1 00:00:08,341 --> 00:00:15,448 >>> A "60 MINUTES" INVESTIGATION IS EXPOSING PRICE GOUGING AT THE PENTAGON AND YOU WOULD BE HARD-PRESSED TO FIND A BETTER 2 00:00:15,515 --> 00:00:24,891 EXAMPLE THAN THIS. >> THIS BILL IS AN OIL PRESSURE SWITCH THAT NASA USED TO BUY. WELL, THEIR OIL SWITCH WITH ALL 3 00:00:24,958 --> 00:00:37,003 OF THE CABLE COSTS $328. THIS OIL SWITCH WE PAID OVER $10,000 FOR IT. >>> ELIZABETH, SORRY, NEED MY 4 00:00:37,070 --> 00:00:41,374 PASSPORT NUMBER BECAUSE THE UKRAINE TRIP IS ON. YOU CAN READ THAT OUT TO ME. >> THAT'S MY VOICE, BUT THAT'S 5 00:00:41,441 --> 00:00:48,114 NOT ME. IT'S THE DIGITAL RESULT OF A CLEVER HACKER AND A CHEAP VOICE ALTERING APP. 6 00:00:48,181 --> 00:00:53,052 >> DID YOU THINK IT WAS ME? >> YES. >> THIS IS ONE OF THE SCAMS THAT ARE COSTING AMERICAN CITIZENS 7 00:00:53,119 --> 00:01:00,994 $10 BILLION A YEAR. AS YOU'LL HEAR, PEOPLE OVER 60 ARE LIKE ONE OF THE MAIN TARGETS. 8 00:01:01,060 --> 00:01:06,733 >> IT'S LIKE A DEATH IN THE FAMILY. >> WELL, SHE'S WORK TODAY HARD FOR MY MONEY. 9 00:01:06,800 --> 00:01:14,974 >> I SHOWER HAVE. >>> JEFF KOONS IS ONE OF THE MOST PROMINENT AND POLARIZING ART STARS IN THE WORLD. 10 00:01:15,041 --> 00:01:20,213 HIS CREATIONS MAY LOOK SIMPLE BUT THEY CAN TAKE DECADES TO MAKE AND OFTEN PUSH BOUNDARIES OF TECHNOLOGY AND SOMETIMES 11 00:01:20,280 --> 00:01:28,755 TASTE. CRITICS MAY SCOFF AT TIMES BUT THAT'S NOTHING NEW, JEFF KOONS HAS BEEN CONTROVERSIAL SINCE HE 12 00:01:28,822 --> 00:01:36,863 FIRST STARTED SHOWING HIS ART MORE THAN 40 YEARS AGO. >> I'M LESLEY STAHL. >> I'M BILL WHITAKER. 13 00:01:36,930 --> 00:01:42,735 >> I'M ANDERSON COOPER. >> I'M SHARYN ALFONSI. >> I'M JON WERTHEIM. I'M CECILIA VEGA. 14 00:01:42,802 --> 00:01:57,283 >> I'M SCOTT PELLEY. THOSE STORIES AND MORE ON "60 MINUTES." >>> WITH THE U.S. SUPPLYING 15 00:01:57,350 --> 00:02:05,258 BILLIONS OF DOLLARS OF MUNITIONS TO UKRAINE AND GROWING TENSIONS IN THE TAIWAN STRAIT, SOME PENTAGON GENERALS ARE SOUNDING 16 00:02:05,325 --> 00:02:11,364 ALARMS ABOUT THE DWINDLING SUPPLY OF U.S. WEAPONS, AT A TIME WHEN THE COST OF REPLACING THEM IS SKYROCKETING. 17 00:02:11,431 --> 00:02:18,838 WE WONDERED WHY THE PENTAGON IS FINDING IT HARD TO PROCURE WEAPONS IT NEEDS THE A PRICE TAXPAYERS CAN AFFORD? 18 00:02:18,905 --> 00:02:28,515 A SIX-MONTH INVESTIGATION BY "60 MINUTES" FOUND IT HAS LESS TO DO WITH FOREIGN ENTANGLEMENTS THAN DOMESTIC ONES. 19 00:02:28,581 --> 00:02:33,753 WHAT CAN ONLY BE DESCRIBED AS PRICE GOUGING BY U.S. DEFENSE CONTRACTORS. >> THE GOUGING THAT TAKES PLACE 20 00:02:33,820 --> 00:02:45,098 IS UNCONSCIONABLE. IT'S UNCONSCIONABLE. >> PERHAPS NO ONE UNDERSTANDS THE PROBLEM BETTER THAN SHAY 21 00:02:45,164 --> 00:02:50,870 ASSAD, NOW RETIRED AFTER FOUR DECADES NEGOTIATING WEAPONS DEALS. IN THE 1990s, HE WAS EXECUTIVE 22 00:02:50,937 --> 00:03:01,147 VICE PRESIDENT AND CHIEF CONTRACT NEGOTIATOR FOR DEFENSE GIANT RAYTHEON. THEN HE SWITCHED SIDES. 23 00:03:01,214 --> 00:03:07,787 UNDER PRESIDENTS GEORGE W. BUSH, BARACK OBAMA AND DONALD TRUMP, ASSAD ROSE TO BE THE DEFENSE DEPARTMENT'S MOST SENIOR AND 24 00:03:07,854 --> 00:03:18,264 AWARDED CONTRACT NEGOTIATOR. THE PENTAGON, HE TOLD US, OVERPAYS FOR ALMOST EVERYTHING. FOR RADAR AND MISSILES, 25 00:03:18,331 --> 00:03:29,175 HELICOPTERS, PLANES, SUBMARINES, DOWN TO THE NUTS AND BOLTS. >> THIS, BILL, IS AN OIL PRESSURE SWITCH THAT NASA USED 26 00:03:29,242 --> 00:03:40,553 TO BUY. WELL, THEIR OIL SWITCH WITH ALL OF THE CABLING COST $328. THIS OIL SWITCH WE PAID OVER 27 00:03:40,620 --> 00:03:45,692 $10,000 FOR IT. >> SO WHAT ACCOUNTS FOR THAT HUGE DIFFERENCE? >> GOUGING. 28 00:03:45,758 --> 00:03:54,567 WHAT ELSE CAN ACCOUNT FOR IT? >> TO ASSAD'S FORMER DEFENSE INDUSTRY ASSOCIATES, HE WAS THE MOST HATED MAN IN THE PENTAGON, 29 00:03:54,634 --> 00:04:01,207 FOR HIS DOGGED SCRUTINY OF THEIR PRICING PRACTICES. >> NO MATTER WHO THEY ARE, NO MATTER WHAT COMPANY IT IS, THEY 30 00:04:01,274 --> 00:04:08,881 NEED TO BE HELD ACCOUNTABLE. AND RIGHT NOW, THAT ACCOUNTABILITY SYSTEM IS BROKEN IN THE DEPARTMENT OF DEFENSE. 31 00:04:08,948 --> 00:04:15,488 >> SO DOES THAT AFFECT OUR READINESS? >> THERE'S NO DOUBT ABOUT IT. YOU JUST CAN ONLY BUY SO MUCH. 32 00:04:15,555 --> 00:04:21,828 BECAUSE YOU ONLY HAVE SO MUCH MONEY. AND THAT'S WHY I SAY IS IT REALLY ANY DIFFERENT THAN NOT 33 00:04:21,894 --> 00:04:30,203 GIVING A MARINE ENOUGH BULLETS TO PUT IN HIS CLIP? IT'S THE SAME THING. >> ASSAD POINTS TO THE PATRIOT 34 00:04:30,269 --> 00:04:37,877 WEAPONS SYSTEM, A PILLAR OF AIR DEFENSES FOR THE U.S., NATO, UKRAINE AND TAIWAN. IN 2015, ASSAD ORDERED A REVIEW 35 00:04:37,944 --> 00:04:46,753 AND ARMY NEGOTIATORS DISCOVERED LOCKHEED MARTIN AND ITS SUBCONTRACTOR BOEING WERE GROSSLY OVERCHARGING THE 36 00:04:46,819 --> 00:04:53,693 PENTAGON AND U.S. ALLIES BY HUNDREDS OF MILLIONS OF DOLLARS FOR THE PATRIOTS'S PAC-3 MISSILES. 37 00:04:53,760 --> 00:05:00,400 >> AND OVER A SEVEN-YEAR PERIOD, THESE COMPANIES JUST KEEP RAKING IT IN. >> WHAT LEVEL OF PROFIT ARE WE 38 00:05:00,466 --> 00:05:09,208 TALKING ABOUT? >> WELL, IF THE AVERAGE PROFITABILITY THAT WAS NEGOTIATED IN A FIRM FIXED PRICE 39 00:05:09,275 --> 00:05:15,982 CONTRACT WAS TYPICALLY BETWEEN 12% AND 15%, SO A COMPANY COULD MAKE -- >> THAT'S A GOOD PROFIT. 40 00:05:16,049 --> 00:05:22,689 >> SURE. >> BUT SHAY ASSAD TOLD US PENTAGON ANALYSTS FOUND TOTAL PROFITS APPROACHED 40%. 41 00:05:22,755 --> 00:05:30,563 >> BASED ON WHAT THEY ACTUALLY MADE, WE WOULD YOU HAVE RECEIVED AN ENTIRE YEAR'S WORTH OF MISSILES FOR FREE. 42 00:05:30,630 --> 00:05:35,401 >> AN ENTIRE YEAR WORTH OF MISSILES. >> WE WOULD HAVE GOT THEM FOR FREE. 43 00:05:35,468 --> 00:05:41,074 >> BOEING DECLINED OUR REQUEST FOR COMMENT. LOCKHEED TOLD US, WE NEGOTIATE WITH THE GOVERNMENT IN GOOD 44 00:05:41,140 --> 00:05:47,747 FAITH ON ALL OUR PROGRAMS. BUT AFTER THE REVIEW, THE PENTAGON NEGOTIATED A NEW CONTRACT WITH THE COMPANY, 45 00:05:47,814 --> 00:05:55,088 SAVING $550 MILLION. >> WELL, THAT'S HOW YOU BECOME THE MOST HATED MAN IN THE PENTAGON. 