That was a letdown for investors who bought stock in the ill-fated Earth Biofuels after hearing about the company from former celebrity backers Morgan Freeman, Willie Nelson and onetime cheerleader Julia Roberts. (See "Willie Nelson And Star Dust").

FORBES: Magazine Article

The flashy University of Oklahoma grad once talked Morgan Freeman, Willy Nelson and Julia Roberts to endorse his debt-laden biofuels company despite a record of financial failure.

FORBES: Sleeping Cops At SEC Give Bio Willie Operator A Pass

Earth Biofuels, the Dallas green-energy firm he founded with the help of A-listers like Willie Nelson, Morgan Freeman and Julia Roberts, has been hit with an involuntary bankruptcy petition in Delaware.

FORBES: Magazine Article