× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Florida / ESM Arrests #303318

CBS Evening News for Wednesday, Apr 03, 1985
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) Fort Lauderdale, Florida, arrests of ESM Group, Incorporated, officers Ronnie River Ewton and Nicholas D. Wallace for forging company founder Alan Novick's signature on phony will reported; details given, films shown. Jose Gomez, independent auditor for Alexander Grant and Company, said also arrested for forgery. ESM's collapse recalled catalyst to failure of Ohio's Home State Savings Bank and savings and loan crisis in that state last month.
REPORTER: Dan Rather

(Beaumont, Texas) Impact of ESM's collapse on cities that had invested in it, such as Beaumont, Texas, examined. [Former Beaumont mayor Maury MEYERS - encourages donations to compensate for losses to ESM.] Community-wide fund-raising efforts described. [PEOPLE - resent losses, anticipated cuts in services.] [City manager Karl NOLLENBERGER - expects economy stability within six months.] City's economy problems related to oil slump mentioned.
REPORTER: Martha Teichner

Rather, Dan;
Teichner, Martha

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:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.