NBC Evening News for Friday, May 16, 1975
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(Studio) Officials in Florida uncover possibly biggest land swindle in history; details given.
REPORTER: John Chancellor
(Miami Beach, Florida) Equitable Dvt. Corporation dvter. of Highlands estates; till recently, company also sold corporate notes to investors promising payment of 14% interest and backed by 1st mortgage deeds to parcels of land in subdiv. [Investor, Mrs. Bettye BIGGART - says she acted in good faith but lost $20,000.] [Equitable Corporation president Bernard HOROWITZ - says company did get behind in some payments to investors; reasons given.] Equitable just 1 of 56 companies under investigation.
REPORTER: Kenley Jones
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