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Crawford has many failures he doesn't mention in his bio. It should be a crime not to list those as well.
No mention of the fraud committed with CEGX of course.
http://www.crystalcapital.net/
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Check this out. Apparently Crawford was in "retirement" for the last 2 years and running a fishing camp in Coco Beach. You can't make this stuff up! Captain Tim!
Honestly, how can anyone publish such a lie, retirement, really?
https://www.stlpsi.com/projects
[Project Management : Crystal Capital Consulting
Crystal Capital Consulting founder Timothy Crawford began ramping back up in early 2020 after 2 years of retirement and running a fishing team in Cocoa Beach Florida. The onslaught of projects that hit all at once when he opened his doors back up for business begged for some project management, organization, time-lining, and a boutique database collection catered specifically to the Investment banking world.
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STL sourced the project management software, the AI Database that gleaned data from all incoming emails and contacts, as well as built templates for Capital Raises, Real Estate Development Projects and Custom projects in the PPE Medical Supply logistics domain.
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With over 30 Capital Raises being taken on in 2020, managing timelines, contracts, setting meetings, capturing meeting notes and managing technical aspects of partner meetings were areas STL served our client as an independent contractor.
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In addtion, we have taken multiple startup, early venture and seed round companies to CCC for funding and the array of other services offerered in their quiver of consulting services.[/color]
Interesting. I am sure it is to get back into the scam game. What do you think?
Crawford payed the $56,730.60 bucks to the courts.
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Ok. Good luck.
For me not yet, I need my attorney to re-file. I am watching him closely and we will once COVID loosens up.
Has a suit been filed yet?
According to the Ohio Secretary of State, articles of organization were filed for Crystal Capital Consulting in 2016 (see the link below). Tim saw the writing on the wall and knew the CEGX ship was going down in 2016. He got the ball rolling for his newest scam “capital company” while continuing CEGX charade and lying to investors. If you research the companies he’s been involved with it’s always the same end result. When one scam dries up he jumps to another. He’s a fraud.
https://businesssearch.ohiosos.gov/?=businessDetails/3929441
Very recent. My attorney is reaching out to SEC for documents and I will have him discuss.
That looks pretty recent. The SEC should be informed.
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Check this out. Guy gets SEC sanctioned and he is off doing it again. His bio doesn't mention it or his disaster.
http://www.crystalcapital.net
Expected this. Guy should be in jail. He knew what he was doing. Total loser. 5 year ban from a director? Only another loser would work with him again. I am sure he will surface as soon as possible. I will wait and watch. Also, all the documents will be available for my lawsuit. Tim won't be the only one named.
(fka CEGX): SEC Settles Charges with Former CEO of Texas Oil-And-Gas Penny Stock Company
https://www.sec.gov/litigation/litreleases/2020/lr24734.htm
On February 10, 2020, the U.S. District Court for the Southern District of Ohio entered a final judgment against Timothy Crawford, the former CEO of Cardinal Energy Group, Inc., for fraudulently concealing the loss of Cardinal's major source of revenue.
As alleged in the SEC's March 2019 complaint, Cardinal, an oil-and-gas penny stock company based in Dallas, Texas, lost control of its interest in two oil-and-gas leases in mid-2017 that accounted for nearly all of the company's revenue. Following the bad news, the complaint alleges that Cardinal and Crawford filed quarterly reports with the SEC that misrepresented to investors that the company still expected the leases to be part of its future business plans. While concealing the setback to the business, Cardinal and Crawford allegedly raised additional money from investors and misreported Crawford's stock ownership.
Without admitting or denying the allegations of the complaint, Crawford has consented to the entry of a judgment permanently enjoining him from violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Sections 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 and the beneficial ownership reporting and certification provisions of Sections 13(d)(1) and 16(a) of the Exchange Act and Rules 13a-14, 13d-1, and 16a-3 thereunder; and from aiding and abetting violations of the reporting provisions of Sections 13(a) and 14(c) of the Exchange Act and Rules 12b-20, 13a-13, and 14c-6 thereunder. Crawford has also agreed to disgorgement of $5,478, with prejudgment interest of $487, a $50,000 civil penalty, a five-year officer-and-director bar, and a permanent penny stock bar. On September 12, 2019, the Commission announced a settlement of its litigation with Cardinal. The final judgment against Crawford concludes the litigation in this matter.
The SEC's investigation was conducted by Emily Rothblatt and Scott Hlavacek of the Chicago Regional Office, and was supervised by Jeffrey Shank. The litigation was led by Jonathan Polish.
The guy is a loser. He will be back working minimum wage. Who would hire him!
