Agency: FBI
Originator: FBI
From: CG
To: HQ
Document date: 10/27/1964
Document type: PAPER, TEXTUAL DOCUMENT

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Released under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote).

DATE: 11-14-2017

JFK Assassination System

Date:

4/1/2015

Identification Form

Agency Information

AGENCY :

RECORD NUMBER :

FBI

124-90086-10137

RECORD SERIES:

HQ

AGENCY FILE NUMBER :

87-76541-12

Document Information

ORIGINATOR: FBI

FROM: CG

TO: HQ

TITLE :

DATE:

PAGES:

SUBJECTS :

10/27/1964

18

JOSEPH Y. STEIN

JOSEPH STEIN

DOCUMENT TYPE: PAPER, TEXTUAL DOCUMENT

CLASSIFICATION: Unclassified

RESTRICTIONS : 4

CURRENT STATUS: Redact

DATE OF LAST REVIEW: 07/14/1998

OPENING CRITERIA: INDEFINITE

COMMENTS :

RPT

v9.1

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Released under the John F: Kennedy Assassination Records Cöllection Aot of 1992 (44 USC 2107 Hote}.

DATE: 11-14-2017:

CG 87-22928

ADMINISTRATIVE

Information copies have been furnished the Detroit

and New Orleans Divisions in that these divisions should be

cognizant of the developments of this case in the event

future leads are set forth.

It is noted that the principal activities regarding

this prosecution are in the New Orleans and Detroit areas.

The foreign source abroad referred to in the body

of this report is an investigation conducted by the Royal

Canadian Mounted Police, which had been requested by the

Legat in Ottawa, Ontario. This information was furnished

the Legat in

Ottawa by E. L. MARTIN, Superintendent,

Officer in Charge, Criminal Investigation Branch, Royal

Canadian Mounted

Police, Ottawa, Canada.

COVER PAGE

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Released under the John E. Kennedy Assassination Records Collection Act of 1992 (11 USC 2107 Note).

DATE: 11-14-2017.

• .

CG 87-22928

WOODROW YARED

1.

Copy of Michigan Bell Telephone statement of

calls and telegrams

from September 5, 1963,

through October 3,

1964.

JOHN BLACK

I. Copy of check number 13509, amount of $4,000.00,

payable to First National Mortgage Company, dated

August 16, 1963, endorsed by LEONARD STALIMAN

and Capitol Bank of Chicago.

2. Copy of check number 13734, dated September 25,

1963, for $900.00, to JOE STEIN for financial

advice, endorsed and signed JOE STEIN, First

National Mortgage by LEONARD STALLMAN.

3. Minutes of meeting regarding JOSEPH STEIN'S

presence at board meeting.

RONALD E. WAGER, SR.

1. Copies of memorandum of agreement, telegrams

and correspondence from and/or to STEIN.

In September, 1964, a foreign source abroad advised

Khattar's Realties, Limited,

463 Prince Street, Sydney,

Nova Scotia, is a firm composed of three brothers, namely -

JOSEPH J. KHATTAR (President), SIMON J. KHATTAR and GEORGE

KHATTAR. It is mainly involved in the

real estate and mortgage

brokerage business.

The mortgage brokerage end is the sole

concern of JOSEPH J. KHATTAR, who operates on the basis of

a "standby fee" plus a percentage (usually 3%) if he

locates a favorable mortgage loan for his clients.

During the summer of 1963 Khattar's Realties, Limited,

learned that the Joyland Shopping Center, Detroit, Michigan,

=4-

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Released under the John F. Kennedy Assassination Records Collection Act of 1992 (14 USC 2187 Hote).

DATE: 11-14-2017

CG 87-22928

U.S.A., was up for sale and the firm (Khattar's Realties)

attempted to purchase same on its own benalt.

KHATTAR

(refering to JOSEPH JOHN KHATTAR) was contacted by ROY BROWN

and LEO COLE of Roy Brown and Associates, 20026 Greenfield,

Detroit, Michigan, who were handling the

sale, and a prICe

of $1,275,000 was agreed upon. In attempting

to raise

this

amount of money KHATTAR contacted one GERALD R. SITTSER

of H.A.S. Corporation (actual name of the firm could not

be determined), 100 B. Waters Building, Grand Rapids, Michigan,

who in turn advised KHATTAR that he had found the required

financing with First National Mortgage Company. (KHATTAR

maintained he never personally met SITTSER, being in contact

with him only via telephone and mail). At this stage

Mr. JOSEPH Y. STEIN of First National Mortgage Company

entered

the picture and requested a $5,000 retainer from KHATTAR on the

understanding that his firm would raise the $1,275,000 in sixty

days for the purchase of Joyland Shopping Center.

