Best business reporting from abroad in the broadcast media
AWARD YEAR: 2001
AWARD NAME: The Carl Spielvogel Award 2001
RECIPIENTS: Erin Moriarty, Susan Zirinsky, Peter Schweitzer, Miguel Sancho
AFFILIATION: CBS News—48 Hours
HONORED WORK: “Cybercrime: The Global Prosperity Story”
This investigative report revealed how a fraudulent off- shore organization called the Institute for Global Prosperity used the Internet to lure potential investors to seminars where they were bilked out of their life savings with promises of 250% rates of return. 48 Hours penetrated the IGP seminars with hidden cameras to document conclusively how the organization not only cheated these investors but also encouraged them to violate U.S. tax laws. A few weeks after the broadcast, the IRS raided the homes of the IGP founders. Federal indictments are expected soon.
Citation for Excellence:
Adam Smith
Global Television
“Adam Smith: Russia—Threat or Promise?”