We finish The Crimes of Patriots A True Tale of Dope, Dirty Money & The CIA By Jonathan Kwitny in this one.
.... Donald Beazley, working to resurrect his respectable American banking career, continued to try to disassociate himself from the scandal. He told the Wall Street Journal* that Nugan Hand's only U.S. business was arranging mergers and acquisitions, and that he had quit the bank because "the merger and acquisition market went to hell." The Journal, at that early stage, was unaware of the American deposit-taking.
*Reporters E. S. ("Jim") Browning and Chris Pritchard.
George Farris, the Nugan Hand Washington representative who was reached in 1982 through the switchboard at Fort Bragg, North Carolina, where he was on secret assignment for the army, remembered Beazley in charge of the company. "After Frank Nugan's death, all things came out over Beazley's signature," Farris said. This lasted "at least through March of 1980."
According to the Stewart Royal Commission, Nugan Hand employe Andrew Wong talked February 4 in Hong Kong with Beazley, "who gave him the impression that the Nugan Hand Group was financially stable and that there was no need for concern about the future of the organization." The Stewart commission said that "in order to forestall any run on the bank following Mr. Nugan's death Mr. Beazley had made public statements in Hong Kong to the effect that the bank was sound." But it accepted his word that he was dissatisfied with the information available in Sydney, gave Hand his resignation, and left Australia February 13, 1980.
Says George Farris, "I know he said he submitted his resignation, but I know when he came to town [Washington] at the end of February he was still assuming his role as the big shot, reassuring me that everything was all right. Nugan Hand was still going to go on to great things." Questioned about what Farris said, Beazley acknowledges it is "possible."*
*My interviews with Farris and Beazley on this point came prior to the Stewart commission's interviews. John McArthur also told me that Beazley had telephoned him in Hong Kong from the United States on Nugan Hand business as late as March 21, 1980, still acting as if in control.....
And the Clowns were right back at it in Hawaii
.... In 1976, Ronald R. Rewald, who would become chairman of Bishop, Baldwin, Rewald, Dillingham & Wong, was convicted in state court, Wausau, Wisconsin, of theft and the illegal sale of franchises. Essentially, Rewald and an associate had conned two high school teachers into investing in a sporting goods business under false pretenses.
Rewald was ordered to pay $2,000 restitution and spend a year on probation. In 1978, both the sporting goods business and Rewald personally were declared bankrupt in federal court, Milwaukee. He had personal debts of $224,987.93 against assets of $1,429.50, and his company had debts of $126,559.19 against assets of $27,326, the court records show.
That same year, 1978, Rewald opened an investment concern in Honolulu. And the United States Central Intelligence Agency helped pay his office expenses and gave him work as a message relay station and a cover for covert operatives. His investment concern was originally called CMI Investments, but soon changed its name to Bishop, Baldwin.
And by 1983 it was thick with CIA and other intelligence men— one of them working on its payroll in his retirement. A couple of air force generals bearing a total of seven stars graced its roster of backers. That was the year Bishop, Baldwin, like the sporting goods business before it—and like Nugan Hand three years earlier—went into bankruptcy.
The full text plus 57 questions the CIA would not talk about in public,here
https://exploringrealhistory.blogspot.com/2020/02/part-12-of-12-crimes-of.html