Rentschler in convicted Trio
Stock sale fraud, charged Rentschler in convicted trio William H. Rentschler, 50, a native of Hamilton, and two other men were found guilty of fraud Thursday by a U. S. District Court jury in Chicago in connection with the sale of stock in a Malaysian timber-cutting operation. Rentschler, a Lake Forest, 111., businessman, and his. associates were also found guilty, of conspiracy and securities act violations. The jury reached the verdict Thursda^ after five hours of deliberations in the six-week trial before Judge Hubert L. Will who set Jan. 9 for sentencing. The maximum penalty under the charges is five years for each of 17 counts. Rentschler, who headed former President Richard Nixon's 1968 campaign in Illinois, still faces unrelated charges involving more than $1.4 million in loans from 28 financial institutions. Convicted with Rentschler were Lloyd D. Hardesty, 43, of the Chicago suburb of Westchesler, and Calvin Buehrer, 51, 6f Green Bay, Wis. Hardesly was acquitted of making a threatening telephone call to stockholder in the purported timber- cutting company, Corporation Mid America Inc. The prosecution had contended the defendants defrauded investors out of $79,000 by telling them that the late U. S. Sen. Everett M. Dirksen obtained for the company a con- Cpnfenipf Â·citation due Kissinger William H. Rentschler talks with newsmen Thursday in Chicago after being fou n d guilty Â· of fraud. (AP Wirephoto) WASHINGTON' AP -.The House intelligence committee voted today Jo 'cite Secretary 'of State Henry A. Kissinger for contempt of Congress for refusing to turn over subpoenaed documents on eight covert intelligence operations. The contempt, citation was approved approved 10 to 2. The committee's senior Republican, Republican, Rep. Robert McClory of Illinois, quoted White House counsel Philip Buchen as saying President Ford! intends to cite executive privilege in refusing to turn over the documents. / The committee had subpoenaed Kissinger to turn over all State Department requests for covert intelligence operations abroad in one of seven subpoenaes issued last week. Chairman Otis G. Pike, D- N.Y., said that, "On this subpoena, we have received nothing. "I for one am weary of this whole business of waiting and delaying, waiting and delaying on the information information the committee is entitled to and needs to conduct its business," Pike said. cession to cut 40,000 acres of in Malaysia. It also charged that stock purchasers purchasers were told that the venture was backed by the Agency for International Development and could not fail because of Renl- schler's political influence. A government Witness, Joseph Venturella, 38, a Chicago barber,, testified that he and his family invested invested $15,000 in the operation after Hardesty, who still faces trial on perjury accounts in connection with grand jury testimony on the timber- timber- cutting operation, told him that Rentschler was a political ally of Dirksen. Rentschler told the jury (bit he was a friend of Dirksen bu, had never used Dirksen's name in connection with business deals. Rentschler said he lost money the timber-cutting deal and that had been "incredibly stupid" and that his "judgement was bad on occasion." In 1970, Rentschler was an unsuccessful unsuccessful candidate for the Republican nomination to fill the late senator's unexpired term. He also was an unsuccessful candidate for U. S. senator in 1960. The former Hamiltonian is a Mr. and Mrs. Peter E. Rentschler, Hamilton. He was graduated from Princeton University and worked briefly as newsman for Ihe Minneapolis Star and Tribune and Ihe former Cincinnati Cincinnati Times-Star. In 1957 he purchased Stevens Candy Kitchens of Chicago and 1959 was named one of Chicago's outstanding young men. In March, 1972, Renlschler was named Speakers' Bureau chairman for the Illinois Committee for Election of the President (Nixon).