Don Reynolds is a name forgotten to history, though he appears to hold a key to understanding who was behind the assassination of John F. Kennedy.

On November 22, 1963, the morning that Kennedy was killed, Reynolds was testifying in a closed-door session of the Senate Rules Committee about a kickback scheme he was involved in on behalf of Lyndon B. Johnson

Reynolds’ testimony was going to lead to Johnson being dropped from the 1964 Democratic ticket and potentially going to jail.

Obscure Insurance Agent From Silver Springs Maryland May Very Well Hold Clue to JFK Assassination

By Jeremy Kuzmarov

[This article is part of a series this week on the JFK assassination coinciding with our November 18 webinar entitled “New Evidence, Old Questions: The Latest Declassified JFK Files.”—Editors]

Reynolds was still being questioned at 2:30 p.m. EST when a secretary burst into the meeting room with the news from Dallas.

The hearing was put on hold and Reynolds’ testimony was kept secret for many years.

After Johnson’s reelection in November 1964, FBI Director J. Edgar Hoover—Johnson’s close friend and Washington neighbor—told Reynolds that Johnson would kill him if he did not leave the U.S.

Reynolds subsequently fled to the Bahamas, returning only after Johnson’s presidency ended.

His farmhouse in Oakland, Maryland, was burned down in a mysterious fire in what Reynolds took to be a threat, and Reynolds faced FBI surveillance and harassment at the hands of the Internal Revenue Service (IRS).[1]

Reynolds’ story is told in a new book by his nephew, Bob Nelson, called LBJ’s Mortal Wound.

The title derives from a quote from Bobby Baker, Johnson’s top aide who spent eight months in federal prison on tax-evasion charges, who said that Johnson “might have suffered a mortal wound” from Reynolds’ revelations—that is, if JFK had never been killed.[2]

Nelson juxtaposes fond memories he has of his “Uncle Buck” with the secret intrigues behind his role as a whistleblower regarding LBJ’s kickback schemes. At one point, Nelson’s family was visited by the FBI seeking information on his uncle, whom one author called “the final spark of the crime of the century.”[3]

Nelson acknowledges that his uncle was implicated in some corrupt dealings, though considers his story to have a “heroic and redeeming element” since he “decided to come clean and blow the whistle.”[4]

Reynolds’ wife Jerry considered her husband to be a “Walter Mitty type character fighting as one man against the establishment” who was “determined to tell the truth about what he saw and knew was going on in the Hill even if he got hurt….Don admitted that he had done some things wrong [Bobby had too], but the real danger to our country lies in the circle of influence and corruption which stems from the heart of the Hill.”[5]

A graduate of West Point who served in the U.S. Air Force and as a U.S. consular official in Berlin, Reynolds first came into contact with Johnson after Johnson had experienced a heart attack in the mid-1950s and wanted to buy life insurance.

A genius at insurance who lived in Silver Spring, Maryland, Reynolds was able to help Johnson but Johnson wanted some kickbacks, which Reynolds described as “more like a shakedown.”[6]

Reynolds testified that, as part of the deal, he was required to kick back advertising money on KTBC in Austin, which Johnson owned and a $585 Magnavox stereo set to Johnson.

Reynolds sold Johnson two $100,000 life insurance policies, one of which was legitimate; the other of which was fraudulent—a bagman’s fee for Reynolds having helped funnel more than $20,000 in illegal contributions to the 1960 Johnson presidential campaign ($20,000 would be around $215,000 today).[7]

The illegal contributions had been channeled from a bond deal for the construction of the District of Columbia football stadium in Washington (later called RFK Stadium after RFK’s assassination].

