World News Tonight (ABC) - 2002-08-01
Channel: malgent
Uploaded:
Duration: PT1788S
Read a transcript preview of “World News Tonight (ABC) - 2002-08-01” from malgent, uploaded on 2025-12-29.
Transcript preview
Language: English (YouTube automatic captions)
[0:00] Safe after a shootout.
[0:01] >> [music]
[0:02] >> Medical mystery, the alarming increase
[0:04] across the country in children with a
[0:06] serious disorder. We'll take a closer
[0:09] look.
[0:10] And underwater adventure, the
[0:12] round-the-clock race to save a sunken
[0:15] treasure from the graveyard of the
[0:17] Atlantic. One mistake could be fatal.
[0:22] >> [music]
[0:24] >> From ABC News world headquarters in New
[0:27] York,
[0:28] this is World News tonight with Peter
[0:30] Jennings.
[0:31] Sitting in tonight, Elizabeth Vargas.
[0:34] >> Good evening. The government's assault
[0:36] on corporate greed and corruption
[0:37] reached a new level today with the
[0:39] high-profile arrests of two former
[0:42] executives from the bankrupt WorldCom
[0:44] company. This is the second major group
[0:47] of arrests. Last week executives from
[0:49] the Adelphia company were criminally
[0:51] charged. And again today we saw a public
[0:54] shaming, millionaires doing a perp walk.
[0:58] ABC's Pierre Thomas is live at the
[1:00] Justice Department. Good evening,
[1:01] Pierre.
[1:03] >> Elizabeth, today more executives went
[1:05] from the boardroom to the courtroom.
[1:09] Two top former WorldCom executives in
[1:11] handcuffs, accused of deceptive
[1:13] accounting, which hid billions in
[1:15] company expenses.
[1:16] Top law enforcement echoing the
[1:18] president's warning to corporate
[1:20] America.
[1:21] >> The message is this.
[1:23] Corrupt corporate executives are no
[1:25] better than common thieves when they
[1:27] betray their employees and steal from
[1:30] their investors.
[1:32] >> Scott Sullivan, WorldCom's one-time
[1:33] chief financial officer, and former
[1:35] controller David Myers have been charged
[1:38] with seven counts of securities fraud,
[1:40] conspiracy, and