46 00:05:55,154 --> 00:05:59,726 WHEN YOU SAY, NO, NO, WE'RE ACTUALLY GOING TO PAY ATTENTION TO THIS. >> ARMY NEGOTIATORS ALSO CAUGHT 47 00:05:59,792 --> 00:06:08,668 ASSAD'S FORMER EMPLOYER RAYTHEON MAKING WHAT THEY CALLED UNACCEPTABLE PROFITS FROM THE PATRIOT SYSTEM, BY DRAMATICALLY 48 00:06:08,735 --> 00:06:16,642 EXAGGERATING THE COST AND HOURS IT TOOK TO BUILD THE RADAR AND GROUND EQUIPMENT. >> YOU CALLED RAYTHEON ON THE 49 00:06:16,709 --> 00:06:20,346 CARPET. >> YES, I DID. YOU KNOW, OF COURSE, I REPORTED THAT INFORMATION UP UP THE 50 00:06:20,413 --> 00:06:31,591 CHAIN. BUT THEN I WENT TO THE INSPECTOR GENERAL AND I ALSO WENT TO THE DEFENSE CRIMINAL INVESTIGATIVE 51 00:06:31,657 --> 00:06:37,396 SERVICE, AND I SAID, I WANT THIS LOOKED INTO. >> RAYTHEON TOLD US IT IS WORKING TO EQUITABLY RESOLVE THE 52 00:06:37,463 --> 00:06:48,741 MATTER, AND IN 2021, CEO GREGORY HAYES INFORMED INVESTORS THE COMPANY WOULD SET ASIDE $290 MILLION FOR PROBABLE LIABILITY. 53 00:06:48,808 --> 00:06:55,715 >> I WILL SAY THIS IS AN ONGOING INVESTIGATION BY DOJ. WE THINK THESE WERE ONE-OFF EVENTS THAT OCCURRED, SHOULD NOT 54 00:06:55,782 --> 00:07:01,420 HAVE OCCURRED, BUT THEY DID. >> ONE-OFFS? >> NO, IT'S NOT ONE-OFF, AND IT'S NOT ONE-OFF WITH A LOT OF 55 00:07:01,487 --> 00:07:11,464 COMPANIES. >> A DEPARTMENT OF DEFENSE STUDY RELEASED LAST MONTH FOUND MAJOR CONTRACTORS FLUSH WITH TENS OF 56 00:07:11,531 --> 00:07:19,806 BILLIONS OF PENTAGON DOLLARS TO HAND OUT TO SHAREHOLDERS. >> WE HAVE TO HAVE A FINANCIALLY HEALTHY DEFENSE INDUSTRIAL BASE. 57 00:07:19,872 --> 00:07:28,080 WE ALL WANT THAT, BUT WHAT WE DON'T WANT TO DO IS GET TAKEN ADVANTAGE OF AND HOODWINKED. >> AND THE U.S. HAS NOWHERE ELSE 58 00:07:28,147 --> 00:07:33,753 TO GO? >> WE HAVE NOWHERE ELSE TO GO. FOR MANY OF THESE WEAPONS THAT ARE BEING SENT OVER TO UKRAINE 59 00:07:33,820 --> 00:07:40,960 RIGHT NOW, THERE'S ONLY ONE SUPPLIER. AND THE COMPANIES KNOW IT. >> IT WASN'T ALWAYS LIKE THIS. 60 00:07:41,027 --> 00:07:47,767 THE ROOTS OF THE PROBLEM CAN BE TRACED BACK TO 1993, WHEN THE PENTAGON LOOKING TO CUT COSTS URGED DEFENSE COMPANIES TO 61 00:07:47,834 --> 00:07:57,410 MERGE. 51 MAJOR CONTRACTORS CONSOLIDATED TO FIVE GIANTS. >> THE LANDSCAPE HAS TOTALLY 62 00:07:57,476 --> 00:08:04,917 CHANGED. IN THE '80s THERE WAS INTENSE COMPETITION AMONG A NUMBER OF COMPANIES. 63 00:08:04,984 --> 00:08:11,224 AND SO THE GOVERNMENT HAD CHOICES, THEY HAD LEVERAGE. WE HAVE LIMITED LEVERAGE NOW. >> THE PROBLEM WAS COMPOUNDED 64 00:08:11,290 --> 00:08:18,564 WHEN THE PENTAGON IN ANOTHER COST-SAVING MOVE, CUT 130,000 EMPLOYEES WHOSE JOBS WERE TO NEGOTIATE AND OVERSEE DEFENSE 65 00:08:18,631 --> 00:08:24,704 CONTRACTS. >> THE WATCHDOGS IN THE GOVERNMENT. >> THE WATCHDOGS, THE 66 00:08:24,770 --> 00:08:33,579 NEGOTIATORS, THE ENGINEERS, THE PROGRAM MANAGERS. OVER 50% WAS REMOVED. >> IT WAS THE ERA OF DOWNSIZING. 67 00:08:33,646 --> 00:08:39,452 >> ABSOLUTELY. >> THE GOVERNMENT GETTING GOVERNMENT OUT. >> LET BUSINESS DO THEIR THING, 68 00:08:39,518 --> 00:08:44,590 RIGHT? IT WAS ULTIMATELY A DISASTER. >> AND THE GOVERNMENT WAS COMPLICIT. 69 00:08:44,657 --> 00:08:53,432 >> YES. THEY WERE CONVINCED THAT THEY COULD RELY ON THE COMPANIES TO DO WHAT WAS IN THE BEST 70 00:08:53,499 --> 00:09:01,307 INTERESTS OF THE WAR FIGHTERS AND THE TAXPAYERS. >> THE PENTAGON GRANTED COMPANIES UNPRECEDENTED LEEWAY 71 00:09:01,374 --> 00:09:07,513 TO MONITOR THEMSELVES. INSTEAD OF SAVING MONEY, ASSAD TOLD US THE PRICE OF ALMOST EVERYTHING BEGAN TO RISE. 72 00:09:07,580 --> 00:09:14,320 IN THE COMPETITIVE ENVIRONMENT BEFORE THE COMPANIES CONSOLIDATED, A SHOULDER FIRED STINGER MISSILE COST $25,000 IN 73 00:09:14,387 --> 00:09:23,329 1991. WITH RAYTHEON NOW THE SOLE SUPPLIER, IT COSTS MORE THAN $400,000 TO REPLACE EACH MISSILE 74 00:09:23,396 --> 00:09:32,371 SENT TO UKRAINE. EVEN ACCOUNTING FOR INFLATION AND SOME IMPROVEMENTS THAT'S A SEVEN-FOLD INCREASE. 75 00:09:32,438 --> 00:09:39,845 >> INDUSTRY'S MOTIVATIONS AND OBJECTIVES ARE DIFFERENT THAN THE DEPARTMENT OF DEFENSE'S. >> RETIRED AIR FORCE LIEUTENANT 76 00:09:39,912 --> 00:09:47,186 GENERAL CHRIS BOGDAN SPENT HIS CAREER OVERSEEING THE PURCHASE OF SOME OF THE COUNTRY'S MOST CRITICAL WEAPONS SYSTEMS. 77 00:09:47,253 --> 00:09:54,961 >> THEY ARE COMPANIES THAT HAVE TO SURVIVE, MAKE PROFIT. THE DEPARTMENT OF DEFENSE, ON THE OTHER HAND, WANTS THE BEST 78 00:09:55,027 --> 00:10:01,934 WEAPON SYSTEMS IT CAN HAVE AS QUICKLY AS POSSIBLE AND AS INEXPENSIVELY AS POSSIBLE. THOSE ARE OPPOSITE ENDS OF THE 79 00:10:02,001 --> 00:10:07,139 SPECTRUM. >> BUT IN OUR SYSTEM, THERE'S NOTHING WRONG WITH PROFIT. >> NO, THERE ISN'T. 80 00:10:07,206 --> 00:10:13,546 BUT TAKEN TO AN EXTREME, INDUSTRY MAY NOT MAKE THE BEST DECISIONS IN THE BEST INTERESTS OF THE GOVERNMENT. 81 00:10:13,612 --> 00:10:20,519 >> GENERAL BOGDAN SAYS WE'VE ONLY BEGUN TO FEEL THE FULL IMPACT. IN 2012, HE WAS TAPPED TO TAKE 82 00:10:20,586 --> 00:10:28,894 THE REINS OF THE TROUBLED F-35 JOINT STRIKE FIGHTER PROGRAM. IT WAS SEVEN YEARS BEHIND SCHEDULE AND $90 BILLION OVER 83 00:10:28,961 --> 00:10:37,937 THE ORIGINAL ESTIMATE, BUT BOGDAN TOLD US THE BIGGEST COSTS ARE YET TO COME FOR SUPPORT AND MAINTENANCE, WHICH COULD END UP 84 00:10:38,004 --> 00:10:46,178 COSTING TAXPAYERS $1.3 TRILLION. >> WE WON'T BE ABLE TO BUY AS MANY F-35s AS WE THOUGHT. BECAUSE IT DOESN'T MAKE A WHOLE 85 00:10:46,245 --> 00:10:54,453 LOT OF SENSE TO BUY MORE AIRPLANES WHEN YOU CAN'T AFFORD THE ONES YOU HAVE. >> THE PENTAGON HAS CEDED 86 00:10:54,520 --> 00:11:03,029 CONTROL OF THE PROGRAM TO HOCK LOCKHEED MARTIN. THE CONTRACTOR IS DELIVERING THE AIRCRAFT THE PENTAGON PAID TO 87 00:11:03,095 --> 00:11:09,035 DESIGN AND BUILD, BUT UNDER THE CONTRACT, LOCKHEED AND ITS SUPPLIERS RETAINED CONTROL OF DESIGN AND REPAIR DATA. 88 00:11:09,101 --> 00:11:15,808 THE PROPRIETARY INFORMATION NEEDED TO FIX AND UPGRADE THE PLANE. >> SO YOU SPEND BILLIONS AND 89 00:11:15,875 --> 00:11:23,149 BILLIONS OF DOLLARS TO GET THIS PLANE BUILT. AND IT DOESN'T ACTUALLY BELONG TO THE DEPARTMENT OF DEFENSE? 