Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1931
Oklahoma fraud charges against Courtney C. Julian
Julian was charged with conspiring to defraud investors of $3.5 million. He jumped bail and fled to Shanghai.
1930
Killing of Motley H. Flint
Frank D. Keaton shot financier Motley H. Flint in a courtroom and said he blamed Flint for a $35,000 loss in Julian Petroleum stock.
1929
Bribery prosecution of Asa Keyes
Asa Keyes was accused of accepting approximately $100,000 in bribes connected with the treatment of Julian Petroleum officials. He was convicted and imprisoned before receiving a pardon.
1928
Usury and financial-pool proceedings
Financial pools involving roughly 400 prominent local businessmen provided short-term, high-interest loans to Julian Petroleum. Some participants faced usury charges, although the cases ended in dismissals or acquittals.
1927
Unauthorized share issuance and investor collapse
An audit found approximately 4.2 million unauthorized shares. Trading was suspended, and the resulting collapse reportedly affected about 40,000 investors and involved losses exceeding $150 million.