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UNITED STATES DEPARTMENT OF JUSTICE FEDERAL BUREAU OF INVESTIGATION Los Angeles, California ae hen a Ree April 17, 1963 JAMES RIDDLE HOFFA PARK LAKE ENTERPRISES, INC. DBA CAL - NEVA LODGE LAKE TAHOE, NEVADA FRANK SINATRA; HENRY W. SANICOLA; SANFORD WATERMAN MISCELLANEOUS - INFORMATION CONCERNING eee (ACCOUNTING AND FRAUD SECTION) On January 16, 1963, FRANK SINATRA and MILTON A, RUDIN, Attorney at Law and Financial Advisor to SINATRA, were interviewed at the offices of Essex Productions, 9229 Sunset Boulevard, Suite 512, Los Angeles, California, con- cerning the Cal - Neva Lodge, Crystal Bay, Nevada. During the course of this interview Mr. RUDIN, with the consent of Mr. SINATRA, advised that their current plans for the Cal - Neva Lodge included quite a substantial expan- sion of the hotel which would necessitate the bringing in of some $4,000,000.00 of added capital. RUDIN' stated that he found out by checking into the loan situation that banks and insurance companies, in order to make loans, would ask for stock options, which they are not ready to agree to. Mr. RUDIN advised that he has become familiar with some of the pension fund loans from reading the series of articles run by the "Los Angeles Times" on investigations of loans by the Teamsters to various Nevada casinos and that these are straight forward loans. He advised that he had gone to Chicago and had talked to various Teamster officials in the Chicago area concerning the possibility of securing a loan for Cal - Neva, He advised that the Cal - Neva, at the next meeting of the trustees for the pension fund in March, will, according to their present plans, apply for a loan in order to achieve their expansion program. Both RUDIN and SINATRA advised they wished to go on record that there were no under-the-table payments of any kind involved, that this was a simple straight forward . ema nnme cue eg eae