Salt Lake Telegram | 1923-04-20 | Page 1 | 92 Named in Oil Swindle Indictments

NAMED IN OIL SWINDLE 1 INDiCTMENTS Doc Doe Cook Former Arctic Arctic Arctic Arc Arc- tic Explorer and Prominent Prominent nent Texas Politician Named i in Presentments h FORT W WORTH ciRTH RTH Tex April 20 u uBy By U U. P. P Indictments P.-Indictments Indictments charging two ninety oil promoters and nd asSOciates associates associates asso asso- with with using t the malls mails s t to de defraud defraud defraud de- de fraud were returned by a federal grand Jury here today Those named in n the indictments I Include Dr Frederick A A. Cook former former former for for- mer Arctic explorer and E. E C C. KIngsbury prominent Texas poll poll- tIcla The indictments l involved fifteen separate promotions Including some of ot the most prominent In Texas followed The grand report Jury in intensive i investigations ce ts made by Imy J department of Justice and postoffice dep department agents during which they discovered an alleged gigantic swindle Involving millions of dollars I annually and extending to all sections sections sec see of the United States Arrests of those named In the Indictments Indictments In Indictments In- In were ordered to be made immediately and United States marshals armed with warrants hurried hur hur- ried from the federal building Immediately immediately immediately im Im- im- im mediately after atter the grand Jury re report report report re- re port was returned Bonds Donds of from to were to b be asked in each case Dr Cook and a number of other promoters rs were arrested In connection with the alleged swin win dIe dle Their arrests were ordered in advance of ot the grand Jury report Among the Individual companies named in the the- indictments today were Petroleum Producers' Producers association Producers' Producers 1 Oil on company Pilgrim Oil company Hogg Creek company company J. J W. W Caruth Oil com company company Consolidated Producers and pany Refiners' Refiners company General Lee development interests Louisiana Lease syndicate cate Dorado Oil on syndicate syndicate syndi syndi- i cate Texas Texas-Mexia Drilling syndi syndi- cate ate f t I