Ronald Rewald
| Ron Rewald | |
|---|---|
| Born |
Ronald Rewald September 24, 1942 |
| Occupation | Investment adviser, football player, alleged CIA agent |
| Criminal charge | wire fraud and mail fraud |
| Criminal penalty | 80 years imprisonment |
| Criminal status | Released in 1995 |
Ron Rewald (born September 24, 1942) is a former Hawaii investment advisor, professional football player and self-described CIA agent who was convicted of wire fraud and mail fraud in 1985.
According to Rewald, he attended the Milwaukee Institute of Technology, then spent a year working for the CIA monitoring underground anti-government activity at the University of Wisconsin–Madison before leaving the CIA and attending Marquette University, where he played football. There is evidence that this was a fabrication and that he only attended the Milwaukee Area Technical College.
Rewald's football skills did attract interest from professional teams in the National and American Football Leagues. He signed with the Cleveland Browns in 1965 and trained with the Kansas City Chiefs in 1966. In 1965 Rewald played halfback for the West Allis Racers in the Central States Football League while on a one-year leave of absence from the Chiefs.
After his football career ended, Rewald became president of a sporting goods store in Wisconsin called College Athletic and expanded the business across Illinois, Minnesota and Ohio before selling the franchise and moving to Hawaii with his wife and five children.
In 1978 Rewald established an investment firm in Hawaii called "Bishop, Baldwin, Rewald, Dillingham and Wong". The firm's name incorporated the names of Rewald and his partner Sunlin Wong along with the names of three prominent kama'aina who had no connection with the business: Charles Reed Bishop, Henry Alexander Baldwin and Benjamin Dillingham. The firm claimed that funds were guaranteed by the Federal Deposit Insurance Corporation up to $150,000 and that minimum returns of 20% annually were guaranteed. (As the firm was not a chartered bank it was not eligible for FDIC insurance.)
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