90 00:11:23,215 --> 00:11:31,390 >> THE WEAPON SYSTEM BELONGS TO THE DEPARTMENT. BUT THE DATA UNDERLYING THE DESIGN OF THE AIRPLANE DOES NOT. 91 00:11:31,457 --> 00:11:40,800 >> WE CAN'T MAINTAIN AND SUSTAIN THE PLANES WITHOUT LOCKHEED. >> CORRECT. AND THAT'S BECAUSE WE DIDN'T UP 92 00:11:40,866 --> 00:11:49,308 FRONT EITHER BUY OR NEGOTIATE GETTING THE TECHNICAL DATA WE NEEDED SO THAT WHEN A PART BREAKS THE DOD CAN FIX IT 93 00:11:49,375 --> 00:11:59,151 THEMSELVES. >> WHEN A PART BREAKS, IT'S LIKELY TO COME FROM A SUBCONTRACTOR LIKE TRANSDIGM, 94 00:11:59,218 --> 00:12:04,824 WHICH HAS SEEN ITS STOCK SOAR AS IT BUYS UP COMPANIES THE MILITARY DEPENDS ON FOR SPARE PARTS. 95 00:12:04,890 --> 00:12:12,731 FOUNDER NICK HOWLEY HAS TWICE BEEN CALLED BEFORE CONGRESS OVER ACCUSATIONS OF PRICE GOUGING, SHAY ASSAD'S REVIEW TEAM FOUND 96 00:12:12,798 --> 00:12:23,542 THE GOVERNMENT WILL PAY THE COMPANY $119 MILLION FOR PARTS THAT SHOULD COST $28 MILLION. >> COULD YOU SELL TO THE DOD 97 00:12:23,609 --> 00:12:33,486 THESE PARTS AT A LOWER PRICE AND STILL MAKE A REASONABLE PROFIT? >> I DON'T BELIEVE THAT'S THE QUESTION FOR US. 98 00:12:33,552 --> 00:12:42,495 >> TRANSDIGM TOLD US IT FOLLOWS THE LAW AND CHARGES MARKET PRICES, BUT IN 2006, SHAY ASSAD SAYS APACHE HELICOPTERS WERE 99 00:12:42,561 --> 00:12:50,369 UNABLE TO FLY WITHOUT A CRUCIAL VALVE. TRANSDIGM HAD TAKEN OVER THE MANUFACTURER AND HIKED THE PRICE 100 00:12:50,436 --> 00:12:59,011 OF THE VALVE BY $747, UP ALMOST 40%. >> WE SAID, LOOK, WE NEED THESE PARTS TO GO ON AIRCRAFT THAT ARE 101 00:12:59,078 --> 00:13:04,850 IN IRAQ. THEY SIMPLY SAID, WE'RE NOT GOING TO SHIP IT UNTIL YOU COUGH UP. 102 00:13:04,917 --> 00:13:09,955 >> TO THE BATTLEFIELD? >> THAT'S CORRECT. THIS WAS GOING TO THE BATTLEFIELD. 103 00:13:10,022 --> 00:13:17,796 >> BY 2018, THE VALVE WOULD GROW TO COST ALMOST $12,000. A PENTAGON REPORT CALLED IT EXTORTION. 104 00:13:17,863 --> 00:13:28,407 IN MARCH, THE PENTAGON ANNOUNCED ITS LARGEST BUDGET EVER, $842 BILLION, ALMOST HALF WILL GO TO DEFENSE CONTRACTORS. 105 00:13:28,474 --> 00:13:36,248 WHILE CONTRACT SPENDING IS GOING UP, PENTAGON OVERSIGHT IS GOING DOWN, THROUGH CUTS AND ATTRITION. 106 00:13:36,315 --> 00:13:42,821 WE MET WITH RECENTLY RETIRED AUDITORS JULIE SMITH AND MARK OWEN, AND CONTRACTING OFFICER KATHRYN FORESMAN WHO ARE PART OF 107 00:13:42,888 --> 00:13:50,396 THE DOWNSIZING. THEY TOLD US LESS OVERSIGHT AND SHAY ASSAD NOW GONE, THE PENTAGON IS LOSING THE BATTLE TO 108 00:13:50,462 --> 00:14:01,840 HOLD DOWN PRICES. >> SO EXPLAIN TO ME, WHY CAN'T THE DEPARTMENT OF DEFENSE JUST STEP UP TO TRANSDIGM AND SAY NO, 109 00:14:01,907 --> 00:14:07,413 WE'RE NOT GOING TO PAY THAT? >> BECAUSE WE DON'T HAVE ANOTHER SOURCE FOR A LOT OF THE SPARES THAT THEY PROVIDE RIGHT NOW. 110 00:14:07,479 --> 00:14:15,788 THEY ARE THE LITERALLY ONLY GAME IN TOWN IN ORDER TO MAKE AN AIRCRAFT FLY. SO WE'RE AT THEIR MERCY. 111 00:14:15,854 --> 00:14:21,827 >> THAT MAKE SENSE TO ANY OF YOU? >> NO. IT IS VERY CONCERNING TO ME, 112 00:14:21,894 --> 00:14:29,835 CONTRACTORS SEE THAT THEY CAN DO THIS, THEY ARE THE ONES THAT HOLD THE POWER. >> SO IT'S NOT REALLY A TRUE 113 00:14:29,902 --> 00:14:36,575 CAPITALISTIC MARKET BECAUSE ONE COMPANY IS TELLING YOU WHAT'S GOING TO HAPPEN. >> SO IF IT'S NOT A CAPITALISTIC 114 00:14:36,642 --> 00:14:42,848 SYSTEM, WHAT IS IT? >> IT'S A MONOPOLY. >> MONOPOLY. >> IF YOU'RE HAPPY WITH 115 00:14:42,915 --> 00:14:49,555 COMPANIES GOUGING YOU AND JUST LOOKING YOU RIGHT IN THE EYE AND SAY I'M GOING TO KEEP GOUGING YOU BECAUSE I KNOW YOU DON'T 116 00:14:49,622 --> 00:14:56,362 HAVE THE GUTS TO DO ANYTHING ABOUT IT. THEN I GUESS WE SHOULD JUST KEEP DOING WHAT WE'RE DOING. 117 00:14:56,428 --> 00:15:02,868 >> IN REPORTING THIS STORY, THE DEFENSE DEPARTMENTAL ALLOWED "60 MINUTES" SOME BACKGROUND INTERVIEWS WITH ANALYSTS, BUT 118 00:15:02,935 --> 00:15:09,008 ULTIMATELY DECIDED NOT TO PROVIDE ANYONE TO SPEAK ON CAMERA. 119 00:15:18,817 --> 00:15:23,389 >>> MORE AMERICANS THAN EVER RELY ON ALARM SYSTEMS, GATES OR DOORBELL CAMERAS TO HELP PROTECT THEIR FAMILIES, BUT 120 00:15:23,455 --> 00:15:29,662 STATISTICALLY, YOU ARE NOW MORE LIKELY TO BE THE VICTIM OF THEFT ONLINE THAN A PHYSICAL BREAK-IN AT HOME. 121 00:15:29,728 --> 00:15:38,971 A NEW REPORT FROM THE FBI REVEALS THAT AMERICANS LOST MORE THAN $10 BILLION LAST YEAR TO ONLINE SCAMS AND DIGITAL FRAUD. 122 00:15:39,038 --> 00:15:46,312 PEOPLE IN THEIR 30s WHO ARE AMONG THE MOST CONNECTED ONLINE FILED THE MOST COMPLAINTS. BUT WE WERE SURPRISED TO LEARN 123 00:15:46,378 --> 00:15:53,886 THE GROUP THAT LOSES THE MOST MONEY TO SCAMMERS IS SENIORS. TONIGHT, WE WILL SHOW YOU HOW CYBER CON ARTISTS ARE USING 124 00:15:53,952 --> 00:16:03,228 ARTIFICIAL INTELLIGENCE, WIDELY AVAILABLE APPS AND SOCIAL ENGINEERING TO TARGET OUR PARENTS AND GRANDPARENTS. 