The retainer

in form of a cheque was paid in escrow to ROY H. BROWN and

G. L. SITTSER rather than First National Mortgage.

(This

action was taken on the instructions of SIMON J.

KHATTAR, who

acts as the legal adviser for Khattar's Realties). During

the course of the sixty days period, STEIN made a trip to Sydney

where he met the directors of Superior Concrete Products,

Sydney, Nova Scotia (who employ SIMON J. KHATTAR as legal

counsel), who were interested in locating a loan of

$250, 000

for the firm.

STEIN told the directors that he

probably could locate this amount of money for Superior Concrete

but wanted a $7,500 retainer before any effort was made in

this regard. On behalf of Superior Concrete, SIMON J. KHATTAR

turned down STEIN's offer unless he (STEIN) could produce a

legal registered commitment from a bonafide lender in the

U.S.A, that the money was available, only then would

Superior Concrete pay the $7,500 retainer. It should be noted

that SIMON J. KHATTAR was using the Joyland Shopping Center

mortgage as a lever against STEIN and the loan required by

Superior Concrete. However, the directors of Superior Concrete

were aware of this and agreed to the terms

set by their

Counsel). It was at this meeting, which was also attended

by JOSEPH J. KHATTAR, that STEIN

first mentioned his firm

already had a commitment for the Joyland Shopping Center and

therefore Superior Concrete should not object to the $7,500

retainer.

SIMON J. KHATTAR refused STEIN's request, advising

he wished to see the commitment in writing before he would

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Released under the John F. Kennedy Assassination Records Collection Act of 1992 M1 usc 2107 Rote).

DATE: 11-14-2017

CG 87-22928

agree to the Superior Concrete retainer, which incidentally,

was never paid because First National could not produce a

bonafide lender for the Joyland Shopping Center commitment.

In January, 1964, Khattar's Realties engaged one

FRED J. POTVIN, Attorney and Counsellor, 418 Buhl Building,

Detroit, Michigan (Telephone No:

Woodward 5-0544), to carry

out the

actual purchase of the Joyland Shopping Center, and this

subject is familiar with the contract dealings between

Khattar's Realties, First National Mortgage Company, ROY BROWN,

LEO T. COLE and JOSEPH Y. STEIN.

According to KHATTAR it was

POTVIN who endorsed the $5,000 cheque, on behalf of Khattar's

Realties, over to STEIN:

KHATTAR admitted that he suggested he be paid a

commission on the mortgage loan to be made to Khattar's

Realties by the First National Mortgage Company and stated

he told SITTSER that First National should pay him 50% of the

"mortgage interest fee" because of the amount of money involved

and the fact that Khattar's Realties was in the same type of

business as First National. KHATTAR advised he never expected

to have the firm in question agree to such a request.

KHATTAR also mentioned that STEIN appeared to be at the

head of First National and therefore he attempted to deal

directly with this individual rather than dealing with

SITTSER who was somewhat reluntant to carry out Khattar's

Realties interests at the rate requested of him.

In view of the above, KHATTAR advised that when the

sale of Joyland Shopping Center was to be finalized,

went to First National to obtain the $1, 275,000 commitment,

+91,273, 000 comistment,

which was to be repaid in (19) years at 6% interest, ano

was told by LEONARD STALLMAN (also employed by First National)

that the firm did not have the commitment in question and

therefore could not give KHATTAR the money. This occurred

only a short time after STALLMAN had spoken personally to

ROY BROWN and KHATTAR in the Chicago office of First National,

that the firm had the required commitment in writing from

a responsible lender but he (STALLMAN) required a few days

to formalize the agreement and present it to KHATTAR and BROWN.

-6 _

1:,

?і. ні

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Released under the John F. Kennedy Assassination Records Collection Act of 1992 (14 USC 2107 Hote).

DATE: 11-14-2017

CG 87-22928

When these men requested to see the actual commitment,

STALLMAN said he could not show it for fear of disclosing the

source of the money, which appeared to be a logical explanation.

First National, which was returned to the Khattar firm in

June, 1964, and presently another action regarding the payment

of legal fees, unnecessary expenses and damages, is in the

process of being entered against First National by Khattar's

Realties.

KHATTAR

was questioned regarding FELIX ALDERISIO,

but maintained he never met or had any dealings with this

individual.

