| Released under the John F. Kennedy Assassination Records Collection Act of 1992 {44 USC 2107 Hotes. DATE: 11-14- 2017 : ae aa “ Nee \pem Sad | . . APPENDIX C CHRONOLOGY OF IBT BONDING May 7%, 1957 Anglo Canadian Underwriters, Ltd. opened account at Underwriters Trust in New York City (closed April 25, 1960), c/o Lindhauer, 44 Wall Street, New York City (Hopps' office), President John D. Corbett, Vice President John D. Guiness. Signators included Harry R. Hayes and Henry A. McCarthy. Hopps said that this company was a brokerage firm and that he was Chairman of the Board in 1999+ September 1, 1958 Pacific is sold to Commerical Standard. Service Company's business shall remain. This company had been used ; as the general agent for Homer Bray Services, Inc. when Charles Bray's father, Homer, was alive. Pacific holds title to a building in Alburquerque, New Mexico which may be worth from $15-40,000. (See value given it Nov. 2, 1959.) September 1958 Homer Bray Services at or prior to this date received $50, 000 unsecured loan from Evanston Bank. The loan was repaid i sometime between September 1958 and September 1960 (See Dec. i}, 1959). | May 1959 . Charles Bray met Stuart Hopps. Hopps had previously known Bray's father. ee August 20, 1959 Affiliated Brokers, Inc. opened account at Underwriters Trust, New York City; Chairman of the Board, Stuart B. Hopps; President Edwin J. Ryan. September 14, 1959 Landrum - Griffin bill passed requiring bonds for | union officials who handle funds. Early September 1959 Fidelity and Surety Company “wats contacted; but as required by Landrum - Griffin Act. ma Septenber 18, 1959 Bray writes check for $1, 687. 50 to La Salle National Bank i _ as repayment of loan. September - October 1959 , Bernard Linguist | of Linguist and. Burns ,. La1 W. Jackson Company of Pennsylvania solicited by non=Teamsters union re ‘insurance - and also by Jimmy James whom he turned down. Linquist said hé also wrote for Reliance Insurance Company of Philadelphia, that these companies were stringent requiring detailed forms and credit reports and that the Summit forms were a joke only Ea name and address. oF - 7299-3 oy Saat) Doclda: 32329636 Page 15
| Released under the John F. Kennedy Assassination Records Collection Act of 1997 (44 USC 3107 Hotey;. DATE :* 11-14-2017 ‘ . - ® , . ei. . (p04 ; , we September =" ! ae October 1959 Allegation that during this period there was a 'friendly' audit by Illinois state inspectors who suggested a $52,000 transfer of funds from Homer Bray Services to Central Casualty. The transfer was made and then, after the audit was over, the funds were returned to Homer Bray Services. October 1, 1959 Associated Insurers, Ltd. opened account in First National Bank of Evanston with $10,000, c/o James Bray, 820 Gen Ayre, Evanston. The $10,000 was the proceeds of. a loan Associated Insurers Ltd. received from the bank that day, which loan renewed January 12, 1960. October 5, 1959 Bray sent check for $5,000 to Affiliated Brothers, Inc., broker for Intercontinental, for reinsurance deposit with Intercontinental. (Hopps said this check was for his services. Hopps also said that Intercontinental Insurance and Surety Company paid $5,000 to Affiliated Brokers Inc.) October 5, 1959 The IBT in a letter to the locals recommended Summit Fidelity and Surety Company of Akron, Ohio for bonding. (Summit had Treasury authorization up to $70,000 for any one bond and needed reinsurance.) Up to $500,000 contacted for \ reinsurance United Benefit Fire Insurance Company of Omaha -and Stuyvesant Insurance Company. October 6, 1959 '_ “[iTinois agency of Summit was incorporated with Weiner end Schwartz as signers for bank account along with Lucille Ferkin (Allen Dorfman's secretary) and Myer Breen, a Dorfman associate. . October 7, 1959 Associated Insurers Ltd. check stub recording $3,000 to Bray to repay him for 7,500 shares of Universal Guarantee and Trust Company stock. (Hopps said in May 1960 that he has no interest in Universal. ) 1959 Menerovski with Lake-State Auto Association in Chicago, Dilinois, approached Frank Wright of United Bonding of Indiana- polis about writing the IBT bond which business he said he had. (Marty Silverman, Wright's Newark agent, received a similar proposition from unknown man. ) October ~? About October, 1959 Summit's proposed reinsurance deal with Munich Rein Company, New York City fell thru. October, 1959 Bray check for $4,000 to HBS, Inc. for repayment of loan. | Docld: 32329636 Page 16
