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Gold Investment Fraud #527248

NBC Evening News for Wednesday, Oct 05, 1983
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(Studio) Report introduced
REPORTER: John Palmer

(No location given) Apparent gold fraud by Bullion Reserve of North America, possibly by company `s president Alan Saxon who recently killed himself, examined. [Investor Dr. Stephen GALLO - reacts to his loss.] Amount of gold actually in Perpetual Storage, Incorporated vaults and amount that should be there noted. [Depository president Patrick LYNCH - cites discrepancy between amount on hand and that company sold.] Details of Saxon's suicide outlined. [New York attorney general Robert ABRAMS - notes Saxon left tape recording indicating company's financial difficulty.] Legal action said begun against Saxon's estate; Bullion Reserve mentioned filing for bankruptcy.
REPORTER: Mike Jensen

Jensen, Mike;
Palmer, John

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