• Report: #624486

Complaint Review: Cameron Cravey

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  • Submitted: Sun, July 18, 2010
  • Updated: Wed, October 10, 2012

  • Reported By: Had Enough — Internet United States of America
Cameron Cravey
Mabank Texas Mabank, Texas United States of America

Cameron Cravey Eastex Development Defrauded hundreds of investors for millions of dollars Mabank, Texas

*Author of original report: I rest my case

*UPDATE EX-employee responds: Couch Potato Critics - Please Read

*Author of original report: Mrs CC, you are off base

*UPDATE Employee: DeColores

*Author of original report: Mrs Cravey

*UPDATE Employee: Rail Road Commission

*UPDATE Employee: The Wife is FURIOUS!

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Stay away from anything associated with Cameron Cravey, or any of his hundreds of shell corporations.


Cameron is one of "the worst" oil field promotors, and he is so bad that the locals know him as the biggest thief in town.


His game is to con out of state and out of country investors into his oil wells and oil leases he proportedly owns in Texas.


He doesn't one ONE oil lease in Texas. The state of Texas Railroad Commission (the regulating body for the state) has Mr. Cravey on their black list, and his in not allowed to own or be associated with anything having to do with the oilfield in the state of Texas. So, Mr. Cravey hids behind his wife and kids and family members to purchase oil leases. The problem with that is, that the State of Texas still has him banned, and he has been successful in staying one step ahead of the State regulators.


His game is to buy the leases, from the legitimate owner, and then split the lease into much smaller "subleases" and then sell each of those smaller subleases to unsuspecting out of state investors for outrageous prices.


For one example, Mr. Cravey purchased one lease for $120k (using investor money, telling them he already had the lease), and then split up that lease into 6 subleases, and then sold each of the subleases for $335k each.. So, he bought a lease for $120k and sold that same lease for over $1.8 Million to unsupecting out of state investors.


Then on each of those six subleases, he does the work to rehabilitate the lease himself (in a very shotty manner) and then charges the unsuspecting investors 10X the going rate for quality work would have been.


Then, of course, the oil wells never make as much oil as they are supposed to, so he then has to do "more work".. thereby charging the investors again outrageously high prices to do shotty work.


Then, when the investors finally catch on to his game, he has bilked them of hundreds of thousands of dollars, of which he uses every slimey lawyer in Dallas to fight against the investors legitimate lawsuits.


But, Mr. Cravey has millions of dollars of judgments against him already, because the judges see through his game.


The problem is that he immediately takes his "profits" as he calls them and sends them to his offshore bank under the names of his children, which are never mentioned in the lawsuits, therefore the money is "gone."


He is a thief with no conscience, and one day justice will come to him. 


This report was posted on Ripoff Report on 07/18/2010 02:57 PM and is a permanent record located here: http://www.ripoffreport.com/r/Cameron-Cravey/Mabank-Texas-/Cameron-Cravey-Eastex-Development-Defrauded-hundreds-of-investors-for-millions-of-dollars-624486. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
3Author 4Consumer 0Employee/Owner
Updates & Rebuttals

#1 Author of original report

I rest my case

AUTHOR: Had Enough - (United States of America)

http://www.themonitor.net/Archive/01-22-12/frontpage.htm

Notice the timeline of Ms. Cravey's last response to me...

I think that answers the question that I brought up in one of my earlier reports about Kim being a crook as well..

As the title states...

I REST MY CASE!!!!

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#2 UPDATE EX-employee responds

Couch Potato Critics - Please Read

AUTHOR: KCravey - (United States of America)

