CBS Evening News for Monday, Mar 17, 1975
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(Studio) FTC (Federal Trade Commission) charges 2 big land dvters. with defrauding customers by selling practically worthless property in Mid. West, Southwest and Florida. Horizon and AMREP companies named as land dvters.
REPORTER: Roger Mudd
(DC) FTC (Federal Trade Commission) alleges land not usually resalable at any price. Both companies charged with false advertising. [FTC Thomas ROSCH - believes consumers entitled to know what they're getting for their money.] [President Horizon corporation Sidney NELSON - thinks land is good investment; plans to fight FTC.]
REPORTER: Lesley Stahl
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