He is notable for being one of the youngest members elected to the Illinois House of Representatives in its history and for his role in a fraudulent scam involving Investors Overseas Service.
[8] After leaving the Illinois House, he entered the industry full-time, first at King-Stevenson Oil Company in Chicago and later forming King Resources in Denver, Colorado.
[9] In 1966, King began to sell two hedge funds, Imperial American and Royal Resources, through his Colorado Corporation.
[9] By 1969, the company had 7 million barrels of crude oil and 258 billion cubic feet of natural gas in American and Canadian developed reserves.
[10] King was named in a tongue-in-cheek Cervi's Journal article, nominating him as a 1971 Denver Man Of The Year for "his originality and ground-breaking efforts in showing how the wealthy can cut their cost of living.
"[11] In 1976, King and Boucher were charged after an attempt to defraud 150,000 shareholders of IOS with fraudulent valuations of Arctic oil and gas permits.
King suggested the idea of the Nixon administration diverting money directly to congressional candidates, rather than going through the usual political channels.