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Giant swindle rocks coast in Julian Pete collapse
Los Angeles June 9 One of the decade’s largest swindles unfolds around Julian Petroleum Co a 30 million corporation also linked to A C Wagg Co and the California Eastern Oil Co now in receivers hands Promoters from New York and Texas pumped the firm’s value and drew in lenders with false margins and usurious rates. banks face charges as investigations continue into the vast scheme involving stock pools and interlinked companies.
MENTIONED IN THIS ARTICLE
Los Angeles
Julian Petroleum Co
Julian Pete
A. C.,wagg & Co
California Eastern Oil Co
New York City
Texas
S. C. Lewis
Dallas
Jacob Berman
Jack Bennett
New York East
C. C. Julian
Julian
Lewis
Jacob
Louie
Wagg and Company
Los Angeles Stock Exchange
Owis
Lewis and Company
Stock Exchange
E. C. Lickley
Asa Keyes