|. Released under the John F. Kennedy Assassination Records Collection Act of 1997 (44 USC 32107 Hotey. DATE :* 11-14-2017 SY . . October, 1959 October, 1959 October 1959 November 1959 + ~3- Bray advised ICC thet he was abandoning old pool arrange- ment in the West and entering new arrangement with Intercontinental Insurance and Surety Company, which would reinsure 50%. Harold Weingarden, accountant for HBS and associate of Charles Bray's father, said Bray lost United States reinsuring arrangements after some heavy losses and so turned to Intercontinental of Panama. According to the report filed with the ICC, Inter- continental retains 50% of a maximum individual loss of $15,000 and does not cede any part of this. (But see Nov. 2, 1959; Underwriters Trust records in New York wherein it is stated that Intercontinental cedes 50% of their part to Mediterranean Insurance Company.) The information to the ICC was that Intercontinental was the successor company to La Estrella Steamship Navigation and Insurance Company of Panama City; Bernardo Carames was president. A dune 1959 financial statement of Intercontinental was attached showing total assets of about §, 500, 000. _* Qhe ICC was also informed that CC would issue new stock at three times par with 1/3 going to capital and 2/3 to paid in surplus. October 27, 1959 Linquist wrote Hoffa thru Stanley Green of the McClure Agency in Pittsburgh expressing an interest in writing bonds for Teamsters and quoting a 3 year premium of $16.87 per $1,000. Allen Blank said that when publicity broke linking Hoffa to bonding business of Summit and to Weiner, Blanchi was called into Chicago and told Weiner should be fired. Blanchi was reluctant and said that Weiner was a power in the bonding business and, if fired, would take a large part of _ Summit's business with hin. Hopps said Paul Dorfman who is Like a father to Jake Ehrlich's son-in-law, Guy Cherney contacted Ehrlich who contacted Hopps. Dorfman said a reinsurance deal for Summit with Munich had fallen dow. Dorfman wanted Hopps' help lining up reinsurance. . Hopps said he went to Chicago and met at 9 E. Huron with Sol Schwartz, Allen Dorfman, Irwin Weiner, and Mike Breen; Schwartz did most of the talking. Dorfman said he was not a broker but "we all play together in the Teamsters' crowd and have lots of connections." Dorfman told Hopps that if he would help them they would see that it was made worth his while. [x i —_———* Docld:32329636 Page 17
[ Reteasea under the John F. Kennedy Assassination Records Collection Act of 19927 (44 USC 2107 Hotes. DATE: «11-14-2017 . e. November 1959 oO . © oe lt on Hopps thought the best way to set up reinsurance for IBT deal was to do it by going "joint account” with some broker or agent. He called Godoy-Sayan in New York, the big shareholder in American Security Co.,; but the deal fell thru because Summit's $6.25 per 1,000 rate was too low. About this time, Schwartz called him and told him to discontinue his efforts as Styvesant Insurance Company and United Benefit Fire and Casualty of Omaha (owed by George Stewart of Stewart Smith Co.) would supply all the reinsurance necessary. Novenber 2, 1959 Agreement between Intercontinental and Underwriters Trust Company that Underwriters would be trustee of account in name of Intercontinental; the account would be for the purpose of guaranteeing payment to US or Canadian claimants for losses and would consist of 300,000; 100,000 in cahs, a check from either HBS or CC; 100,000 certificate of contribution by CC to HBS; 100,000 mortgage note on property in New Mexico owned by Pacific Service, Inc. Homer Bray Services (Can) Ltd. would be agent per the October 28th agreement between Intercontinental and HBS (Can) Ltd. HBS (Can Ltd. was given power of attorney to issue insurance: ' on behalf of Intercontinental. Reportedly the $300,000 trust account was set up in New York at the request of Gerber so that Intercontinental would be authorized to do business in Illinois. November 2, 1959 Commercial account opened at Underwriters in the name of Intercontinental e/o Homer Bray Services (Can)Ltd., e/o J. W. York, 56 Sparks, Ottawa, Canada. Initial deposit of $1,167.87. Signators were James Warren York, Charles Bray, and David D. Whitesell. Underwriters made cross reference to accounts of Intercontinental Guaranty and Insurance Underwriters, Inc., 4 Wall Street (Corbett, Lindhauer, Hopps) and General Assurance Co., Ltd., hh Wall Street (McCarthy, Guiness, A. English, et al.) Armandy Lubaty, Vice President of Underwriters introduced these accounts and Anglo Canadian Underwriters (May 7, 1957) and * Affiliated Brokers (August 20, 1959). Lubaty thought it strange that all companies had one address but never questioned it. Douglass Wingquist was another official who handled the accounts. Winquist said he met Charles Bray, his attorney Gladstone, and David Whitesell. Bray was introduced by Loretta Lindhauer, Hopps' secretary. Docld: 32329636 Page 18