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Released under the John F. Kennedy Assassination Records Collection Act of 1992 (11 USC 2107 Hote).

DATE: 11711-2017

First National Hurtzuge Cir

SUITE 3800

1 EAST WACKER DRIVE

CHICAGO LILLINOIS

ARTA CODE JIA

TELEPHONE 321-1710

October 30,

1963

MI. Roy-H. Brown

Roy H. Brown & Company.

20025 Greenfield

Detroit 35, Michigan

Re: Joyland Shopping Center, 15550 Joy Road, Detroit, Michigan

Gonileinen:

This will acknowledge receipt by Mr.. Stein, of our office, of the

Contract dated the l6th day of October, 1963, and a check in the

amount of $5, 000. 00 on the Bank of Montreal made to the order of

Roy H. Brown & Company and H. A.S., Inc., dated October 18, 1963.

The First National Mortgage Company assuines all obligation. set

forth in this Contract, and agrees to its terns and obligations, and

releases Roy H. Brown & Company and H. A.S., Inc. of any liability

whatsoever in the negotiation of this transaction and/or refund of'

said stand-by fee in the event negotiations fail to culminate.

Very truly yours,

FIRST NATIONAL MORTGAGE CO.

Son son

bjd

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Released under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote).

Teleco munica doin:

SYDNEY, N. S.

504 - 4424

liral time • heure locale

11: 139

MNA 085 BA 047 CGA 074.

B CA 033: PD=CHICAGO ILL 6 1043A CST:

•KHATTAR REALTIES LTD, ATIN U J KHATTAR=

463 PRINCE ST SIDNEY NS=

SORRY FOR DELAY MR STALLMAN, WHO WAS HANDLING YOUR DEAL

HAS BEEN ILL FOR THE PAST TWO WEEKS WE FEEL CERTAIN WEI

CAN CLOSE THIS LOAN THIS WEEK WILL SEND FIRM COMMITTMENT

AS SOON AS RECEIVED=

FIRST NATL MORTGAGE CO JOSEPH STEIN=

ENCLOsER White, general manager: directeur géneral, Toronto

6122 b

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Released under the John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote).

DATE: 11-14-2017

Firat National Murtzuge Ca

SUITE 3800

I EAST WACKER DRIVE

CHICAGO I, ILLINOIS

January 27, 1964

ARLA CODE JIR

TELEPHONE 321-1710

KHATTAR REALTIES LIMITED

463 Prentice Street

Sydney, Nova Scotia

Canada

Attention: Mr. J. J: Khattar

RE: Joyland Shopping Center

Detroit, Michigun

Gentlemen:

Please be advised that we have been informed that we have a

loan available for you on the above named project in the amount of One

Million Two Hundred Seventy Five Thousand Dollars ($1, 275, 000. 00)

bearing interest at the rate of Six per cent (6%) per annum to be amortized

over a period of Nineteen (19) Years.

Our lender adviscs us that we will receive a firm commitment

including instructions for closing within the next few days.

We will advise you the moment we have the foregoing in our

possession, or as soon as it is prepared so that you may pick up same

if you so desire.

Very truly yours,

FIRST NATIONAL MORTGAGE COMPANY

BY:

Lemand

8. Stalho

Leonard B.

Stallman

LBS/vzf

10

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"Released under the

John F. Kennedy Assassination Records Collection Act of 1992 (44 USC 2107 Hote) .

DATE: 11-14-2017

TELEGRAM To BE

W/es.

MAILED TO

NURSESA

JENDER

38, 7504 ES

46 PD & EXTRA

400 9 08000

LEONARD STALLMAN

8847 LA CROSSE PHONE 679-7824

STALLMAN'S AND STEIN'S VERBALLY AND WRITTEN COMMITMENT

TO ROY BROWN AND KHATTAR REALTIES HAVE BEEN DISHONORED

DAMAGE SUITS WILL COMMENCE IMMEDIATELY UNLESS QUARANTEE

OF COMMITMENT FROM RESPONSIBLE LENDER IS PRESENTED

WITHIN 24 HOURS. ADVISE AS TO YOUR DECISION

SKONIE ILL

KHATTAR'S REALTI

LID J J KHATTAR

PRESIDENT ROOM ¿

SHERATON CADILLI

HOTEL DETROIY

MICHIGAN

SYERATON

CADILLAC HTL

+5062-3660456 3 CFM

FURNISHED OXYD SER #

J.J. KHATTAR

WILL CALL COUNTER MAIN OFFICE

ENCLOSURE

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