NBC Evening News for Monday, Oct 11, 1982
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(Studio) Report introduced
REPORTER: Tom Brokaw
(NYC) Oil and gas lease lottery in Green River Basin, Wyoming, explained. [Lottery director Kathy COONEY - thinks chances of finding oil or gas are slim.] Leasing con job of filing services such as United Geological Service Corp., according to FTC, described. [Oil lease broker Betty SHAFFER - notes attraction of filing services' spiel.] Raymond Haas' experience with New Jersey-based American Geological Research Institution cited as example [HAAS - had hoped to use money for children's college education] Videotape of United Geological Service Corporation salesman Donovan Cunningham promising large return on investment shown; his refusal to comment later noted. [United owners Stephen and Melvin SPINNER - decline comment.] Govt.'s claim that Len Snyderman, director of Florida's Govt. Oil and Gas Lease Corp., uses misleading sales practices examined. [SNYDERMAN - claims to tell customers truth if they ask.] Bureau of Land Mgt.'s reluctance to take action against services due to amount they bring into government each year noted. [BLM director Robert BURFORD - denies aiding and abetting leasing services.] FTC thought closing down many such services soon.
REPORTER: Mark Nykanen