125 00:16:03,295 --> 00:16:07,666 >> IT'S LIKE A DEATH IN THE FAMILY. >> SHE'S WORKED SO HARD, YOU KNOW. 126 00:16:07,733 --> 00:16:14,506 >> FOR MY MONEY, I SURE HAVE. >> SUSAN MONAHAN AND HER DAUGHTER TAMARA ARE TALKING ABOUT HOW THE 81-YEAR-OLD WAS 127 00:16:14,573 --> 00:16:20,813 CONNED OUT OF THOUSANDS OF DOLLARS IN WHAT LAW ENFORCEMENT CALLS A GRANDPARENT SCAM. >> TELL ME ABOUT THE CALL YOU 128 00:16:20,879 --> 00:16:29,021 THAT GOT. >> THERE WAS A YOUNG ADULT ON THE LINE SAYING, GRANDMA, I NEED YOUR HELP. 129 00:16:29,088 --> 00:16:35,828 IN A FRANTIC VOICE SCARED SAYING I WAS DRIVING AND SUDDENLY THERE WAS A WOMAN STOPPED IN FRONT OF ME. 130 00:16:35,894 --> 00:16:43,802 SHE'S PREGNANT AND I HIT HER. AND THEY'RE GOING TO TAKE ME TO JAIL. AND, GRANDMA, PLEASE DON'T CALL 131 00:16:43,869 --> 00:16:49,875 MY MOM AND DAD BECAUSE I DON'T WANT THEM TO KNOW. AND I SAID, BRANDON, IT DOESN'T SOUND LIKE YOU. 132 00:16:49,942 --> 00:16:54,079 HE SAID OH, I HAVE A COLD, GRANDMA. >> YOU THINK IT'S YOUR GRANDSON? >> I DO. 133 00:16:54,146 --> 00:17:01,487 AND HE SAID GRANDMA, A FRIEND OF MINE HAS AN ATTORNEY, THAT WE CAN USE AND THAT WE CAN DO SOMETHING ABOUT ME GOING TO 134 00:17:01,553 --> 00:17:06,592 JAIL. AND I SAID, YES, OF COURSE. >> MONAHAN SAID THE SCAMMER PRETENDING TO BE A HELPFUL 135 00:17:06,658 --> 00:17:13,399 ATTORNEY GOT ON THE LINE. IT WAS JUNE OF 2020. DURING THE PANDEMIC AND HE PROMISED TO KEEP HER GRANDSON 136 00:17:13,465 --> 00:17:21,874 OUT OF JAIL. IF SHE COULD GET $9,000 FOR BAIL TO HIM QUICKLY. >> WHAT OTHER INSTRUCTIONS WERE 137 00:17:21,940 --> 00:17:28,080 YOU GIVEN? >> I NEEDED TO MAKE AN ENVELOPE THAT WAS ADDRESSED TO THIS CERTAIN JUDGE, THAT HE WAS GOING 138 00:17:28,147 --> 00:17:34,219 TO COORDINATE THIS THROUGH AND WRITE ON THERE AND THEY GAVE ME THE NAME, THE ADDRESS, AND EVERYTHING ELSE FOR THIS 139 00:17:34,286 --> 00:17:38,924 ENVELOPE. >> DID IT SOUND PRETTY LEGITIMATE? >> OH, ABSOLUTELY. 140 00:17:38,991 --> 00:17:44,596 HE HAS THE LEGALESE. >> MONAHAN IS A TAX PREPARER, WITH AN MBA. THE SCAMMER KEPT HER ON THE 141 00:17:44,663 --> 00:17:50,869 PHONE AS SHE RUSHED TO THE BANK. >> WHAT DID HE SAY? >> HE SAID WHEN YOU GO THERE, MAKE SURE YOU TELL THEM THAT 142 00:17:50,936 --> 00:17:59,077 IT'S FOR HOME IMPROVEMENTS BECAUSE THEY MIGHT QUESTION THE FACT THAT YOU'RE WITHDRAWING $9,000. 143 00:17:59,144 --> 00:18:04,183 >> MINUTES AFTER MONAHAN GOT HOME WITH THE CASH, A COURIER SHOWED UP TO TAKE IT. THIS IS VIDEO FROM THE DOORBELL 144 00:18:04,249 --> 00:18:11,190 CAMERA. YOU CAN HEAR MONAHAN ON THE PHONE WITH THE SCAMMER AS SHE HANDS OFF THE MONEY. 145 00:18:11,256 --> 00:18:15,494 >> HE SAID TO MOVE YOUR BUTT BECAUSE THEY'RE ON A DEADLINE. >> OKAY. HAVE A GREAT DAY. 146 00:18:15,561 --> 00:18:20,132 >> SHE SAYS AS SOON AS THE COURIER LEFT AND THE ADRENALINE LEFT HER BODY, SHE WAS FILLED WITH A SICK FEELING SHE'D BEEN 147 00:18:20,199 --> 00:18:27,139 SCAMMED. >> IT'S JUST DEVASTATING. >> WHAT DID THEY DO TO YOUR MOM? BEYOND THE MONEY, BEYOND TAKING 148 00:18:27,206 --> 00:18:34,980 $9,000 FROM HER? >> WELL, IT'S YOUR LIVELIHOOD. I'M SORRY, IT JUST GETS YOU, LIKE, IN YOUR GUT. 149 00:18:35,047 --> 00:18:41,687 >> THE FEDERAL TRADE COMMISSION REPORTS SCAMS LIKE THESE SKYROCKETED 70% DURING THE PANDEMIC WHEN SENIORS HOME ALONE 150 00:18:41,753 --> 00:18:49,561 WENT ONLINE TO SHOP OR KEEP IN TOUCH WITH FAMILY. >> HOW MUCH MONEY WERE YOU SCAMMED OUT OF? 151 00:18:49,628 --> 00:18:56,602 >> $11,300. >> $14,000. >> $7,600. >> JUDY ATTIG AND HER HUSBAND 152 00:18:56,668 --> 00:19:05,043 RON A RETIRED IRON WORKER, WERE VICTIMS OF THE SAME GRANDPARENT SCAM AS SUSAN MONAHAN. THAT'S THE VIEW FROM THEIR 153 00:19:05,110 --> 00:19:12,217 DOORBELL CAMERA, AS THE SAME COURIER TOOK OFF WITH $7,600 OF THEIR SAVINGS. >> $7,600 HITS HARD. 154 00:19:12,284 --> 00:19:16,955 >> OH, YEAH. >> WELL, THAT WAS FOR -- IF WE WANTED TO GO ON A TRIP OR SOMETHING. 155 00:19:17,022 --> 00:19:24,897 IT WAS TERRIBLE. I WAS A MESS. >> STEVE SAVAGE, A RETIRED SCIENTIST, WAS SCAMMED WHEN HE 156 00:19:24,963 --> 00:19:31,537 OPENED A FAKE EMAIL FROM THE GEEK SQUAD. >> THE EMAIL SAYS THAT YOUR BANK ACCOUNT IS BEING CHARGED $399 157 00:19:31,603 --> 00:19:39,211 FOR ANOTHER YEAR. AND I'M LIKE, WAIT A MINUTE, I DON'T REMEMBER IT BEING ANYWHERE CLOSE TO THAT. 158 00:19:39,278 --> 00:19:48,787 >> THE CUSTOMER SERVICE NUMBER WENT TO A SCAMMER POSING AS A REPRESENTATIVE OF THE COMPANY. SAVAGE WAS DUPED OUT OF $14,000. 159 00:19:48,854 --> 00:19:55,527 >> ESTER MAESTRE WAS SCAMMED TOO. THE RETIRED NURSE SAYS AN ALARM SOUNDED ON HER iPAD WITH A 160 00:19:55,594 --> 00:20:01,800 MESSAGE TO CALL TECH SUPPORT. SHE DID. HE SAID THAT LAST NIGHT BETWEEN 4:00 AND 9:00 P.M., YOUR BANK 161 00:20:01,867 --> 00:20:07,172 ACCOUNT HAS BEEN HACKED. >> AND YOUR HEART PROBABLY STOPPED. >> OH, YOU KNOW, I FELT SO 162 00:20:07,239 --> 00:20:14,246 NERVOUS. BUT HE SAID, I AM GOING TO TRANSFER YOU TO ANOTHER GUY WHO'S A SECURITY AT CHASE BANK. 163 00:20:14,313 --> 00:20:21,086 >> THAT FAKE BANK EMPLOYEE TOLD HER HACKERS MIGHT ABLE TO ACCESS HER BANK ACCOUNT AND INSTRUCTED HER TO IMMEDIATELY WITHDRAW 164 00:20:21,153 --> 00:20:31,029 MONEY AND DEPOSIT IT INTO A NEW ACCOUNT FOR SAFEKEEPING. MAESTRE DID AND LOST $11,000. >> AND HAVE YOU BEEN ABLE TO 165 00:20:31,096 --> 00:20:36,635 RECOVER ANY OF YOUR MONEY. > NOTHING. >> NOTHING. >> I'M THE ONE THAT PULLED THE 166 00:20:36,702 --> 00:20:43,208 MONEY OUT OF THE BANK SO I WON'T BE REIMBURSED. >> IF YOUR HOUSE GETS BROKEN INTO, YOU CALL THE POLICE. 167 00:20:43,275 --> 00:20:49,615 IF THIS HAPPENS -- >> THERE'S NO ONE TO CALL. >> SCOTT PIRRELLO IS A DEPUTY DISTRICT ATTORNEY WHO RUNS SAN 168 00:20:49,681 --> 00:20:55,687 DIEGO'S ELDER JUSTICE TASK FORCE AND CONNECTED US TO THE VICTIMS YOU JUST HEARD FROM. HE SAYS STUDIES SHOW ONLY 1 IN 169 00:20:55,754 --> 00:21:02,294 EVERY 20 SENIORS WHO HAVE BEEN SCAMMED REPORT IT. OFTEN, THEY'RE EMBARRASSED. >> MOST PEOPLE WHO HAVE NOT 170 00:21:02,361 --> 00:21:08,066 EXPERIENCED THIS THINK, WELL, THESE PEOPLE MUST HAVE DEMENTIA OR ALZHEIMER'S. IT'S NOT THE CASE. 171 00:21:08,133 --> 00:21:12,671 OUR VICTIMS ARE AS SHARP AS A TACK. WE HAD A WOMAN, 66 YEARS OLD, SHE CAME HOME. 172 00:21:12,738 --> 00:21:19,811 SHE GOT A MESSAGE ON HER COMPUTER FROM MICROSOFT AND THE MESSAGE SAID THAT SHE HAD A VIRUS ON HER COMPUTER. 173 00:21:19,878 --> 00:21:31,289 AND THEN THAT VIRUS HAD SOMEHOW INFECTED HER FINANCIAL ACCOUNTS. WITHIN A MATTER OF WEEKS THIS VICTIM HAD LOST $800,000. 174 00:21:31,356 --> 00:21:37,696 >> OH, MY GOSH. >> THE SCARIEST PART OF THESE SCAMS IS THAT THESE VICTIMS HAVE NO RECOURSE. 