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Precious Metals Fraud #81465

ABC Evening News for Tuesday, Oct 04, 1983
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(Studio) Report introduced
REPORTER: Peter Jennings

(NYC) Apparent fraudulent precious metals sales of California-based Bullion Reserve of North America firm examined; New York state attorney general's inquiry into company noted. [New York attorney general Robert ABRAMS - notes he ordered Bullion execs. to produce evidence of their financial claims.] Suicide on following day of Bullion chairperson and discovery of relatively empty vault noted; company said filing for bankruptcy this week. Possible extent of scam considered. [ABRAMS - describes firm's deceptive sales approach.] Company attorney said blaming suicide victim Alan Saxon and filing suit against his estate. [Company attorney Richard OSBORN - declines to speculate on customers' future recovery.] Amount unaccounted for so far noted.
REPORTER: Stone Phillips

Reporter(s):
Jennings, Peter;
Phillips, Stone
Duration:
00:02:20

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