Complaint Review: King - Anderson-Drake - Dallas Texas
- King - Anderson-Drake 16775 Dallas, Texas U.S.A.
- Category: Oil Companies
King - Anderson-Drake Telephone Oil Well Artists taking the elderly Dallas Texas
*Author of original report: Correction of address for King - Anderson-Drake - They also go by the name of King Operating Corporation and James R. Young is the president.
They continued to call and asking for more money or he was out of the deal. Now he was getting married and decided he needed to trust them as they assured him he would be making $2,000 to $3,000 a month. He invested in all $130,000. Everything he had and more.
He started to get checks of about $300 a month and now it is less then $100. There is always a financial statement. Everyone is being paid but the investors. There were suppose to be three wells but of course with the oil prices at an all-time high, he gets next to nothing. So far my husband has received about $5400 for his investment of $130,000.
The man who called him was a Tony Duncan. When my husband refused to pay anything more and became concerned over his investment, Tony Duncan no longer worked for the company. I am sure he is probably still there as he made a lot of mony for them off my husband but he probably has a different name.
We have someone looking into this matter but have found out on our own there is not much hope. Oil Companies in Texas have to go through a registry that's all. They only keep track of the names not what they are doing to people. It seems a lot of scam artists live in Texas.
My husband is 79 and I am 65. We will never see our retirement.
Don't let this happen to you. If you have to invest, do it wisely, patiently, and never over a phone.
Earl Park, Indiana
This report was posted on Ripoff Report on 03/15/2006 10:01 PM and is a permanent record located here: https://www.ripoffreport.com/reports/king-anderson-drake/dallas-texas/king-anderson-drake-telephone-oil-well-artists-taking-the-elderly-dallas-texas-181474. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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