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(Studio: Peter Jennings) Report introduced.
(New York: James Walker) The scope of the fraud scandal involving the Foundation for New Era Philanthropy examined; details given of how the fund worked to attract donor money in a pyramid scheme, especially from evangelical church groups. [Scam victim Hans FINZEL - comments.] Examples cited of the lavish lifestyle of New Era's president Jack Bennett, who also courted financial multimillionaires and well-known figures like philanthropist Lawrence Rockefeller and former Treasury Secretary William Simon, who lost millions in New Era. [Evangelist Tony CAMPOLO - talks about Bennett's motives.] Examples cited of charities that lost a lot. [Charity executive Tony CARNES - comments.]
- Jennings, Peter;
- Walker, James
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