Reynolds was the financial bagman for this deal along with Matthew McCloskey, a Philadelphia construction company owner and Democratic Party fundraiser who served as Treasurer of the Democratic National Committee from 1955 to 1962.[8]

In addition to revealing all this, Reynolds told the Senate Rules Committee of seeing a suitcase full of money which Bobby Baker described as a $100,000 payoff to Johnson for his role in securing a $6.5 billion contract for General Dynamics to build the Tactical Experimental Fighter Plane fighter jet (TFX-later F-111) at its plant in Fort Worth.[9]

To protect himself, Johnson arranged a Senate cover-up and illegally used the FBI and IRS to abuse and intimidate Reynolds and prevent a key witness, his aide Walter Jenkins,[10]from testifying before the Senate Rules Committee when it took up an investigation, a potential obstruction of justice.

Nelson suggests that Johnson’s transgression represented a potential scandal of Watergate proportions if it were ever publicly revealed.[11]

This was the belief of Senator John J. Williams (R-DE) who headed the Senate Rules Committee’s investigation, which was prompted by Reynolds’ disclosures.

Williams was known as the “conscience of the Senate” and had a reputation as a “fair but relentless investigator of corruption.”[12]

A key part of the Senate Rules Committee’s investigation centered on Bobby Baker, Reynolds’ business partner, who had helped deliver mob money to Johnson in exchange for Johnson helping to kill anti-racketeering legislation in the Senate. (Both Reynolds and Baker were from South Carolina, Baker from the Low Country and Reynolds from the Swamplands.)[13]

Baker also served as “the pimp” for Johnson, along with President Kennedy and Senator George Smathers (D-FL), introducing them and other congressmen to beautiful women at the plush Carousel Resort Hotel he owned in Ocean City, Maryland, and the Quorum Club he helped establish across from the Senate Office Building, where they could relax with “party girls.”

Don Reynolds was allegedly in on the call-girl ring, receiving some of the kickbacks. He described to Senator Williams his attending sex orgy parties in Washington with Bobby Baker.[14]

During his testimony, Reynolds was interrogated by Republican Minority Lead Counsel Clayton Burkett Van Kirk and Lorin Drennan, an accountant from the Government Accounting Office.

Reynolds laid out the documents that he believed implicated the sitting vice president as he talked about what he knew.

Van Kirk later stated that “Don presented a good case. He could back it up. Everything he said he had a receipt for. It’s hard to argue with a receipt, a cancelled check, or an invoice. It’s hard to argue with documentation.”[15]

When the secretary burst in with the news of Kennedy’s assassination, Nelson writes that “the enormity of it stunned Uncle Buck…almost immediately he could feel the small hairs rise at the nape of his neck…He had just testified against the vice-president…who was now about to be the president of the United States….He thought to himself with no small sense of wonder, that he had in effect, just politically assassinated the newly sworn-in president; the evidence he had provided was enough to force LBJ to resign or be impeached.”[16]

According to Nelson, Reynolds paused for a moment in his thoughts and then “reached for the incriminating documents that littered the table and said that the Rules Committee wouldn’t need them now. Given testimony involving the vice president is one thing, but when it involves the president himself, that is something else. You can just forget that I ever said anything if you want to,” he said, quietly but firmly.[17]

“Too late,” responded Van Kirk, the documents were in the custody of the Senate Rules Committee.[18]

Although Reynolds’ testimony was given behind closed doors, his appearance before the committee had been written about in newspapers beginning in October 1963, which alerted Johnson that he was in trouble.

Nelson wrote that, according to Earl Deathe, LBJ’s assistant at his ranch, Johnson “knew this would be trouble. He had gotten things that he had not paid for, and my uncle knew his secrets. Receiving kickbacks was a charge that could spell the end for a politician.”[19]

Life magazine, furthermore, had loaded a missile targeting LBJ. Attorney General Robert F. Kennedy, who supported Reynolds’ whistleblowing, was feeding the magazine information about Johnson’s connection to Bobby Baker, which would have forced Johnson off the 1964 ticket.[20]

Life magazine editor James Wagenvoord stated that, during the assassination week, there had been two articles on the Baker scandal already published but nothing linking LBJ directly to the scandal. The third issue would have been published two days after the assassination. “It was all coming from Bobby, we had him. LBJ would have been out and facing prison time. It was coming from the Justice Department.”[21]

