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Prisoners of War / Investment Swindle #231775

CBS Evening News for Tuesday, Oct 08, 1974
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(Studio) Securities and Exchange Commission plans to go to court over bonds sold to POWs after their return home; most bonds worthless.
REPORTER: Walter Cronkite

(San Diego, California) On return home, prisoners of war David Carey given $80,000 check for back pay. Carey invested money, but now learns he bought nearly worthless bonds. Reputable brokerage house breaks bad news to Carey. [Lieutenant Commander CAREY - believes investment worth nothing.] At least 6 other POWs in city swindled.
REPORTER: Terry Drinkwater

Reporter(s):
Cronkite, Walter;
Drinkwater, Terry
Duration:
00:02:30

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