Imperial Valley press., 1927-06-28
LIST OF ACCUSED
in OIL SCANDAL
STILL GRO WING
More Los Angeles Men
Named in Indictments
BY Grand Jury.


Los ANGELES, June 2s.--With
the addition of seven more names
to the list of those who face prose-
cution in connection with the crash
Of the Julian Petroleum Corpora
ton, preliminary plans were being
made today for the prosecution OF
more than 40 well-known bankers
and financiers, for asserted partici-
patton in the greatest financial fl
asco in the history of the Pacific
Coast.
In addition to the names revealed
yesterday, Harold l.. Davis, chief
deputy district attorney, announced
that the following men had been
included in the list: A. Swanson,
assistant secretary Of the Julian
Petroleum Corporation, in charge
Of the New York office; s. F.
Cruett, president of Hollywood
loan company; s. Goodman, d. Ru,
bin, A. B. Marcus and H. l.. Zuck-
erman and Joseph Lipkey, brokers'
Swanson, charged with conspir'
acy to violate the State Corporate
Securities act and to obtain money
under false pretense, is being
sought in the east. The others are
alleged to have participated in Jul
Ian pools, through which $1S,OO0,-
900 was alleged to have been ex-
tracted from the oil company.
Meanwhile a pretentious array OF
legal talent was being assembled
TODAY by those under indictment
after statements had been issued by
many of the most prominent men
on the list, denying their guilt.
Separate. Trials
Five separate trials will be con-
Quoted, District Attorney Asa
Keyes announced. In the first
group viii be included officials OF
The defunct oil company; the see
ond will include Charles r. Stern
and John f. Barber, bankers, ac-
cused of embezzlement and viola
ton of the bankers bonus law, while
three others will include those
charged with conspiracy to violate
the usury act. The last three trials
will be held in separate eourtrooms,
the defendants being divided into
groups as represented by the three
Julian pools.
Davis said today that the list of
100 alleged to have extracted usuri-
Gus interest, who could not be in
dicted for conspiracy by the grand
jury will be turned over to City
Prosecutor E. j. Lickley today with
the recommendation that he begin
prosecution through the municipal
courts.
Licklev will be asked, however,
not to issue usury complaints at
this time against any of the men
now under indictment. This plan
will be followed in view of the
fact that if any of the indicted de-
PENDANTS are tried by Lickley for
misdemeanor they will be able to
avoid prosecution on the more seri'
Gus felony charges, it is feared.
Heavy Bonds Demanded
IN tnlS connection Tue uou'E u ="
scheduled by DIR. Lickley against
Harry NJ. Haldeman and Jacob
Farbstein probably will be held up
as both men have been indicted by
the grand jury for conspiracy tc
violate the usury law.
Seven OF those indicted yester
day, who failed to furnish bond
appeared before Superior Judge Al
bert Lee Stephens today and made
bond Of $4,000 each. The seven
all charged with conspiracy to VIC
late the usury law included: P. E
Harris, capitalist; R. f. Moody
broker; E. M. Haeckel broker; A
w. Haeckel, broker, B. Plat, mer
chant, D. Rubin, capitalist, and W
I. Hollinsgworth, capitalist.