175 00:21:37,763 --> 00:21:46,571 THEY'RE LEFT BEWILDERED. >> WHAT TYPICALLY HAPPENS? >> THE SENIORS THAT HAVE THE COURAGE TO REPORT THAT THIS HAS 176 00:21:46,638 --> 00:21:51,309 HAPPENED ARE BEING TOLD THAT I'M SORRY THERE'S NOTHING WE COULD DO. AND THAT IS THE REALITY. 177 00:21:51,376 --> 00:21:58,650 THAT A LOCAL POLICE DETECTIVE IN KANSAS CITY DOESN'T HAVE THE REACH TO GO INVESTIGATE A CASE THAT'S BEING OPERATED FROM THE 178 00:21:58,717 --> 00:22:07,325 CARIBBEAN OR FROM NIGERIA OR GHANA. >> INVESTIGATORS ALSO HAVE TRACED SCAMMED TO EUROPE, 179 00:22:07,392 --> 00:22:12,698 SOUTHEAST ASIA AND CANADA. >> TO COMBAT THEM, SAN DIEGO'S ELDER JUSTICE TASK FORCE HAS TAKEN A NEW APPROACH. 180 00:22:12,764 --> 00:22:19,671 INVESTIGATORS COLLECT EVERY LOCAL FRAUD CASE, THEN COLLABORATE WITH FEDERAL AUTHORITIES TO CONNECT THEM. 181 00:22:19,738 --> 00:22:27,245 >> IF WE HAVE A VICTIM THAT LOST $12,000 HERE IN SAN DIEGO, THERE IS WITHOUT QUESTION, DOZENS OF OTHER VICTIMS TO THE SAME SCAM 182 00:22:27,312 --> 00:22:33,585 AND MILLIONS OF DOLLARS IN LOSSES. AND THEN ONCE WE IDENTIFY THAT THE SCAM IS PART OF SOMETHING 183 00:22:33,652 --> 00:22:39,825 MUCH LARGER, THEN WE CAN DELIVER THAT TO OUR FEDERAL PARTNERS WITH THE REACH TO GO AROUND THE COUNTRY. 184 00:22:39,891 --> 00:22:47,532 BECAUSE THESE ARE NETWORKS. THEY ARE TRANSNATIONAL, ORGANIZED CRIMINAL NETWORKS. >> IN 2021, PIRRELLO HELPED THE 185 00:22:47,599 --> 00:22:55,741 FBI BRING DOWN A NETWORK OF CRIMINALS WHO STOLE MILLIONS OF DOLLARS FROM ELDERLY VICTIMS. >> REMEMBER, THOSE DOORBELL 186 00:22:55,807 --> 00:23:02,414 VIDEOS FROM THE GRANDPARENTS SCAM? THE COURIER, A 22-YEAR-OLD CALIFORNIAN WAS THE STARTING 187 00:23:02,481 --> 00:23:11,156 POINT FOR THE FBI'S CASE. SHE'S SERVING TIME FOR HER ROLE, BUT THE FBI SAYS THE SCAM'S RING LEADERS, TWO BAHAMIAN NATIONALS, 188 00:23:11,223 --> 00:23:16,828 BASED IN FLORIDA, FLED THE COUNTRY BEFORE THEY COULD BE ARRESTED. >> IF YOU DON'T KNOW HOW A 189 00:23:16,895 --> 00:23:22,701 CRIMINAL THINKS, THEN YOU REALLY DON'T KNOW HOW YOU CAN PROTECT YOURSELF ONLINE. >> RACHEL TOBAC IS WHAT'S CALLED 190 00:23:22,768 --> 00:23:27,205 AN ETHICAL HACKER. SHE STUDIED HOW THESE CRIMINALS OPERATE. SO ETHICAL HACKERS, WE STEP IN 191 00:23:27,272 --> 00:23:33,478 AND SHOW YOU HOW IT WORKS. >> TOBAC IS THE CEO OF SOCIAL PROOF SECURITY, A DATA PROTECTION FIRM THAT ADVISES 192 00:23:33,545 --> 00:23:41,520 FORTUNE 500 COMPANIES, THE MILITARY AND PRIVATE CITIZENS ON THEIR VULNERABILITIES. WE HIRED HER TO SHOW US HOW EASY 193 00:23:41,586 --> 00:23:52,798 IT IS TO USE INFORMATION FOUND ONLINE TO SCAM SOMEONE. WE ASKED HER TO TARGET OUR OUR UNSUSPECTING COLLEAGUE 194 00:23:52,864 --> 00:23:55,867 ELIZABETH. >> TOBAC FOUND ELIZABETH'S CELL PHONE NUMBER ON A BUSINESS NETWORKING WEBSITE. 195 00:23:55,934 --> 00:24:02,240 AS WE SET UP FOR AN INTERVIEW, TOBAC CALLED ELIZABETH BUT USED AN AI-POWERED APP TO MIMIC MY VOICE AND ASK FOR MY PASSPORT 196 00:24:02,307 --> 00:24:12,117 NUMBER. >> YES, YES, I DO HAVE IT, OKAY, READY? >> TOBAC PLAYS THE AI GENERATED 197 00:24:12,184 --> 00:24:18,824 VOICE RECORDING FOR US, TO REVEAL THE SCAM. >> ELIZABETH, SORRY, I NEED MY PASSPORT NUMBER BECAUSE THE 198 00:24:18,890 --> 00:24:25,730 UKRAINE TRIP IS ON. CAN YOU READ THAT OUT TO ME? >> DOES THAT SOUND FAMILIAR? >> YES, I GAVE HER -- 199 00:24:25,797 --> 00:24:31,469 >> WOW. >> I HAVE -- >> I WAS DUPED. >> WHAT DID IT SAY ON THE PHONE? 200 00:24:31,536 --> 00:24:37,876 >> SHARYN. >> HOW DID YOU DO THAT? >> SO I USED SOMETHING CALLED A SPOOFING TOOL TO ACTUALLY BE 201 00:24:37,943 --> 00:24:41,780 ABLE TO CALL YOU AS SHARYN. >> OH, SO I WAS HACKED AND I FAILED THE HACKING -- >> NO. 202 00:24:41,847 --> 00:24:50,255 >> BUT EVERYBODY WOULD GET TRICKED WITH THAT EVERYBODY WOULD. IT SAYS SHARYN. 203 00:24:50,322 --> 00:24:53,491 WHY WOULD I NOT ANSWER THIS CALL? WHY WOULD I NOT GIVE THAT INFORMATION? 204 00:24:53,558 --> 00:24:57,429 >> TOBAC SHOWED US HOW SHE TOOK CLIPS OF ME FROM TELEVISION AND PUT IT INTO AN APP. THAT CLONED MY VOICE. 205 00:24:57,495 --> 00:25:02,367 IT TOOK ABOUT FIVE MINUTES. >> I AM A PUBLIC PERSON. MY VOICE IS OUT THERE. COULD A PERSON WHO'S NOT A 206 00:25:02,434 --> 00:25:06,872 PUBLIC PERSON LIKE ME BE SPOOFED AS EASILY? >> ANYBODY CAN BE SPOOFED. AND OFTEN TIMES, ATTACKERS WILL 207 00:25:06,938 --> 00:25:12,177 GO AFTER PEOPLE. THEY DON'T EVEN KNOW WHO THESE PEOPLE ARE. BUT THEY KNOW THIS PERSON HAS A 208 00:25:12,244 --> 00:25:17,849 RELATIONSHIP TO THE OTHER PERSON. THEY CAN IMPERSONATE THAT PERSON ENOUGH JUST BY CHANGING THE 209 00:25:17,916 --> 00:25:21,553 PITCH AND THE MODULATION OF THEIR VOICE. AND I BELIEVE THAT'S MY NEPHEW AND I NEED TO REALLY WIRE THAT 210 00:25:21,620 --> 00:25:27,726 MONEY. >> TOBAC SAYS HACKERS NO LONGER NEED TO INFILTRATE COMPUTERS THROUGH A BACK DOOR. 211 00:25:27,792 --> 00:25:41,406 SHE SAID 95% OF THE HACKS TODAY HAPPEN AFTER A USER CLICKS ON A TEXT, A LINK. >> YOU WERE ABLE TO HACK MY 212 00:25:41,473 --> 00:25:47,045 COLLEAGUE ELIZABETH WHO IS A TECH-SAVVY MILLENNIAL. WHAT DOES THAT TELL YOU? >> ANYBODY CAN BE HACKED. 