Stay updated with breaking news from Frank Flint. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Take L.A. oilman C.C. Julian, who oversold oil stock and left people destitute and dead. Or Simon Homburg, who flipped sheer mountain lots to unwitting out-of-towners.
Take L.A. oilman C.C. Julian, who oversold oil stock and left people destitute and dead. Or Simon Homburg, who flipped sheer mountain lots to unwitting out-of-towners.
Booster optimism, unregulated stock speculation, a culture of civic corruption, the power of new advertising media and the cunning of stock promoters fed the Julian Pete swindle — a scandal that defrauded tens of thousands of investors of over $150 million.