
l
I received from the CIA printing office In Was
ington the two parchment degree". ? ? ?
As part of the Marquette UalwSslty cover. the
CIA also arranged for an to be enrolled In the
Marquette Alumni Association and gave me a
Marquette class ring "
charged with perjury. The Issue Is Important
because the key ism in his ~ be how much
CIA
rquette ooffefe or they have nINS o Mu wawbow
he
A pprintoutMt~Marquette alumni. dated Oct. 23.
toll). lids Ronald R. Rewald with IN Honolulu ad-
dress and an Mendfeatlon "Ober. That number
identifies Rewald as a 1964 gnMw-te of the law
school. explained alumni director Inni1980
Tom hloatl tNgd was
when Rewald wrote the adversity. asking for the
names of Marquette alumni living In Hawaii. say-
Moats
Ing be wanted to do fund-rdslag work.
now at the University of Dayton.
Ing him up on the ahnd roster, findpg his eaa
and sending tit list.
The standard criterion for getting OR the roster. qXplebNed, was etteadana at Marquette
f~onnegfill yibr or its equivalent.
ad Moir
s mane Set on
did Rewald
So how
tiegel didn't know. Nor did current alumni dim-
tor Eberle.
it wasn't the first time Rewald Posed as a Mar-
quette grad. A 1974 Mliwwkee Seeded profl le of
Rewald's sporting goods store. College Inc.. describes him as a Marquette bnslner admisif P
-
Istratlon graduate. MONO DINO be W -
range Rewald make it all up
range to get his woe es Margwess's dumul r*00 Did be
his a lief nepeede~ is pacing mt .
as a graduate lead Mm to suggest that to Welck?
Did the CIA get his name an the roster and aegis
the diplomas?
Either way. It se.me6 a meow UMPWW with
Marquette's alurd roster.
The CIA may not be anxious to haw this. quss.
tions discussed in open court. US atteessys r'a'w'
ly asked that the per}r7 ehar Si. re-01-I
Rewald's chkns about Weld get a tie
remaining charges. They
trial on the have.
Bat a federal Judge rsfurM. saying RNOO a
waited too long to file the motion.
So a courtroom battle Y at. is try to will.,
Wong other things, the Ronald RewaM >Iiargaetta
mystery. -JACK NORMAN
I ,
Approved For Release 2010/08/10: CIA-RDP90-00494RO01100710037-8