213 00:25:47,112 --> 00:25:51,683 ANYBODY CAN FALL FOR WHAT ELIZABETH FELL FOR. IN FACT, WHEN I DO THAT TYPE OF ATTACK, EVERY SINGLE TIME THE 214 00:25:51,750 --> 00:25:59,024 PERSON FALLS FOR IT. >> SHE SAID HACKERS ARMED WITH BASIC INFORMATION LIKE A RELATIVE'S NAME FOUND ONLINE OR 215 00:25:59,090 --> 00:26:06,798 AN APP THAT CAN MIMIC A VOICE OR CHANGE THE CALL I.D. CAN CREATE A CONVINCING STORY. >> IF YOU WERE TO RECEIVE A 216 00:26:06,865 --> 00:26:15,674 PHONE CALL, A TEXT MESSAGE, AN EMAIL, AND IT'S ASKING FOR SOMETHING SENSITIVE, URGENT, AND THEY WANT ME TO GIVE SOMETHING 217 00:26:15,740 --> 00:26:22,147 TO THEM. I'M GOING TO TAKE A BEAT AND I'M GOING TO CHECK THAT PERSON AND THEY WHO THEY ARE. 218 00:26:22,213 --> 00:26:31,623 >> POLITELY PARANOID. >> TOBAC HAS WORKED WITH A CONSULTANT FOR AURA, A BOSTON-BASED TECHNOLOGY COMPANY 219 00:26:31,690 --> 00:26:47,973 THAT CREATED SOFTWARE TO PROTECT THE IDENTITY, PASSPORTS OF FAMILIES IN ONE APP. >> THE CEO OF AURA, HE SAYS 220 00:26:48,039 --> 00:26:57,415 THEIR SOFTWARE CAN REROUTE SCAM CALLS AWAY FROM GRANDPARENT. >> IF THE PARENT IS GETTING A CALL AND WE'RE IDENTIFYING USING 221 00:26:57,482 --> 00:27:05,190 AI THAT THE CALL IS A POTENTIAL SCAM CALL, THEN WE CAN ROUTE THAT CALL TO ME. >> THIS STOP THE STOP THE CALL 222 00:27:05,256 --> 00:27:21,906 FROM GETTING IN? >> IT DOES. >> HE CASE AI IS ALSO USED TO MONITOR FINANCES AND ALERT USERS 223 00:27:21,973 --> 00:27:29,347 OF PROBLEMS IN REALTIME. >> IF I SEE A CHARGE FOR MY MOM FOR $10 AT STARBUCKS THAT FEELS OKAY. 224 00:27:29,414 --> 00:27:37,722 BUT IF THERE'S A $500 FROM STARBUCKS, SOMETHING IS OFF KILT PER. SO WE TRY TO FIGURE OUT WITH AI 225 00:27:37,789 --> 00:27:44,262 CONTEXTUALLY WHAT'S DIFFERENT. BUT IF SOMETHING'S OFF PATTERN, WE NEED TO LOOK AT THAT. >> SAN DIEGO DEPUTY DISTRICT 226 00:27:44,329 --> 00:27:51,669 ATTORNEY SCOTT PERIL LOW SAYS MORE HELP IS NEEDED FROM LAW ENFORCEMENT AND THE BANKING AND RETAIL INDUSTRIES TO PROTECT 227 00:27:51,736 --> 00:27:57,409 SENIORS. THE FBI REPORTS OVER THE PAST TWO YEARS THE LOSSES FROM DIGITAL THEFT HAVE DOUBLED. 228 00:27:57,475 --> 00:28:03,748 >> TRENDS AND DATA ARE HORRIFYING. WE HAVE THE SENIOR POPULATION IS GROWING EXPONENTIALLY EVERY 229 00:28:03,815 --> 00:28:11,523 YEAR. WE HAVE THIS DYNAMIC OF 81 REPORTING AND THEN WE HAVE THE TECHNOLOGY COMING. 230 00:28:11,589 --> 00:28:17,362 PEOPLE ARE CONVINCED THAT AI IS PLAYING A PART IN MAYBE PRETENDING ITS THE GRANDCHILD'S VOICE. 231 00:28:17,429 --> 00:28:23,902 WE'RE ALL JUST NEXT ON THE CONVEYER BELT AND WE ALL NEED TO DO A BETTER JOB. 232 00:28:28,540 --> 00:28:48,293 >>> HERE WHAT IT SOUNDS LIKE TO BE TARGETED BY A GRANDPARENTS SCAM. >>> JEFF KOONS IS ONE OF THE 233 00:28:48,359 --> 00:28:53,164 MOST PROMINENT AND POLARIZING ART STARS IN THE WORLD, PERHAPS YOU'VE SEEN ONE OF HIS GIANT BALLOON DOG SCULPTURES OR THE 234 00:28:53,231 --> 00:29:01,506 STAINLESS STEEL INFLATABLE RABBIT HE MADE THAT RESOLVE FOR $91 MILLION A FEW YEARS AGO. THE HIGHEST PRICE EVER PAID AT 235 00:29:01,573 --> 00:29:07,378 AUCTION FOR A WORK BY A LIVING ART. I BOUGHT A MUCH LESS EXPENSIVE WORK OF HIS AT A CHARITY AUCTION 236 00:29:07,445 --> 00:29:15,887 ABOUT TEN YEARS AGO. HIS CREATIONS MAY LOOK SIMPLE BUT THEY CAN TAKE DECADES TO MAKE. 237 00:29:15,954 --> 00:29:20,725 OFTEN PUSH THE BOUNDARIES OF TECHNOLOGY AND SOMETIMES TASTE. CRITICS MAY SCOFF AT TIME BUT THAT'S NOTHING NEW. 238 00:29:20,792 --> 00:29:26,264 JEFF KOONS HAS BEEN CONTROVERSIAL SINCE HE FIRST STARTED SHOWING HIS ART MORE THAN 40 YEARS AGO. 239 00:29:26,331 --> 00:29:32,237 YOU'LL FIND THE LARGEST COLLECTION IN JEFF KOONS' WORK AT THE BROAD MUSEUM IN LOS ANGELES. 240 00:29:32,303 --> 00:29:39,544 VISITING IT IS LIKE SHOW UP AT A STRANGE CHILDREN'S PARTY LONG AFTER THE KIDS HAVE GONE TO BED. THERE'S A GIANT PAINTING OF A 241 00:29:39,611 --> 00:29:50,755 PARTY HAT, A PORCELAIN MICHAEL JACKSON AND HIS CHIMP BUBBLES. A KIND OF POP CULTURE PIETA, THE HULK EVEN MAKES AN APPEARANCE. 242 00:29:50,822 --> 00:30:02,767 THE STAR TRACTION, A TEN-FOOT TALL STAINLESS STEEL BALLOON DOG SCULPTURE. HE SHOWED IT TO US AFTER HOURS. 243 00:30:02,834 --> 00:30:08,039 WE HAD TO MAKE MACHINES TO MAKE THIS WORK. ARE BALLOON DOG WEIGHS A TON AND TOOK JEFF KOONS SIX YEARS TO 244 00:30:08,106 --> 00:30:13,244 MAKE. >> I STARTED WITH A BALLOON. I BLEW IT UP, I TWISTED A BALLOON DOG. 245 00:30:13,311 --> 00:30:17,982 >> DID YOU KNOW HOW TO MAKE A BALLOON DOG? >> NO, I JUST GOT A LITTLE BOOK. I SAW HOW YOU DO IT. 246 00:30:18,049 --> 00:30:21,653 SO I TWISTED IT UP, I PROBABLY MADE ABOUT 50 OF THEM. I MADE A MOLD OF IT AND THAN WAS USED TO MAKE THE STAINLESS STEEL 247 00:30:21,719 --> 00:30:30,929 PIECES. ORIGINALLY, WHEN I MADE THIS PIECE I THOUGHT I COULD MAKE IT FOR $300,000. 248 00:30:30,995 --> 00:30:35,667 WHICH STILL THAT'S A LOT OF MONEY, BUT IT ENDED UP JUST TO CREATE THE PIECE ENDED UP COSTING ME 1.6. 249 00:30:35,733 --> 00:30:44,776 >> WOW. >> THAT IS MORE THAN WHAT I SOLD THE WORK FOR. >> THAT'S CLASSIC KOONS, HE'S 250 00:30:44,842 --> 00:30:49,814 FAMOUS FOR GOING OVERBUDGET AND HIS OBSESSIVE ATTENTION TO DETAIL IS LEGENDARY. HE SPENT 20 YEARS FIGURING OUT 251 00:30:49,881 --> 00:30:56,921 HOW TO TURN THIS MASS OF ALUMINUM INTO A TEN-FOOT TALL PILE OF PLAY-DOH. TO GET THESE BASKETBALLS TO 252 00:30:56,988 --> 00:31:08,499 APPEAR SUSPENDED IN AIR HE ENLISTED THE HEM OF A NOBEL PRIZE WINNING PHYSICIST. AND HE USED MORE THAN 60,000 253 00:31:08,566 --> 00:31:14,839 LIVING FLOWERS TO CREATE THIS. 40 FOOT SCULPTURE OF A PUPPY. AND CAN OFTEN TAKES FAMOUS CHARACTERS AND ART TICKS MAKING 254 00:31:14,906 --> 00:31:26,851 THEM LARGER AND SHINIER. HE ELEVATES EVERY DAY THINGS, MAKING THEM LARGER, SHINIER OR SURREAL VERSIONS OF THEMSELVES. 255 00:31:26,918 --> 00:31:32,457 >> LIKE THAT RABBIT RESOLVE FOR A FEW YEARS AGO FOR $91 MILLION. HE MADE FOUR THAT LOOK AT FIRST LIKE THEY'RE JUST PLASTIC 256 00:31:32,523 --> 00:31:40,431 INFLATABLES BUT THEY'RE HIGHLY POLISHED STAINLESS STEEL AND WEIGH ABOUT 150 POUNDS. >> IT'S ICONIC, BECAUSE IT CAN 257 00:31:40,498 --> 00:31:46,070 REPRESENT SO MANY DIFFERENT THINGS, I CAN THINK OF EASTER. I CAN THINK OF A POLITICIAN WITH A KIND OF MICROPHONE. 258 00:31:46,137 --> 00:32:00,018 SOMEBODY MAKING PROCLAMATIONS. BUT I THINK THE MOST IMPORTANT THINGS TO ME, IT'S REASON IT'S REFLECTIVE, REFLECTING YOU, 259 00:32:00,084 --> 00:32:07,258 REFLECTING ME, THE VIEWER FINISHES A WORK OF ART. IT'S ABOUT YOUR FEELINGS YOUR EXPERIENCES. 260 00:32:07,325 --> 00:32:12,497 IT'S ABOUT YOUR POTENTIAL. >> MAYBE YOU'RE THINKING JEFF KOONS SOUNDS LIKE A PHONY SELF-HELP PROPHET. 261 00:32:12,563 --> 00:32:18,036 PLENTY OF CRITICS DO BUT HE DOES SEE ART AS SOMETHING THAT CAN HELP PEOPLE HAVE A PERSONAL TRANSFORMATION. 