DCCL Investigation Concludes (1983)
Louisiana: The State We're In
Details
Collection:LPB
Genre: News, Public Affairs
Place Covered: Louisiana
Copyright Holder: Louisiana Educational Television Authority
Date Issued: 1983-07-08
Duration: 00:02:10
Subjects: Deferred Compensation Corporation of Louisiana | Edwards, Edwin W. | INVESTIGATIONS
Contributors:
- Young, David Host
- Edwards, Edwin Speaker
Description
This segment from the July 8, 1983, episode of “Louisiana: The State We’re In” features David Young’s report on the conclusion of the federal investigation into the management of the Deferred Compensation Corporation of Louisiana (DCCL), a $10 million investment fund for state employees. Young reports that the grand jury declined to indict former Governor Edwin Edwards for his role with DCCL, but they did release a report criticizing Edwards for his involvement with the company. At the beginning of the investigation, Edwards admitted to providing Kenneth Womack, the former head of DCCL, with a $1.1 million loan guarantee. This report includes Edwards’ reaction to the grand jury’s report.