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Lance Finances #254525

CBS Evening News for Friday, Sep 09, 1977
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(Studio) Comptroller of Currency goes before Senator Govt. Affairs Committee for 2nd day of questioning about Bert Lance's banking activities.
REPORTER: Roger Mudd

(DC) Before committee begins hearing, Senator Sam Nunn from Georgia, and attorney Bobby Lee Cook, who once repd. Billy Lee Campbell, now serving time for embezzlement of funds from one of Lance's banks, hold news conference Nunn has chgd. there are unfounded allegations in investigations and Cook says former client didn't tell him of any implications that Lance was involved in embezzlement at bank. [COOK - would have gone to United States attorney in attempt to trade legal action against Lance for that against Campbell, if client or anyone else had told him of any such actions on Lance's part.] At hearing, testimony comes from Comptroller John Heimann, and centers on overdrafts by Lance and family. [HEIMANN - notes seriousness of this type of transaction in failures in banking industry] Testimony from comptroller's office to continue Monday and committee will study IRS (Internal Revenue Service) report re: degree of diligence comptroller's office has put into investigation.
REPORTER: Barry Serafin

(Studio) Former United States attorney in Atlanta, and Republican apptee., John Stokes, chgs. that Carter administration knew of Lance's banking activities before he became OMB dir.
REPORTER: Roger Mudd

(DC) Stokes tells news conference that FBI knew of Lance's banking irregularities, but report went only to Carter transition staff. [STOKES - chgs. members of transition team withheld information from Senate committee in January] Press Secretary Jody Powell says information was available to Senator Govt. Affairs Committee, but no one asked for it. President Carter is asked if anything was withheld. [CARTER - doesn't know of it.] Comments of committee spokesperson re: matter noted.
REPORTER: Robert Schakne

Reporter(s):
Mudd, Roger;
Mudd, Roger;
Schakne, Robert;
Serafin, Barry
Duration:
00:03:50

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