Mr. anonymous/ had enough...do you really have nothing better to do besides hide behind your computer and your anonymous name and speculate about my husband??  Seriously, your allegations are ridiculous.   Conspiracy theories about Cam... where is he, what is he doing....  It is obviously driving you over the edge.    I'll tell you where he is - HE is out in the field doing hard manual labor and coming home late at night filthy dirty, sweaty and oily.  While you sit on your couch and criticize every move he hasnt made or that he didnt do to your satisfaction and then even inventing moves he hasn't done.    Wow, just wow!
  As far as "games" and "web sites" - Cam can barely turn a computer on.   You give him much more credit than he deserves in the computer arena.    Whatever web site says what, rest assured he didn't write it or even look at it - which might explain why his name is not on it.    Insurance fraud??  Seriously.... do you just flip through legal charges and say, "hey that sounds like a good one!"   And now you drag me into it?  I am a thief???  Oh please tell me who I stole from Mr. anonymous, please sit on your couch some more and tell me more rumours about my family while YOU hide behind a fake name and make fake allegations, slandering my husband.    If only everyone could be as perfect as you.
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#3 Author of original report

Mrs CC, you are off base

AUTHOR: Had Enough - (United States of America)

Kim,

If you think I'm Matt B, you are mistaken. Matt is but one source of information about Cameron. Not the only source, and not really the best source either. I'm telling you, there are dozens and dozens of people who have Camerons game figured out.

You have however brought up some good biblical quotes.. and one that you can sum up into one word is Karma.. you reap what you sow in Galatians (as you know).

Your husband, is probably starting to feel a little bit of Karma, and there is more Karma coming.. rest assured.

What's up with him hiding in Paradigm Oil, why is he hiding behind these shell company promoters with big titles? Why is he incorrectly inflating the production numbers of his supposed existing leases? And, not by a little bit, but by several orders of magnitude.. That's Fraud Kim.. and it's right there, right on his paradigmoilinc.com website.. in black and white for the world to see.

He is fraudulenty stating production numbers and reserves numbers (which are material misrepresenations of the investment)that he has absolutely no verifiable data to support, and he is doing so to fraudulently induce unsuspecting investors tobuy stockin his now public company, that is getting pushed hard by these shell company promoters..And, he is purposefully not listed as an officer in the company.. But, as anyone with half a brain can figure out.. 123 EMarket Street in Mabank.. Come on!!

He should also fire the people who built the website.. These promoters charged him big money for the shell, and they are taking a big risk w Cameron and his history, and putting their names up, and that says a lot about themselves as well. But, in addition to that, the website is filled with typo's, poor grammar, and is really, really, REALLY pushing the investors return on investment.. Which any investor that has half a brain can figure out, the only people that are going to get ANY return on investment, are the shell company promoters and Cameron.. That's if the authorities don't catch up with them first.. and the authorities are already "hot on the trail"

The only people worse than oil lease promoters are penny stock promoters that push shell companies. And, shell companies that are lying (and they know it)on their reserves and production estimates are the worst penny stock company's to "invest" in..

That's just wrong..

And, as they say, Karma's a B****

Karma is coming to the Cravey household.. you can count on it!!

To repeat.. He is a thief with no conscience, and one day justice will come to him!

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#4 UPDATE Employee

DeColores

AUTHOR: KCravey - (United States of America)

Hello Matthew....  Why hide behind a fictitious name?    The last time I spoke to you, you had tears in your eyes and told me you would take a bullet for my husband.

Then, your girlfriend kicks you out, you steal my credit card and booze it up for weeks in a hotel room.   Cameron refused to press charges against you.    Even when everyone told him you were drunk in the bars spreading your "conspiracy theories"  about him.

Now, YEARS later, you STILL have nothing better to do with your time than to go after the only person that helped you for years?  Seriously? 

I guess I should feel honored that you think my husband is so important that you feel the need to spend years of your life talking about him.

You and I both know there are no offshore accounts in the kids names with money in them.   You were there when Cam spent months trying to get the RRC to prevent the plugging of those wells. 

There are no "conspiracy theories" going on.  Cam is not out to get anyone.   And he would probably still forgive you if you ever came to talk to him.   You and I both know that he would. 

 Surely you must profit from this somehow?  

Matthew, remember who you were at one time.    The devil is the accuser of the brethren and he doesn't need your help.   Remember, that as you judge others, so shall you be judged, and behold, the Judge is standing at the door.

  Spreading false testimony against your brother is a big no-no.    Cam may be a horrible terrible very bad person (aka human with faults just like you) - but you, brother, are committing slander - which is murder in the spirit.   God will not be mocked, you will reap what you sow.  That is a spiritual law just like gravity is a physical law - what goes up must come down.     You slander and criticize, you will reap a harvest of the same in your direction.  Is this really how you want to spend your life?

