Whatever
Happened...
Question: What ever happened to Ronald Rewald, the man who bilked hundreds of Hawaii residents, including many business and social leaders, out of millions of dollars in the 1980s? Scam artist Ron
Rewald now free manAnswer: Rewald was convicted in 1985 and sentenced to 80 years in federal prison for bilking more than 400 investors out of more than $20 million.
On June 23, 1995, Rewald was released on parole from the Federal Correctional Institution Terminal Island facility in California. He was not eligible for parole until October 2015, but Assistant U.S. Attorney John Peyton believed a back injury Rewald suffered in prison may have been a factor in his early release.
Rewald is eligible to receive $150 per month because of the injury, which has confined him to a wheelchair.
Following his release, Rewald lived in Los Angeles and reported to his probation officer in Studio City. The federal Parole Commission later released Rewald from parole, and last September, the probation office closed Rewald's case.
"I no longer have a file on him. It's been quite a while since I've seen him," said Randy Limbach, Rewald's former probation officer.
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