JFK Assassination Saves Him

When Wagenvoord asked his boss, Phil Wootton, how he could spike the story on LBJ after JFK’s assassination, Wootton responded “Jim, we can’t kill two presidents in twenty-four hours.”[22]

After JFK’s assassination, one of the first phone calls LBJ made, aboard Air Force One, was to his attorney Abe Fortas asking him: “What did Reynolds say?”[23]

In January 1964, Reynolds again testified to the Senate Rules Committee in a closed session and then Congress voted to release that information publicly.[24]

Johnson subsequently pushed Senate Democrats to shut down any further inquiry and made it clear that he would stop Walter Jenkins from testifying.[25]

Calling Reynolds “psychotic” and a “bum” whom he said “he had never met,”[26] Johnson ordered a full field investigation that included his family, friends and acquaintances, and told IRS Commissioner Sheldon Cohen to “get tough on him [Reynolds].”[27]

When J. Edgar Hoover gave Johnson Reynolds’ FBI file, Johnson became upset because, as he told Hoover, “there wasn’t a goddam thing to indict him on.”[28]

Johnson in turn ordered his press secretary, George Reedy, to “contact Time, Newsweek and The Washington Post, to put pressure on them to stop printing adverse stories on the affidavit that Walter Jenkins had submitted, which had been ordered to protect Johnson and was in direct conflict with Reynolds’ testimony.[29]

Nelson wrote that Jenkins’ affidavit reminded him “of something my uncle said: ‘They answer their own questions’—they pick the questions to ensure that the answers to those questions exculpate the actual wrongdoers.”[30]

On January 27, on the advice of Abe Fortas, Johnson called a press conference and said that the stereo he had received from Reynolds as part of the kickback arrangement was a gift from the Baker family—which was false as the invoice was sent to Don Reynolds and not Bobby Baker. Johnson left the conference quickly, not taking any questions.[31]

Afterwards, Johnson was recorded on White House tapes telling Fortas “I don’t want to go against your advice—because you have to defend me and if I don’t do what you tell me, I’ll be in a hell of a shape—but if I do, I’m going to jail. That’s just how I see it.”[32]

Johnson later told Attorney General Nicholas Katzenbach: “I don’t want to be a Harding!”—a reference to Warren Harding, whose presidency was ruined by the Teapot Dome and related scandals.[33]

Just as things were looking bad for Johnson, he got a break when Reynolds’ Air Force and State Department files were made public in an article written by the famous columnist Drew Pearson in The Washington Post.

LBJ later recounted to aide Bill Moyers that the files had been leaked. They showed that Reynolds had lied about his West Point record (he had flunked out) and that he had engaged in black market activity in Germany and furnished false information to U.S. government officials.

These revelations were used to discredit Reynolds’ testimony. Pearson’s colleague Jack Anderson boasted that he had exposed in his column the unreliability of the Williams committee’s star witness, “whose sordid record as an informant goes back to the heyday of Joseph McCarthy.”[34]

The latter was a reference to Reynolds having provided information in the early 1950s to Senator Joseph McCarthy and the FBI about certain people’s alleged communist affiliation and sexually deviant behavior.[35]

Reynolds considered Pearson and Anderson’s writing to be a smear job that included information, which was mostly true but irrelevant.

Reynolds told The Washington Post that “whatever my past, this has absolutely nothing to do with the recent events involving LBJ, Bobby Baker, or Walter Jenkins.”[36]

Pearson’s muckracking journalism and exposés generally targeted conservatives and anticommunists like Reynolds rather than liberal figures like JFK and LBJ whose long record of political and personal corruption he ignored.[37]

The same day that Pearson’s article was released, Reynolds wrote to Senator Williams detailing a call he had received from Bobby Baker at the Racquet Club in Montego Bay, Jamaica, in which Baker had discussed the insurance policy on the then-vice president [Johnson] and wanted to know how much of a kickback he could get on the insurance commission.

