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DCCL Investigation Concludes (1983)

Louisiana: The State We're In



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


  • Young, David Host
  • Edwards, Edwin Speaker


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.