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Religion and Fraud / Sonrise Management Services / Root #575997

NBC Evening News for Tuesday, Jun 05, 1990
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(Studio: Tom Brokaw) North Carolina reported indicting Thomas Root and three other men for securities fraud; details recalled of Root's mysterious plane flight last year. Report introduced.

(No location given: Mike Jensen) Investigation of religious investment group Sonrise Management Services, Incorporated, featured; scenes shown from Columbus, Georgia. [On solicitation videotape, former Sonrise president Eugene WHITE, former Sonrise official Ralph SAVAGE - comment on their investment company.] [North Carolina secretary of state Rufus EDMISTEN - says group preys on the "religiosity" of investors.] Decision by Judge Walter Miller that company shows the signs of a classic sham noted. [Investor/salesman Ricky PIERCE - talks about Sonrise and his financial losses.] [SAVAGE - defends himself.] [ROOT - blames Savage.] Justice Department recalled charging Root with fraud; photos and scenes shown of Root's plane crash and rescue last July.

(Studio: Tom Brokaw) Root's pleas in federal and North Carolina charges noted.

Reporter(s):
Brokaw, Tom;
Jensen, Mike
Duration:
00:04:40

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