Reynolds told Baker to never use the word “commission” on the telephone, and Baker changed it to “rebate.”

Reynolds also received a call that day from Walter Jenkins, who told him to work out the arrangement (for Johnson’s kickbacks) with Bobby but to be sure it was in cash.

After the Post articles were published, the Democrats used their 6-3 majority on the Senate Rules Committee to shut down the Williams probe into LBJ’s kickbacks. Williams said he disagreed completely with the conclusions of the committee, which had been adopted for partisan purposes to protect a Democratic Party president.[38]

In his book Forty Years Against the Tide, Senator Carl Curtis, an ally of Williams, characterized a 1965 Senate investigation into the same matter as “a whitewash, a coverup, a disgrace to the senators who subscribed to it. It is an endeavor to protect the politically powerful and make difficult a successful prosecution of Bobby Baker.”[39]

Bobby Baker confirmed this assessment, stating in a post mortem of his political battles that Reynolds had told the truth about the D.C. stadium deal before the Senate Rules Committee and that the senators “didn’t hold McCloskey [another key figure in the scandal]’s feet to the fire”—nor obviously Johnson’s.[40]

Like other whistleblowers, Reynolds suffered for his truth-telling. His once profitable insurance business was destroyed and he was forced into exile in the Bahamas where he received a call from Bobby Baker who told him that he had “caused problems for some big men…if you talk any more to the attorneys, Williams, or agree to return to the U.S. to testify as a state witness—you won’t survive.”[41]

Reynolds subsequently wrote to his attorney that he would remain outside the United States until “the present administration and tyranny was eliminated.”[42] In another letter to Williams, who visited with him in the Bahamas, Reynolds wrote that “the powers unleashed by the Tyrannical acts of King Belshazzar (Johnson) will know no bounds.”[43]

Prior to his departure to the Bahamas, Reynolds had received threatening phone calls and wrote to Williams: “I might as well be in Nazi Germany. They are out to get me, and they are using every government agency and every dirty trick in the book to wreck my business.”[44]

Before the outbreak of the mysterious fire that destroyed his remodeled farmhouse in Oakland, Maryland, a neighbor spotted a car that he did not recognize driving down Reynolds’ road in a remote location. The neighbor told Reynolds that “either someone was very lost, or someone had very specific reason to be driving down that isolated, dead-end road.”[45]

Don Reynolds may be an obscure figure; his story, however, is an important one in exposing the persecution of whistleblowers in modern America along with what biographer Robert Caro called LBJ’s “bottomless capacity for deceit.”[46]

Even more significantly, Reynolds offers a key clue as to who was behind the Kennedy assassination, as his testimony before the Senate Rules Committee—combined with the scheduled exposures in Life magazine—would have ended Johnson’s political career if JFK had not been assassinated.

JFK assassination expert Robert Morrow told me that “the Kennedys, in November 1963, were about to drop a hydrogen bomb of humiliation and embarrassment on the head of Lyndon Johnson, a man who could not take even the slightest criticism. LBJ was a cornered animal, and he struck back with lethal effectiveness in Dallas on 11/22/63.”

Johnson’s role in planning and covering up the JFK assassination is detailed in a number of books, including Barr McClellan, Blood, Money & Power: How L.B.J. Killed J.F.K. (New York: Skyhorse, 2011), and Sean Fetter, Under Cover of Night: The United States Air Force and the Assassination of John F. Kennedy, Vol. 1 (Lake Success, NY: Arlington Press LLC, 2023).

These and other works make clear that a network of Texas oilmen and attorneys and CIA operatives close to Johnson helped to carry out the crime of the 20th century, whose motive was laid bare by Donald Reynolds on the morning of November 22, 1963.

https://covertactionmagazine.com/2025/11/19/obscure-insurance-agent-from-silver-springs-maryland-may-very-well-hold-clue-to-jfk-assassination/

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