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John Jake the Barber Factor — Part 3

44 pages · May 10, 2026 · Document date: Dec 21, 1960 · Broad topic: General · Topic: John Jake the Barber Factor · 44 pages OCR'd
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; eee ee nen ammo “, . FD-450 (Rev. 7-16-63) ; Ww a ‘Jake the Barber’ F actor Tiec : CHICAGO — (UPI) — Formy | cee er international confidence Wa " John Sameer arb eae : Janek TTT. Ce help bal aut of financial troubles @ Florida housing project in which James R. Hoffa was allegedly embroil- ed, a withess testified Tuesday. Bir OP of Beverly Hilts, Calif., introduced info Hlofta y\ “aud and conspiracy trial the name of Factor, now & million’ . aire West Coast real estate operator with a reputation for philanthropy. e . «8 , LINK TOLD a Federal Court ‘jury. that the Joan was re- -quested by Benjamin Dranow, one of seven co-defendants who has been named as the middle man in obtaining millions dollars in Inans from the Team-| to their own uses. sters Union pension fund. The Government Hoffa. president of the Team-‘that the defendants Witnesses have testified that $490.000 in Dranow on occasion referred to Hoffa as “the bors," and one witness said part of an “under the table’ payment for get- ting a pension fund loan was destined for ‘the boss.”” Hoffa, Dranow and the other defendants are accused of fraudulenJg_ablalging more than $25 million in pension fund loans and diverting more B3 al A Not. RECORDED 46 JUN 19 1964 7 Ss Loses | ‘ ———e yo — a (Mount Clipping In Spoce Below) of than $1.7 million of the money ‘and his contends Link said, the conspired to the Fidelity Bank of Miami, sters, is a trustee of the fund.!to siphon .off Guanesv mt free Fla. Teamsters funds! Factor rose from a hair- a teil EE re res ee 7 7 . Myr, Mr. Mr. its Wir. Mr. Ce > Mr Tents Toi. Gr Mr. Iie~c> SG Ms. Sut! mache Mr. Tavel ... Ms. Tretter oo Tele. Room... Miss Holmes__.— Miss Gandy. eee Tolson.____-- Betmont..._- Mohr... rey RECNR ib CO (indicate page, nome of newspaper, city and state.) which Hoffa had doposiiad.in # Florida. bank as security m a Joan the bank had given to the). fieundering Sun Valley, Inc., housing development. . Link testifief’ that Dranow: asked him t go to Factor for) a loan after Dranow had helped. the First Berkeley Corp., @ firm, in which Link was an ofticer, | 4 \ obtain a $2.9 million loan from the pension fund. . “We have to divert some, money to the Sun Valley prob-|, lem,” Link quoted Dranow 85: saying. } SA Detroit Free Prest “Detroit, Miche _ - ae oe ¢ @ FACTR REFUSED to make the Joan directly to Dranow,| Link testified, but made out! checks of $62,500 each to Link, partner, Maury Ran: Dranow's instructions, , ‘doiph. At money was sent | nipping job in # @it-rate bar-' bershop in Chicago through a tnear-legendary career a8 a Con-, ifidence man, to Federal prison; fon a fraud conviction, and to. ‘great wealth in California real. "t dealings. 6/10/64 Edition: Metro Final In 1933 Factor charged that © Date: he had been iddnaped and | held for ransom by Chicago ganster Roger (the Terrible) Author: . Touhy, and Touhy, protesting Editor: Lee Hills , his Annocence, Was sentenced . . ' to 99 years in prison. i Title: Touhy charged that he was. framed by Factor and by, Touhy’s arch enemy in the underworld, gang czar Al | Character: Capone. He said Factor's mo- or ‘tive was to escape prosecution on a British charge that he Classification: Detroit - ‘swindled investors out of 37 Submitting Office: imiltion in & Rhodesian diamond mine venture. Factor served & y term in the United States for fraud. He was released and:in oO Being Invest! gated ——. 962 recel tet w-tult pardon from <U ardon from the late Presi- dent Kennedy shortly after the migration Service started de-. jportation proceedings against
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