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Cellular Phones Scam #301100

CBS Evening News for Friday, Nov 29, 1985
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(Studio) Report introduced
REPORTER: Charles Kuralt

(Los Angeles, California) Cellular phones licensing scam explained, discussed; econ. losses of investors noted. [Investors Amy SANDELL, Beverly SCHWARTZ - discuss their experiences.] Celebrity Mike Douglas noted promoting investment ad videotape; FTC (Federal Trade Commission) suits against American National Cellular and The Cellular Corporation examined. Federal Communications Commission control of cellular system licenses explained. [SCHWARTZ - notes amount companies claimed she would make on investment.] [Federal Communications Commission spokesperson Michael SULLIVAN - notes companies lied about deadlines.] [Investor Dean SANDELL - explains his gullibility.] Kent Murky's claims in promotion for the Cellular Corporation cited. [American National Cellular president Michael GODFREE - accuses Federal Communications Commission of lying.] American National Cellular execs. Earl Sarratt and Joseph Steingold noted former convicts; details given. Official warnings said lodged against The Cellular Corporation heads Murky and Nicholas Wilson as well; Massachusetts and Arizona mentioned naming Douglas in their suits. [Arizona assistant attorney general Charles JOHNSON - explains incl. Douglas in state action.] [GODFREE - defs. his marketing techniques.] [SANDELL - claims he didn't know people lied.]
REPORTER: Jane Bryant Quinn

Kuralt, Charles;
Quinn, Jane Bryant

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