Apparently the escrow of funds was just for the first installment. Unless it was dropped all together. $5,478 bucks for disgorgment??
Yep, a joke... And a bad one at that.
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What a joke. The SEC just wants to finish. Good news is I can now get the financials he, Ford, Peterson and the rest of Cardinal refused to provide. Now they have no choice. More civil suits will come and I think criminal charges soon. What is really pathetic is he needs to pay $55k back in installments! Dude's broke. Goes to show he was living off the companies money. This SEC complaint only dealt with violations. Nothing dealing with misuse and co-mingling of funds, false representation to investors, etc...
The SEC and Crawford have a deal. He got off pretty easy...
Doc 31
https://drive.google.com/file/d/1U0TYRIYdgXGpjObiv5jSFRo-4IJLplZe/view
Doc 31-1
https://drive.google.com/file/d/1Uv9a-thAckEpa8JH1alGbPkuG0YmTw5l/view
Proposed order: Doc 31-2
https://drive.google.com/file/d/1wbVgBIfrB83CZuvpeuYH1EdlqRyxA1UC/view
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Got it. I tried to get the financials from Tim and then Ford and Peterson. All said they would get my lawyer the info but then denied. Once he settles will have the info needed to file civil suits
The SEC can only sue in a civil court with fines and sanctions for penalty's. Maybe after the SEC case an AG will step up with criminal charges. Texas would be a good one.
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What a waste of time. Why 2 months? I am sure the escrowed funds is either a portion of the fine or a small amount. How can someone steal money, lie and then only need to pay a fine? Outrageous. Lets get this settled so we can see the documents. We can then at least move forward with the civil suits.
Looks like the settlement is on again. Crawford managed to escrow the funds. They have till Febuary 11th.
Status report doc 28
https://drive.google.com/file/d/1z_ZkIZ6O9Vej6ZTXyKl8AXMjhoNIImTd/view
Status report doc 28
https://drive.google.com/file/d/1h57i5eKB7xY1C6MG9m9Lzo_WZKjHYTim/view
Order:
https://drive.google.com/file/d/1lg7Q664v8IkXQUrXkbIzIieOGxQwA629/view
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Any word on judgment? I looked but didn't see anything yet.
I agree. He waits until the 11th hour every time. In my opinion, that shows his guilt. I’m interested to see what happens.
I find it interesting that Tim waits until the last minute of every extension before answering. I see this only with guilty parties trying to extend time and hoping for a miracle. Either way, tomorrow is Tim's big day of decision. Once the information goes public the frenzy begins again.
Expected as such. I agree he is buying time to try to sucker someone out of money to save his ass. I doubt he has any other life lines. The guy is a total loser.
Judge sided with Crawford and granted another extension.
https://drive.google.com/file/d/1QETSt_asUZBCgD3y-zjpzMqPvuoZkrgh/view
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I agree. It would be interesting to hear their newest BS lies.
Would love to hear from their CEO, Ford. I doubt we will ever hear from any of them unless it is in a deposition or court.
Agree. He doesn't have any money. The guy has always used proceeds from his scams. This is what happens until the money runs out. I doubt the amount is even significant. Either way, once this is settled or finalized in court Tim will get hit with massive civil suits and will lose all of them. He will pull down all the other CEGX execs as well. Their defense can't be that he was rogue. They know when Tim falls the cards fall.
I'm thinking he's trying to borrow the money. Likely not having much luck.
Tim is such a sack of trash. Delay... delay.... delay.... What proceeded does he have to put in escrow?
Two status updates... One from the SEC, the other from liar Tim Crawford.
https://drive.google.com/file/d/1Z24PUGhXQYvyR0SZbaFFwIVmna-7UOtN/view
https://drive.google.com/file/d/1TSoPkWE89wgv1VQiVNa9ORG-TN126gBI/view
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Lie after lie. We all called it. Just buying time to delay the inevitable. Not one supporter left.
Good questions. What happened to “everything is amazing” AFLAC Dan? Gary Peterson? Ford was supposed to send out an email or have a conference call with investors after financials were filed. That was a lie. Investors Ford knew claimed they were going to dump money in Cardinal after the financials were filed. That’s was another lie. I guess they will continue on with their “consulting” and never talk to anyone. Hopefully, some of them see jail time or large fines... especially moron Tim.
Such a waste of time and tax payers money. CEGX and Crawford are so guilty its a slam dunk. Even if they don't get criminally charged now, they still face more criminal charges down the road and definitely civil suites which they will lose. The number of judgments against them will be ridiculous. Whatever happened to Ford? He disappeared. At his age maybe an ALF or straight nursing home.
he could if the SEC does not oppose it, and the judge allows it.
