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Gold Fraud / Florida #289963

CBS Evening News for Tuesday, Apr 26, 1983
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(Studio) Alleged fraudulent sale of gold reported.
REPORTER: Dan Rather

(Fort Lauderdale, Florida) Report concerns International Gold Bullion Exchange, Incorporated [At opening of new building 2 years ago, President IGBE William ALDERDICE - presents check for crime fight.] IGBE characterized. [Florida assistant attorney general Leonard ELIAS - chgs. IGBE with consumer fraud.] IGBE practice described. Chgs. and complaints against company by California, Illinois, New York, Texas, Florida noted. [WOMAN - says she has been cheated out of her money.] [Bob OLIVER - speaks of losses.] [Elizabeth RANEY - cries over her loss.] Owners William and James Alderdice said discovered to have criminal records. [Former IGBE employee Matthew ROSENGARTEN - tells of having his arm broken by management] Officially IGBE said refusing interviews. Bankruptcy said expected. [Court curator William LEONARD - says no precious metals in company's vault.] Scenes of distressed investors shown.
REPORTER: Steve Kroft

Kroft, Steve;
Rather, Dan

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