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Eye On America (Broadway / Investment Fraud) #387720

CBS Evening News for Monday, May 31, 1999
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(Studio: John Roberts) A record season for Broadway introduced.

(New York: Ray Brady) Concerns about accounting fraud and the hiding of expenses for Broadway shows reported; statistics on Ragtime profits cited. [Attorney Sherrie SAVETT - explains how Broadway shows passed off expenses to other shows.] How accounting is now more art than science noted. [SMD&E certified public accountant Harris DEVOR - says his superiors pressured him to go along with accounting fraud.] [SEC Arthur LEVITT - says the capital system could be at stake if the numbers are fake.]

Reporter(s):
Brady, Ray;
Roberts, John
Duration:
00:03:40

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