262 00:32:18,102 --> 00:32:25,076 >> ART CAN BE ANYTHING, I MEAN, IT REALLY CAN BE. MY PERSONAL EXPERIENCE OF ART IS THAT YOU DON'T HAVE TO BRING 263 00:32:25,143 --> 00:32:33,785 ANYTHING TO IT OTHER THAN YOURSELF. >> SO, YOUR MESSAGE TO PEOPLE IS YOU DON'T NEED TO HAVE A THESIS 264 00:32:33,851 --> 00:32:40,591 IN ART HISTORY TO INTERACT WITH ART AND WHAT YOU FEEL FROM IT IS VALID. >> IT'S AS VALID AS ANYBODY ELSE 265 00:32:40,658 --> 00:32:47,665 COULD EXPERIENCE. >> WHY BALLOON DOGS? WHY GAZING BALLS? AN INFLATABLE RABBIT? 266 00:32:47,732 --> 00:32:55,506 >> MEMORIES. YOU KNOW, AROUND EASTER TIME, I WOULD SEE A LOT OF INFLATABLE RABBITS IN THE YARDS. 267 00:32:55,573 --> 00:33:01,279 I WOULD SEE GAZING BALLS IN PEOPLE'S YARDS, IN THEIR GARDENS. OUR NEIGHBORS WHO DO THAT, I 268 00:33:01,346 --> 00:33:08,186 MEAN, HOW GENEROUS THEY ARE FOR US THAT WE'RE JUST DRIVING BY OR WALKING BY AND WE CAN LOOK. AND WE CAN HAVE A LITTLE AWE AND 269 00:33:08,252 --> 00:33:19,664 WONDERMENT JUST FOR THAT SECOND. TO ME, THEY'RE SYMBOLS OF CULTURAL HISTORY. >> KOONS GREW UP OUTSIDE YORK, 270 00:33:19,731 --> 00:33:23,901 PENNSYLVANIA, IN A RURAL COMMUNITY, WHERE YOU CAN STILL FIND GAZING BALLS IN PEOPLE'S YARDS. 271 00:33:23,968 --> 00:33:31,609 HE HAS EIGHT CHILDREN, SIX WITH HIS SECOND WIFE JUSTINE, TO WHOM HE'S BEEN MARRIED FOR 21 YEARS THEY STILL LIVE PART TIME IN 272 00:33:31,676 --> 00:33:40,551 PENNSYLVANIA, IN KOONS' GRANDPARENTS' HOUSE, PART OF AN 800-ACRE FARM WHERE THEY RAISE HORSES AND COWS. 273 00:33:40,618 --> 00:33:45,623 >> I THINK MOST PEOPLE DON'T ENVISION THIS IS THE LIFE YOU HAVE AS A WORLD FAMOUS ARTIST. >> WELL, I'M VERY INVOLVED IN MY 274 00:33:45,690 --> 00:33:55,566 WORK. BUT ON THE WEEKENDS AND SUPPERS AND HOLIDAYS THIS IS A REALLY IMPORTANT PART OF MY LIFE. 275 00:33:55,633 --> 00:34:00,571 >> KOONS HAS BEEN DRAWING AND PAINTS SINCE CHILDHOOD. IN 1974, WHILE STUDYING ART IN COLLEGE, HIS MOTHER HELPED HIM 276 00:34:00,638 --> 00:34:07,745 MEET ONE OF HIS FAVORITE SEWER REALIST PAINTS. >> MY MOTHER CALLED ME AND SAID I JUST SAW A MAGAZINE THAT 277 00:34:07,812 --> 00:34:16,621 SALVADOR DALI SPENDS HALF HIS YEARS IN NEW YORK CITY AT THE ST. REGIS HOTEL. AND I THOUGHT, MAYBE I'LL CALL 278 00:34:16,687 --> 00:34:25,530 HIM. >> YOU THOUGHT YOU'D CALL HIM? I CALLED THE ST. REGIS AND I ASKED FOR SALVADOR DALI'S ROOM 279 00:34:25,596 --> 00:34:32,603 AND THEY PUT ME THROUGH. I WAS QUITE NERVOUS AND SIGH TOLD HIM I WAS A FAN AND WOULD ENJOY VERY MUCH TO MEET HIM. 280 00:34:32,670 --> 00:34:39,610 HE SAID CAN YOU COME TO NEW YORK THIS WEEKEND ON SATURDAY. I SAID YES. HE SAID BE IN THE LOBBY AT 281 00:34:39,677 --> 00:34:48,619 12:00, AND I'LL MEET YOU THEN. AND HE WAS SPECTACULAR. IT WOULD NEVER HAVE OCCURRED TO ME JUST CALL SALVADOR DALI. 282 00:34:48,686 --> 00:34:55,426 >> I HAD NOTHING TO LOSE. >> KOONS AND DALI SPENT THE AFTERNOON TOGETHER, AND AT THE END, HE ASKED THE WORLD-RENOWNED 283 00:34:55,493 --> 00:35:03,201 ARTIST TO POSE FOR THIS PICTURE. >> I REMEMBER, HE PUT HIS MUSTACHE UP AND HE WAS TELLING ME, YOU KNOW, KID, HURRY UP, I 284 00:35:03,267 --> 00:35:12,910 CAN'T HOLD THIS POSE ALL DAY. BUT I LEFT NEW YORK THAT EVENING FEELING LIKE I COULD DO THIS. >> AFTER FINISHING SCHOOL, HE 285 00:35:12,977 --> 00:35:21,586 HITCHHIKED TO NEW YORK AND STARTED MAKING ART IN HIS LOWER EAST SIDE APARTMENT BUYING CHEAP PLASTIC INFLATABLES. 286 00:35:21,652 --> 00:35:30,661 PUTTING THEM ON MIRRORS. HE HAD GRAND-AM BISHSS BUT NEEDED CASH. >> SO EVENTUALLY, I BECAME 287 00:35:30,728 --> 00:35:35,933 LICENSED AND REGISTERED TO SELL COMMODITIES AND MUTUAL FUNDS SO THAT'S WHAT I STARTED TO DO TO MAKE MORE MONEY TO MAKE THE 288 00:35:36,000 --> 00:35:43,641 WORKS. >> THAT'S NOT A CAREER MOVE THAT A LOT OF ARTISTS MAKE. >> I DID IT ONLY THAT I COULD 289 00:35:43,708 --> 00:35:50,581 MAKE MY VACUUM CLEANER PIECES. >> THE VACUUM CLEANERS HE'S TALKING ABOUT WERE FIRST GOT HIM NOTICED IN 1980. 290 00:35:50,648 --> 00:36:01,425 HE BOUGHT ABOUT 20 BRAND-NEW VACUUMS DISPLAYED THEM IN CASES WITH FLUORESCENT LIGHTS IT WAS PART OF A SERIES CALL THE NEW. 291 00:36:01,492 --> 00:36:07,632 >> I WAS SHOWING THEM FOR THEIR NEWNESS. THIS WAS A BRAND-NEW OBJECT. IT WAS NEVER USED. 292 00:36:07,698 --> 00:36:15,172 YOU CAN SEE THAT IT'S CLEAN. IT'S PRISTINE, ITS LUNGS ARE PURE. >> AND SENSUAL ASPECTS? 293 00:36:15,239 --> 00:36:20,811 >> SENSUAL, I MEAN, YOU HAVE THE HANDLE, AND YOU HAVE THE BAG RIGHT THERE. AND IT COULD BE LOOK THE AT AS 294 00:36:20,878 --> 00:36:29,120 MASCULINE AND YOU COULD LOOK AT IT AND OH, THE BAG IS THE WOMB. >> ART DEFINITELY IS IN THE EYE OF THE BEHOLDER. 295 00:36:29,186 --> 00:36:35,893 >> WHAT DID YOU THINK OF JEFF KOONS AS AN ARTIST AND FIRST SORT OF CAME ON THE SCENE. >> I WAS INTERESTED IN HIM AND I 296 00:36:35,960 --> 00:36:40,631 WAS ALSO KIND OF REPULSED BY HIM. >> ROBERT ST. ORRR, FORMER DEAN AT THE YALE SCHOOL OF ART WAS A 297 00:36:40,698 --> 00:36:49,340 CURATOR AT MUSEUM OF MODERN ART IN NEW YORK. >> I THINK SOME OF WORK IS REALLY UNPLEASANT BUT IT DOESN'T 298 00:36:49,407 --> 00:37:00,251 MEAN IT'S NOT SERIOUS. >> WHAT'S UNPLEASANT ABOUT IT? >> THE IMAGERY IS VULGAR, VULGAR MEANS MANY THINGS. 299 00:37:00,318 --> 00:37:09,727 >> SO IT'S TAKING AN OBJECT WHICH THE NEW YORK ELITES MIGHT LOOK AT AND THINK OH, THAT'S TACKY. 300 00:37:09,794 --> 00:37:19,337 THAT'S TRASHY, SOMETHING YOU BUY IN A GIFT SHOP AND BLOWING IT UP AND MAKING IT PERFECT AND SAYING THAT THIS HAS VALUE? 301 00:37:19,403 --> 00:37:22,506 IT HAS MEANING. >> AND IT'S VALUE. >> WHAT IS THE MESSAGE OF THAT? >> THE MESSAGE IS THAT IT'S 302 00:37:22,573 --> 00:37:28,813 THERE TO BE EMBRACED THAT IT'S NOT TO BE MOCKED. THAT ONE SHOULD NOT BE SMUGLY SURE OF ONE'S OWN TASTE TO THE 303 00:37:28,879 --> 00:37:33,250 POINT OF IT DENYING THE POSSIBILITY OF OTHER TASTES. >> AND IS HE BEING HONEST ABOUT THAT. 304 00:37:33,317 --> 00:37:43,794 >> I THINK HE'S TOTALLY HONEST. I THINK THAT HE HAS MADE ALL OF THAT FAIR GAME IN A WAY THAT WE HAVE NOT SEEN SINCE WARHOL. 