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07/01/2016 Paul H. Doughty, former president and owner of First State Bank Altus OK, convicted on 10 counts of bank fraud and conspiracy. View Court Summary.
More on Paul Doughty's prior history below View
News articles collected revealing the early stages of Paul Doughty's history.
The federal government allowed Paul Doughty to have a bank with his history and then protected Doughty while he and F. Don Anderson operated frauds in two states.
Paul Doughty returned to the family bank, First State Bank Altus OK, where he worked for his father. Paul Doughty soon took over as president and assumed control during his father's failing health, circa the early 2000s.
Along the way, Doughty was alleged in several frauds and scams, but his father always had the money to break the other party in civil court. In one case, Sil-Flo, Doughty, and Rod Fancher (Vulcan Oil) were convicted by a civil jury. Doughty money kept the case in appeals until one party was deceased. Sil-Flo tried with no success to have the trial moved to Texas, where the fraud occurred.
Paul Doughty 1980s
|Considering later events revealed what was occurring at the bank at this point, the drowning can't be summarily dismissed as mere coincidence.|
|09/16/1981||Ayres City Banker On Alaska Trip Drowns||View|
|10/18/1981||Pool President of ONB - Doughty Promoted started||View|
|1982 Failure Oklahoma National Bank, Oklahoma City OK|
|9/14/1982||Vulcan - Judge Denies Plea For Receiver||View|
|10/4/1982||First National Purchases ONB||View|
|10/6/1982||Ailing Vulcan Owes ONB *||View|
|10/7/1982||FDIC Asked First National Bank to Buy Ailing ONB||View|
|1/4/1983||Dax Files Bankruptcy||View|
|6/25/1983||Criminal Allegations Made Against Oklahoma National Bank *
|Walking away from securities fraud|
|9/7/1983||Oilmen OK Violations Injunction *
|1988 Sil-Flo case - jury convicted Paul Doughty and Rod Fancher|
|1988||1985 - 1988 Civil jury conviction for Paul Doughty and Rod Fancher.||View|
|Missing FBI/DOJ, FDIC... bank investigations? All involving Paul Doughty|
|2009 First State Bank Altus OK|
|2009 Vectra Bank Steamboat Springs CO|