CBS Evening News for Thursday, Jun 27, 1974
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(Studio) Bankruptcy of oil company, Home-Stake Production Company, is an apparent multi-million $ swindle of many notables.
REPORTER: Roger Mudd
(DC) Investment seemed safe to many well-known and moneyed people. [Senator Jacob JAVITS - explains how he got involved in investment.] Neither IRS or Securities and Exchange Commission would comment on case. [Representative Henry REUSS - criticizes system. Taxpayer to help pay tab on loss. Tax reform desperately needed.] Many victims not very concerned with loss.
REPORTER: Jed Duvall
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