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Detailed text transcripts for TV channel - CNN - 20100716:00:54:00

24 hours a day, seven days a week. reporter: it wasn t. they pooled the money in shell companiesch using new accounts to pay out $51 million to investors that didn t get stiffed. and they lost nearly $50 million through their so-called risk-free trading program. all the while, giving investors phony statements showing solid gains. i promise reporter: this scheme lasted at least three years. by the time the government caught up with them, over $100 million had disappeared. bmw, lexus, collection of watches and fabrege eggs. cook pled guilty to mail fraud and tax evasion. he spent investors money in ways that were decidedly unchristian. they would call up ladies of the

Wasn tTrading programShell companieschDidnt get stiffed51 million50 million00 million1 millionTucht d100 million00 millionFabrege eggsTax evasion

Detailed text transcripts for TV channel - CNN - 20100716:00:11:00

they re behind monies that they re supposed to be paying the government and the interior department, tomorrow, going to be talking about that a lot. there are a lot of issues still on the table the but tonight we can all take at least a sigh of relief and not have to watch half of our screen right now being that oil gusher. absolutely. doug brinkley, as always appreciate your time. john hofmeister, thank you both of you for joining us tonight. appreciate it. thanks. folks, don t go anywhere. could be an important hour, as we hope to learn if the cap will keep holding. it has been nearly five hours since oil last emptied into the gulf. anderson cooper will join me live from new orleans coming up next.

Tucht dInterior departmentJohn hofmeisterDoug brinkleyOil gusherDont goWe haven tAnderson cooperNew orleans

Detailed text transcripts for TV channel - CNN - 20100716:00:10:00

the obama administration came in strong at one juncture. department of energy. president obama brought in the best petroleum engineers and scientists and minds of the world to confront what was an, and is a national security problem, not a bp problem, not a company s problem but an american problem. and you are getting some results here. you know if you look at the history of warfare, world war ii, so many advancements in technology come at a time of crisis. president obama addressed the nation from the oval office and gave kind of a war time speech and said we are going to attack this problem. you are seeing the fruition of our government s attacking of the problem. it s just that it takes a while. and we re keeping our fingers crossed. but as i said this is a bit of good news. we don t have time yet, though, campbell to look at how much damage did the dispersants do. what is the state of the louisiana wetlands. why isn t bp right now paying for the oil that spilled.

President obamaPetroleum engineersDepartment of energyIsnt bpWorld war iiTucht dWar timeOval officeWe haven tUndersea dispersantsCampbell brownLouisiana wetlands

Detailed text transcripts for TV channel - CNN - 20100716:00:25:00

i want to be able to show faith in him again. and in the government again. this its what the government is for. they re supposed to take care of us. and they re letting us down. not just the oil workers, the fishermen, the crabbers, the oystermen, the shrimpers, all of the people of south louisiana. and alabama and mississippi and florida and texas, 4 million people strong, crying out. what do we get? we get lies, we get commissions, we get meetings, we get hearings. well for god s sake, jesus did not hold a commission about the lepers he went out and helped them. that s what i m asking him to do. if he says he is a christian. stand up like a christian, come help us. cherri, i really appreciate you coming on. i know your e speaks to what a lot of people are feeling. i am fighting for survival. fighting for survival.

Tucht dDown in new orleansOil workersSouth louisiana4 millionCherri foytlin

Detailed text transcripts for TV channel - CNN - 20100716:00:20:15

Detailed text transcripts for TV channel - CNN - 20100716:00:20:15
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Oil spillPresident obamaTucht dFaith in you