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Fraud / Boston Incident / Carr #254739

CBS Evening News for Friday, Jan 20, 1978
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(Studio) Arrest of commodities company president, known as James A. Carr, by fed. marshals in Boston earlier in month on charges of misleading customers reported Details of info., learned about Carr when authorities checked fingerprints after releasing Carr, given, include his escape from New Jersey state prison.
REPORTER: Walter Cronkite

(NYC) Background of Carr's activities with commodities speculation company, Lloyd, Carr and Company, which dealt on London commodities exchange given. [Carr attorney F. Lee BAILEY - states client's position is that operation may have been high-Powered selling, but not fraudulent.] Carr's rented house in Boston and Rolls Royce and Mercedes, also rented, as well as his real name, Alan Abrahams, noted. Carr's criminal record detailed, include escape from New Jersey prison to Canada and charges he tried to use phony check for car purchase in California. [Massachusetts secretary state Paul GUZZI - says thorough background check of Carr couldn't have been made.] Commodity Futures Trading Cmsn.'s check on Carr by sending name to FBI and Securities and Exchange Commission and reasons previous information on Carr not found cited.
REPORTER: Ray Brady

Reporter(s):
Brady, Ray;
Cronkite, Walter
Duration:
00:03:20

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