DeColores






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#5 Author of original report

Mrs Cravey

AUTHOR: Had Enough - (United States of America)

Aaahhh... Kim...

You really want names, account numbers, and specifics??

I'll give you a little taste, and believe me, I have more, lots more, and lot's juicier too!

Sheila Weigand at the RRC Legal Dept. Just mention Camerons name, and then "be quiet" as she will talk your ear off for 30 minutes or more about your husbands dealings, and run-ins with the RRC. She will use  the words "black listed" and "banned".

Also, you may not want to be talking about all of these leases you think Cameron owns, it might not look good in your CH13 BK that you are going through, or trying to go through. As soon as the receiver sees fraud, you won't get BK protection, and oh, there's fraud, and a whole lot of it.

Also, if Cameron is on the up and up w the RRC, and it was a fluke thing, then why doesn't he have his own bond and his own P4s? Why does he hide behind the bond holders as a straw lease holder? Why doesn't he just pay the fine, and clear his name with them? Also, what name are the leases held in? His? You and I both know that's not the case. Why does he have so many different companies, and TRUSTS, and partnerships, if he's on the up and up? That doesn't make sense, maybe it's because he's banned, and he has to hide or, maybe it's because he likes to shuffle money around between his entities, and take a "profit" at each shuffle, both is most likely.

Also, why was he part of Aragon, and why were they pushing oil wells in Texas a few months ago, and now they are pushing gold? How come Cameron was mentioned on their website, and they were based in Europe, and now. Cameron has nothing to do with them? That's interesting don't you think?

If he has so much family in North Texas, then that's even worse, considering all of the money that he owes to those folks.

You might not know your hubby's business dealings as well as you think you do. Either that, or you, as some of the "locals" tell me, you're just as crooked.

You should know about at least a few of the investors lawyers that are hot on Cameron's trail.

You should also know about the insurance fraud investigation that the FBI is involved with.

The RICO case that is coming against him.

Oh.. so you don't know about those??? or do you.

It'd be a shame that I know more about your husband than you do.

 

 

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#6 UPDATE Employee

Rail Road Commission

AUTHOR: KCravey - (United States of America)

Had to go check on the Rail Road Commission allegations that Mr. Anonymous speaks of.  Seriously, where do you get your information?   Black list???   Banned?   Its like you are just spreading rumors with not even a fraction of truth to any of it.

It is a matter of public record - anyone can check on it themselves.   The Railroad commission charged Cam with not plugging some wells that were "snuck in" on a lease he had bought.   The wells had been ordered to be plugged two years before he even got the lease.  

  The wells were located across the street from the lease and not even on the lease he had purchased.    He had to get the rail road guys out to  show him where the wells were because no one could find them.

Once they realized where the wells were, (not even on the same property or even on the same ROAD....),   Cam sent his geologist out to check on it and the report came back the wells were still viable.   Cam had to go through a million hoops to keep from plugging the wells.

And where do you get he spent 120k on a lease and all this other stuff you mentioned???



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#7 UPDATE Employee

The Wife is FURIOUS!

AUTHOR: KCravey - (United States of America)

Had enough says:     "The problem is that he immediately takes his "profits" as he calls them and sends them to his offshore bank under the names of his children, which are never mentioned in the lawsuits, therefore the money is "gone.""

Ok SERIOUSLY?  Then I am really mad!  I am his wife of 18 years and I had NO IDEA he had offshore bank accounts in the name of his children!   I thought I had heard it all and that is a new one!  Please contact me asap with those bank account numbers!

All the locals think he is a thief?    Seriously?   65% of the locals are his cousins the other 35% he grew up with or they changed his diapers.  

Where do you get all this stuff???

and He doesn't own ANY leases?  Then why am I getting allllll these tax statements at our house for all these properties???  If they aren't his - why are we paying the taxes on them?????

He hides behind his wife and his kids????   So says the person hiding behind an anonymous name....




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