‘Released under the John F. Kennedy Assassination Records Collection Act of 1997 (44 \ y DATE: 11-14-2017 ‘ O Oo cancel its very profitable reinsurance of the Resolute on the ' Teamsters Bond. (This so that Weiner-Oxford et al would get more commission by replacing the reinsurance elsewhere). Bray, frightened to death, obeyed. ‘Thus, Weiner and his associates became the sole owners of the Oxford Agency and the huge commissions on the Teamsters Bond. Later, fearing an investigation of Oxford, Weiner arranged for Morganstern of the Resolute to transfer the brokerage to a new corporation owned by Weiner et al--The Titan Agency. In December 1961 the Illinois Insurance Department took protective custody of Central Casualty Insurance Company. In February 1962 Central Casualty Company was put into liquidation. Bray and his various companies literally "owed everybody" and his biggest source of income, the Teamsters Bond, had been taken away at gun point. — Again Weiner called Bray to a conference. Again Milwaukee Phil Alderisio was the spokesman. (Bray states that at the meeting there were also present four elder statesmen of the Crime Syndicate, but he will only divulge the names to those from whom he feels he may get protection.) At this meeting Bray was told that Weiner was "stuck" for the return premiums and outstanding losses on the taxicab lines | placed with the defunct Central Casualty Company as well as for the return premium on the Teamsters Bond reinsurance (which had not. been paid by the time the Illinois Department stepped in). ‘Bray protested that the Teamsters Bond commission he had assigned to Weiner far exceeded the sums under discussion but Alderisio remained adamant and Bray was told that they didn't dare where or how he raised the money. The Weiner group mst get theirs first-- and soon--or else!!! They then added that the R.O.R. Agency of Chicago was also stuck for return premiums and losses and that the same agent's partners, Don Roth and Cozie Rothfield (of the Kansas City Mob), were behind the Guaranty Bank. (old Southmoor Bank of Chicago). . ' Bray was told that R.O.R. and Guaranty Bank mst be number 2 and number 3 on the payments list, any laws of receivership to the contrary. Docld:32329636 Page 11 Use 3107 Hote;
Released under the. John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote). DATE: ar -14-2017 5 \ ’ O77 8 -~ 5- About a week later, former Vice President Jim Egan of Central Casualty, who was in Miami, (where he has a local agency) got acall from Milwaukee Phil "Alderesio. Alderesio called on Egan and told him that he knew that Egan, Bray and a man named Sem Kay owned a firm speculating in foreign currency. He repeated the instructions given to Bray by "the Mob" and told. Egan that if he wanted to live, all money must go first to Weiner et al, then R.O.R. and the Guaranty Bank. To Hell with what was due to the Pan American Bank or anyone else. Later the reputed big time mobster, Santos Traficante called on Egan and repeated the warning. . Both Bray and Egan are terrified but they will not rush in and volunteer information as they are afraid of being tailed; in fact Bray was very cautious and not at all helpful when the F.B.I. interviewed him. Now, however, he realizes that his only safety lies with the U. 5. Government and if proper government authorities call they will give all possible help. . Bray's home address is 820 North Glenayre Road, Glenview, Illinois. Egan's home is in Denver but he is staying in Miami at the Wautilus Hotel and works out of Sam Kay's office, Miami, Jefferson 1-0408. As to the Teamsters Bond. Two different companies have offered to write same at a saving of over $200,000 but it remains with the Resolute because that company has agreed to pay 85% profit commission to Weiner's Titan Agency and Titan has informed Morganstern of the Resolute that they are in a position to see _ that no losses will be reported to him company. Doclda: 32329636 Page 12
[ Released under the John F. Kennedy Assassination Records Collection Act of 1997 (47 USC Fity Hote;. DATEL 11-14-2017 ‘5 , - 1 ve . & Qs ge 8 WEINER-AMERICAN BONDING-ET AL Weiner United States-wide bail bond operations: Pretty generally all state insurance department officials and United States Governmental department officials with whom I have talked are thoroughly aware of the fact that the control of Bail Bond facilities is an absolute essential to the rackets and to organized crime. | | With further reference to the American Bonding Agency-Irwin (An idea of how important this is may be gained from the facts which show that to get bail bond facilities Weiner, et al originally gave up the huge commission on the Teamsters Magnum Griffin Act Bond.) | From what Weiner and others have stated it seems that the Treasury Department and the F.B.I. have both extensively inves- | tigated his organization without being able to discover the facts. The reason for this probably lies in the very nature of the bail | bond business which is quite unlike any other form of insurance activity. o On bail bonds the published tariff rate differs by state but is on average $2.00 per $100 of bond granted. Commissions paid to a bail bond agent vary from 25% to 60% of this basic tariff premium ( depending upon volume, past loss — record, etc.). Generally speaking the books of both the insurance company and the bail bond agent clearly reflect these figures, and taxes are properly paid on same. As different from any other form of insurance coverage, the bail bond business is, however, allowed to charge a policy fee or service fee and this fee runs anywhere from $8.00 to as high as $20.00 per hundred of bail bond coverage. In some states, such as California, it is mandatory that this service fee show on the face of the policy but the majority of states are pretty liberal in allowing the "fee" to be a personal transaction between a bail bond agent and his client. Since the insurance company gets no part of this fee, it isn't very curious and is not interested in the bookkeeping. . q Doclda: 32329636 Page 13
7Released under the John F. Kennedy Assassination Records Collection Act of 1992 (442 US 2it?T-Hoters. DATE: 11-14-2017 , a . . 7 nN a o . : i ad ‘ ! NN f -[— - In many instances the fee or a portion of same is paid in cash and _ for a big agency, such as Weiner's, the cash transactions are in very large figures indeed. In addition to the premium and the policy fee most clients have to put up collateral and here again is a field where the bail | bond agent has many possibilities of making money. Frequently, for a hard pressed client, the bail bond agent will demand an interest in the man's business, a share in the ownership of his real property, etc.; or else let him go to jail. The biggest volume of bail bond business is, however, definitely directed by those who control organized crime. When organized crime guarantees one of its minions no collateral is taken by the bail bond agent and on top of that he splits his policy fee . with the. organization directing business to him. | - Generally,speaking, each major segment of organized crime has its © own major bail bond connection and these are usually rather loose partnerships which are very difficult to trace because what is due from one partner to another is often settled through some apparently unrelated business transaction. (For example, Weiner has boasted, and those who were in the know in Cuba have confirmed, that for his services to Phil Alderisio--Santos Traficante, etc. he was given a substantial interest in the Deauville Gambling Casino and the Capri Gambling Casino in Havana. When Weiner last talked about this he was crying about his loss of a vast fortune occasioned by Castro.) The lard business in Chicago, which had such unusual methods of forcing sales on restaurants, was apparently a similar payoff. There certainly seem to be tie-ins of importance to the Kefauver Committee, the McClellen Committee, the Department of Justice and the Treasury Department. , * Doclda:32329636 Page 14