Admiral Oil Company
The man behind Admiral Oil Company ended up on an island – a federal penitentiary in Puget Sound, Washington.
Admiral Oil was one of many sham companies created by Gilbert S. Johnson, who was indicted October 5, 1922, in Los Angeles.
A grand jury determined that Johnson “did devise and intend to devise, a certain scheme and artifice to defraud and to obtain money and property, by means of false and fraudulent pretenses, representations and promises.” (more…)
