RECEIVERSHIP


At the commencement of the SEC lawsuit, the Court entered an Order appointing Becky McGee to act as the Receiver.  Additionally, an Order freezing the assets of the Defendants was entered.  The Receiver is engaged in an undertaking to marshal all of the assets of the Receivership, preserve and protect all assets and documents, and meet critical business operations in order to enhance and preserve the value of the Receivership Estate.  This will take some time.  A report on the first impressions and findings of the Receiver, along with the potential for any claims process, will be filed with the Court and published on or about April 30, 2016.  This report will be posted to the website.

Contact us

How to Submit a claim


Claims must be completed and returned no later than AUGUST 31, 2016.


Return the Claim Form to:

          Becky McGee, Receiver

          c/o Milo Segner, Claims Manager

          1412 Main Street

          Suite 2400

          Dallas, Texas 75202


 

SEC LAWSUIT


On January 21, 2016, the United States Securities and Exchange Commission (“SEC”) filed a Complaint against Sedona Oil & Gas Corporation and Kenneth W. Crumbley, Jr. (“Defendants”).  The Complaint alleges that Defendants violated federal securities laws by participating in fraudulent schemes involving the offer and sale of securities. 

OFFICIAL WEBSITE OF THE RECEIVER
FOR SEDONA OIL & GAS CORPORATION
and KENNETH W. CRUMBLEY, JR.

Updates


February 25, 2016

Based on the information available to the Receiver, K-1s and 1099s for 2015 have not been prepared and, therefore, 2015 K-1s and 1099s will not be provided timely.


June 24, 2016
The Court has approved the claims process for investors and creditors of Sedona Oil & Gas Corporation.  The Claim Form is posted to this website.

The completed Claim Form must be returned no later than AUGUST 31, 2016.  

After the Receiver has compiled all of the Claim Forms submitted, the Receiver will submit a proposed plan of distribution to the Court.  There is no assurance there will be sufficient assets to repay the submitted claims.


August 16, 2016

New documents have been posted under Additional Case Pleadings.


August 31, 2016
New documents have been posted under Additional Case Pleadings.


September 20, 2016

A hearing has been scheduled for Monday, September 26, 2016, at 3:00 pm. Please see the Additional Case Pleadings section for the official notice.


September 29, 2016

New documents have been posted under Additional Case Pleadings.


November 2, 2016
New documents have been posted under Additional Case Pleadings.


November 17, 2016

New documents have been posted under Additional Case Pleadings.


December 20, 2016

New documents have been posted under Additional Case Pleadings.


January 30, 2017

The Receiver's Fourth Quarterly Report has been posted under Additional Case Pleadings.


February 21, 2017

New documents have been posted under Additional Case Pleadings.


March 22, 2017

On March 22, 2017, the Receiver filed her Motion to approve the sale of certain oil and gas assets.  These assets are generally described as the Holder and Double Diamond Leases and Wells in Dawson County, Texas.  The proposed purchase price is greater than the estimated range of value likely to be received at auction, and was the highest offer received that contained acceptable terms and conditions.  The Motion seeks authority to sell these assets free and clear of all claims except for any properly recorded liens, royalty and working interests.  A copy of the Motion may be obtained through an on-line record request at the United States District Court for the Northern District of Texas website (txnd.uscourts.gov) or upon email request to the Receiver (receiver@sedonaoil.com). 


May 1, 2017

The Receiver's Fifth Quarterly Report has been posted under Additional Case Pleadings.


May 15, 2017
New documents have been posted under Additional Case Pleadings.


July 31, 2017

The Receiver's Sixth Quarterly Report has been posted under Additional Case Pleadings.


August 31, 2017

New documents have been posted under Additional Case Pleadings.


November 1, 2017

The Receiver's Seventh Quarterly Report has been posted under Additional Case Pleadings.


November 28, 2017
The Receiver's Seventh Quarterly Fee Application has been posted under Additional Case Pleadings.


January 31, 2018

The Receiver's Eighth Quarterly Report has been posted under Additional Case Pleadings.


April 5, 2018

New documents have been posted under Additional Case Pleadings.


April 9, 2018

The Motion to Approve Plan of Distribution and Exhibit 1 have been posted under Additional Case Pleadings.


April 23, 2018

The Notice of a Hearing has been posted under Additional Case Pleadings.


April 30, 2018

The Receiver's Ninth Quarterly Report, Exhibits, and Fee Application have been posted under Additional Case Pleadings.


May 30, 2018

The Amended Claims Register has been uploaded to the website.


July 9, 2018

The Court's Order approving the distribution of funds and terminating the receivership has been posted under Additional Case Pleadings.


Please continue to monitor this website for further information and updates.