305 00:37:43,861 --> 00:37:51,235 >> LIKE ANDY WARHOL, JEFF KOONS HAS A FACTORY OF SORTS WITH AN ASSEMBLY LINE OF PAINTS METICULOUSLY FOLLOWING HIS 306 00:37:51,302 --> 00:37:58,743 INSTRUCTIONS, AND DOZENS OF DIGITAL ASSISTANTS, SCULPTURES AND CRAFTSMEN ALL OVER THE WORLD HELPING MAKE HIS COMPLEX PIECES 307 00:37:58,809 --> 00:38:06,684 WHICH ARE OFTEN INSPIRED BY VERY SIMPLE THINGS. THIS IS A VERY MODERN GRANDMOTHER'S CLOSET. 308 00:38:06,751 --> 00:38:12,289 TURNS OUT KOONS WAS FASCINATED BY HIS GRANDPARENTS' PORCELAIN FIGURINES AS A CHILD AND HAS COLLECTED HUNDREDS OF THEM. 309 00:38:12,356 --> 00:38:17,962 >> WHERE DID YOU FIND THIS? >> I FOUND IT ONLINE. >> HE DECIDED TO MAKE THIS $150 BALLERINA INTO A 310 00:38:18,029 --> 00:38:27,304 MULTIMILLION-DOLLAR EIGHT-FOOT TALL MARBLE SCULPTURE BUT IT WOUND UP TAKING HIM 12 YEARS. FIRST HE USED A C.A.T. SCAN 311 00:38:27,371 --> 00:38:32,209 MACHINE TO DIGITAL MAP EVERY DETAIL OF THE FIGURINE INSIDE AND OUT. THEN IT TOOK HIM FIVE YEARS AND 312 00:38:32,276 --> 00:38:48,893 THE HELP OF M.I.T. SCIENTISTS TO BEGIN TRANSLATING ALL OF THOSE DETAILS INTO CONSTRUCTIONS. CARVING TOOK ANOTHER SEVEN 313 00:38:48,959 --> 00:38:53,531 YEARS. >> WE WENT WITH KOONS TO A WORKSHOP IN PENNSYLVANIA TO CHECK ON THE PROGRESS AND FOUND 314 00:38:53,597 --> 00:38:58,369 AYAMI AOYAMA AND HER TEAM CAREFULLY POLISHING THE BALLERINA BY HAND. >> DO YOU HAVE SENSE OF HOW MANY 315 00:38:58,436 --> 00:39:10,815 HOURS OF WORK IS DONE ON A PIECE? >> 33,000 HOURS. >> FOR JUST THE HANDWORK. 316 00:39:10,881 --> 00:39:20,958 >> IT MUST BE EXHAUSTING. >> YEAH. >> THAT LOOKS LIKE A DENTAL TOOL? 317 00:39:21,025 --> 00:39:28,199 >> YEAH, THAT'S ALL IN POLISHER, YOU KNOW, THE LADIES ACTUALLY USE. >> IS IT REALLY? 318 00:39:28,265 --> 00:39:33,003 >> YEAH. >> YOU'LL NOTICE JEFF KOONS ISN'T DOING THE SCULPTING OR PAINTING HE COMES UP WITH THE 319 00:39:33,070 --> 00:39:39,043 IDEAS AND SETS THE STANDARDS BUT HIS ARTISANS DO THE LABOR WHICH HAS LED TO CRITICISM INCLUDING OUR OWN MORLEY SAFER. 320 00:39:39,110 --> 00:39:48,452 >> 30 YEARS AGO MORLEY DID A STORY CRITIQUING TEMPORARY ART AND LIKED KOONS TO A P.T. BARNUM SELLING TO SUCKERS. 321 00:39:48,519 --> 00:39:53,557 >> HE DOESN'T ACTUALLY PAINT OR SCULPT. HE COMMISSIONS CRAFTSMEN TO DO THAT AND HE GOES SHOPPING FOR 322 00:39:53,624 --> 00:40:00,965 BASKETBALLS OR VACUUM CLEANERS. >> IS IT A LEGITIMATE CRITICISM? >> IT'S A LEGITIMATE CRITICISM IF YOU LOOK AT ART IN A WAY THAT 323 00:40:01,031 --> 00:40:12,943 YOU'RE KIND OF WANT EVERYTHING TO BE DONE BY THE ARTIST THEMSELVES. IT BECOMES LIMITED WHAT YOU CAN 324 00:40:13,010 --> 00:40:18,415 DO WITHIN ONE LIFE IF YOU ARE BEING RESPONSIBLE FOR EVERYTHING. IT'S LIKE THE PRODUCTION OF THIS 325 00:40:18,482 --> 00:40:25,756 PROGRAM RIGHT NOW. ANDERSON, IF YOU HAD TO BE PHONE THE LIGHTING AND FOR THE EDITING. 326 00:40:25,823 --> 00:40:29,326 >> IF I WAS RESPONSIBLE FOR THE LIGHTING, YOU WOULDN'T SEE YOU OR MYSELF. >> BUT IF YOU HAD TO BE 327 00:40:29,393 --> 00:40:39,370 RESPONSIBLE FOR EVERYTHING, HOW MANY PROGRAMS WOULD BE YOU BE ABLE TO CREATE? I'VE DESIGNED, WORKED ON THE 328 00:40:39,436 --> 00:40:43,340 SYSTEMS, SO THAT THE WHOLE PROCESS, AT THE END OF THE DAY, IT'S AS IF EVERY MARK WAS MADE BY MYSELF. 329 00:40:43,407 --> 00:40:51,749 >> AT 68, KOONS HAS REACHED A LEVEL OF COMMERCIAL SUCCESS FEW ARTISTS EVER IMAGINE. HE'S HELPED DESIGN CARS FOR BMW, 330 00:40:51,816 --> 00:41:00,958 AN ALBUM COVER FOR LADY GAGA, EVEN A SUPERYACHT. AND LATER THIS YEAR, HE HOPES TO CREATE A PERMANENT ART EXHIBIT 331 00:41:01,025 --> 00:41:11,669 ON THE MOON. HE'S MADE 125 SMALL STAINLESS STEEL MOON SCULPTURES AND LANDS THEM. 332 00:41:11,735 --> 00:41:15,739 >> IS THERE SOMETHING ABOUT THE ATMOSPHERE ON THE MOON THAT WOULD AFFECT THE LIFESPAN OF A WORK? 333 00:41:15,806 --> 00:41:24,181 >> YES, ALMOST EVERYTHING. YOU HAVE THE TREMENDOUS RADIATION, YOU HAVE THE TEMPERATURE CHANGE, AT LEAST 250 334 00:41:24,248 --> 00:41:36,026 DEGREES DIFFERENCE FROM NIGHT TO DAY. ONE OF THE MOST INHOSPITABLE ENVIRONMENTS THAT YOU ACCOUNT 335 00:41:36,093 --> 00:41:40,431 IMAGINE FOR A WORK OF ART. >> THE MOON SCULPTURES ARE FOR SALE, OF COURSE, EYE ALONG WITH A NFT, A NONFUNGIBLE TOKEN WHICH 336 00:41:40,497 --> 00:41:46,570 SERVES AS DIGITAL PROOF THAT YOUR WART WORK IS ACTUALLY UP THERE. YOU'LL ALSO GET ONE OF THESE 337 00:41:46,637 --> 00:41:52,443 LARGER MOONS TO SHOW OFF HERE ON EARTH HE WON'T SAY HOW MUCH IT WILL COST YOU BUT WITH JEFF KOONS, IT'S A SAFE BET THE PRICE 338 00:41:52,509 --> 00:41:55,813 TAG WILL BE OUT OF THIS WORLD. 339 00:42:05,589 --> 00:42:11,662 >>> NOW, THE LAST MINUTE OF "60 MINUTES." >>> THANK YOU FOR WATCHING OUR 55th SEASON OF "60 MINUTES." 340 00:42:11,729 --> 00:42:18,335 WE'VE BEEN ON SOME AMAZING ADVENTURES THIS YEAR, AND "60 MINUTES" HAS INTERVIEWED SOME FASCINATING CHARACTERS AMONG 341 00:42:18,402 --> 00:42:23,540 THEM PRESIDENTS AND PRINCES, PRIME MINISTERS AND CONTROVERSIAL MEMBERS OF CONGRESS. 342 00:42:23,607 --> 00:42:30,915 WE LEARNED A BIT ABOUT THE NATURE OF OUR PETS AND TRIED NEVER TO BE PREDICTABLE. WE'VE VIEWED NATURE'S AWES AND 343 00:42:30,981 --> 00:42:37,154 WAR'S ATROCITIES. ALONG THE WAY, WE'VE BEEN ENTERTAINED BY SOME MUSICIANS AND PERFORMERS. 344 00:42:37,221 --> 00:42:44,461 WE'VE EXPLORED EVIDENCE OF MIRACLES AT PILGRIMAGE SITES AND EVIDENCE OF DESPERATION AT OUR BORDERS. 345 00:42:44,528 --> 00:42:52,303 AND WE'VE INTRODUCED A NEW CORRESPONDENT WHO HAS PLUNGED RIGHT IN. THANKS FOR COMING ALONG WITH US. 346 00:42:52,369 --> 00:43:00,044 I'M BILL WHITAKER, WE'LL BE BACK NEXT WEEK FOR A SUMMER OF CLASSIC AND UPDATED STORIES WHILE WE BEGIN REPORTING AND 347 00:43:00,110 --> 00:43:02,546 SHOOTING FOR THIS FALL. OUR 56th SEASON OF "60 MINUTES."