Paul Doughty's History

Like the 3,200 other pages of evidence uncovered and descriptions of crimes on this site, this web page is only one part of a massive multi-state entanglement of government corruption and cover-up. See size

Evidence was uncovered in parts over years, and not in the same order as the crimes occurred or the evidence was created. Statements were made based on what was known at the time.

Dates are approximate because government filings and reports vary in some cases up to months if not This is part of cover up. One example is Oklahoma's Openbooks, which started out late with only a fraction of what was required to be added each year. Plus, the data was littered with data entry and spelling errors, meaning you have to go through one entry at a time. This amount to more than 17,000 entries in 2017.

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 * Paul Doughty was Exec VP at Oklahoma National Bank Eighteen instances of alleged criminal wrongdoing at Oklahoma National Bank Oklahoma Securities Commission investigation Texas business accusing bankers Paul Doughty and Rod Fancher, Vulcan Oil would some years later be convicted by a jury in Sil-Flo case, above. Was this part of what some said was Paul Doughty's father's cost to keep the family's name clean and ensure his son could run the bank?	View
Walking away from securities fraud
9/7/1983	Oilmen OK Violations Injunction * Walked away from securities fraud by agreeing not to operate fraud again. Rumors Paul Doughty's father's spent a huge amount of money on keeping his son's name clean?	View

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