CBS Evening News for Tuesday, Jun 29, 1976
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) Govt. sources say IRS (Internal Revenue Service) has revoked, back to 1965, tax exempt status of Teamsters Union's largest pension fund. Effects detailed. Background report follows.
REPORTER: Walter Cronkite
(Chicago, Illinois) Central States Pension Plan long controversial. Fund described. Imprudent investments, such as Las Vegas, NV, casinos, charged. Las Vegas scene of recent Teamster convention Frank Fitzsimmons defends pension plan. June 13, 1976, film shown. [FITZSIMMONS - speaks of fund.] September 1974 film shown. Murder of man slated to testify against fund in investigation recalled. April, 1975 film shown. Trial for murder resulted in no convictions. Allen Dorfman recalled. "Overdrive" magazine ed. has been critical of pension fund. [Edward "Overdrive" Mike PARKHURST - criticizes pension fund.] Element of organized crime noted. Program and outcome of trial considered.
REPORTER: Don Webster (WBBM-TV film shown)
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.