ABC Evening News for Friday, Apr 21, 1978
View other clips in this broadcast →
(Studio) Conviction on fraud chgs. and prison sentence served by Billy Sol Estes, associate of Lyndon B. Johnson, recalled.
REPORTER: Harry Reasoner
(Fort Worth, Texas) Estes parole conditions upon release in 1971 and his alleged job in Abilene, Texas, stated. Current investigation of alleged deals involving Estes, by state and federal agencies, reported Estes' contd. attendance at Church of Christ in Abilene, where he met farmer J.H. Burkett, who loaned him $50,000, noted. [BURKETT - had saved this amount in 30 years of farming. Describes attitude toward Estes; intends to get money back, but hopes he won't have to be harsh about it. Was swindled.] Estes' former partner Don Trull, of Tyler, Texas, is one who turned Estes' files over to government investigators; Trull's background, include conviction of fraud in Mississippi, described. [TRULL - details typical deal one would make with Estes.] Govt. lawsuit for back taxes in connection with 1950's fraud mentioned. Estes' refusal to talk with reporter and interview with his daughter and son-in-law noted. [DAUGHTER - says father doesn't own anything, isn't allowed to and has no money hidden away.] Investigations of Estes' activities by IRS, Postal Service and Securities and Exchange Commission reported.
REPORTER: Charles Murphy