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.