CBS Evening News - 2002-07-24
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Read a transcript preview of “CBS Evening News - 2002-07-24” from malgent, uploaded on 2025-12-26.
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Language: English (YouTube automatic captions)
[0:01] Executives are arrested in a corporate
[0:04] accounting scandal. Saving the big
[0:07] trees. An allout battle to rescue a
[0:10] national treasure threatened by
[0:12] wildfires.
[0:13] A potential threat to your health.
[0:16] Drugresistant germs spreading beyond
[0:19] hospitals now into the community at
[0:22] large. And inside the child kidnap story
[0:26] with a very different ending.
[0:34] This is the CBS Evening News with Dan
[0:37] Rather [music] reporting from CBS News
[0:40] headquarters in New York. Good evening.
[0:42] It's the picture battered Wall Street
[0:44] investors were waiting for. alleged
[0:47] corporate crooks being led away in
[0:49] handcuffs. And they saw it today as
[0:51] former executives of Adelfia
[0:53] Communications were arrested for
[0:55] allegedly skimming and defrauding
[0:58] shareholders. Then word came that
[1:00] Congress had agreed on a business law
[1:02] reform package that includes more jail
[1:05] time for corporate criminals. All that
[1:07] helped to set off a huge Wall Street
[1:09] rally with the Dow rocketing up nearly
[1:12] 500 points. After the market closed,
[1:15] another stunning announcement. The
[1:18] Securities and Exchange Commission is
[1:20] investigating the world's largest media
[1:23] company, AOL Time Warner. CBS News
[1:26] coverage begins with Anthony Mason and
[1:28] the bust that arrested the stock market
[1:31] slide.
[1:33] The former CEO of the nation's sixth
[1:35] largest cable company was led off in
[1:37] handcuffs this morning. 77year-old John
[1:40] Riggus and his two sons arrested and
[1:43] accused of a massive corporate fraud.
[1:45] >> Members of the Rigus family that
[1:47] controlled Adelfia systematically looted
[1:50] the corporation.
[1:51] >> The fraud scheme was simple