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So he can’t extend the settlement past December 18? Correct?
Yep… Means little. What crooks like these need is 10-20 in a prison.
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What good is a settlement. Just to banning Tim. He will just find another way. Ridiculous.
Nothing yet. The SEC hoped for a settlement agrement by the end of November and the extension is ends around December 18th.
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Any news? I am waiting for Crawford to finalize whatever BS settlement he gets with SEC then will continue my civil lawsuit. Will include Ford and Petterson. As an owner I have been denied access to company financials when it has been in their possession for years. They have given the IRS and ongoing SEC investigations as their excuse. Once this isn't an excuse will be able to obtain all the final documents. Once it is in my suit it will be public record and all can see where the abuse and theft took place. This will follow these guys for the rest of their lives as far as I am concerned. I have the time and the desire to continue to make their lives miserable. They certainly deserve it.
Yep… Complete bullshit. Investors should be livid, and not only with this stock, but the many other thousands of other scams out there. These shyster conmen are everywhere and get away with it every day with very little consequence.
Folks that post the truth about these scams do more than they do...
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Amazing what a waste of time these court proceedings are. Crawford and crew steals millions and SEC does nothing but procedural paperwork.
Another extension for time...
https://drive.google.com/file/d/14EHyeQmz4TX6Krucj4YeH_V-apRPBQ6W/view
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So true. Once a scumbag always a scumbag.
The Texas Securities Board is still investigating. He's moved on to screwing other investors in the assisted living realm and now the mini storage investment world. His attorney creates a harassing environment to help this guy go down the road. MANY, MANY investors are wanting to sue him but he has so many judgements already against him that are unpaid. The civil process is a waste of time and money. The criminal system needs upgraded.
Good to hear he is out of your hair. Pisses me off he is back scamming like CEGX will and nothing happens to the loser.
Well from my end...the oil scammer who sued me to shut me up finally dropped his case against me. He finally realized that I wasn't going to budge. He is now out scamming more investors on other deals.
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Cardinal Energy Group, Inc. is an environmentally responsible independent oil and gas producer focused in north-central Texas. We are engaged in the business of acquiring, developing and operating oil and gas leases. These operations are primarily focused on properties in which we hold a leasehold interest. We may however, from time to time, offer our drilling and field development and production services to third parties. We may offer these services to other oil and gas companies on a fee basis or we may offer such services in connection with the offering of participation interests in Development Drilling Programs to accredited private investors. We are focused on growth via the development of shallow proven undeveloped reserves in or adjacent to currently producing fields, exploiting untapped â??behind the pipeâ? reserves by re-completing existing well bores in zones overlying currently producing formations and by the selected application of water flood and other secondary recovery techniques to mature but marginally producing fields throughout north-central Texas. We may enter into agreements with third party mid-sized and small independent oil and natural gas companies to drill wells and own interests in oil and natural gas properties. We also may drill and own interests without such strategic partners.
On January 5th CEGX filed an 8k giving majority control to Meyers and Traina....:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11768738
Check out their website:
http://www.meyersassociateslp.com/
On December 29, 2016, Cardinal Energy Group, Inc. (the “Company”) filed a Form 8-K in which it reported, in part, that it had 95,429,557 shares of common stock issued and outstanding. On or about December 30, 2016, the Company issued to each of Meyers Associates, L.P. (“Meyers”) and to Gregory R. Traina (“Traina”) 150,000,000 shares of its restricted common stock in connection with placement agent and other services rendered to the Company, resulting in a total issuance of 300,000,000 shares of restricted common stock.
The issuances of the above shares were exempt from the registration requirements of Section 5 of the Securities Act of 1933 (the “Act”) pursuant to Section 4(a)(2) thereto not involving a public offering. Following the issuances and as of the date of this filing, the Company has a total of 395,429,557 shares of common stock issued and outstanding.
ITEM 5.01 Changes in Control of Registrant.
The issuance of the 300,000,000 million shares of common stock described in Item 3.02 above results in Meyers and Traina, collectively acquiring voting control of the Company, holding 59.36% of the voting power of all shares of capital stock outstanding. After the issuance of the new 300,000,000 shares of common stock, the Company has 395,429,557 shares of common stock and 1,000,000 shares of Series A Preferred Stock issued and outstanding, respectively. Each share of Series A Preferred Stock has voting rights equal to 110 votes per share. As a result of the transaction, the total outstanding voting power of the Company is 505,429,557 shares, with the new 300,000,000 shares of common stock representing 59.36% of the voting power of all shares of capital stock outstanding.
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