Thursday
March 22
TSG Capital, acting through its Mananging General Partner, Valentino Trubiani, solicted $15,000 from our Company, Windsar Energy Group, LLC, which they cliamed was to be used solely to prepare a Private Placement Memorandum (PPM) for our refinery rebuilding project by their legal team which still has not been identified.
TSG Cpaital also failed to supply references to us as requested numerous times.
We stressed in December that we had a short window of opporunity to purchase a inactive refinery in Mt. Belvieu, Texas and build a new upgraded plant to process 25,000 bpd facility wich would cost about $65,000, 000.
Valentino Trubiani mantained that they could prepare the PPM and offer it to thier investor pool which he cliamed had seen the Windstar Executive Summary we sent to TSG Capital and were very interested in possibly funding our project.
We realize early on that Mr. Trubiani was acting erratic and advised him several times if they could not prepare the PPM in short order, to send back the $15,000 deposit. Mr. Trubiani responded that the funds had already been sent to the attorneys and a refund was not going to happen.
After almost three months with numerous data sent to a Susan Craft working for and with TSG Capital, TSG Capital failed to send down any draft or working documents with numpurs e-mails advisng time was running out. They ignored about 95% of our e-mails we send and are impossible to get a hold of via telephone.
We had mail returned from their address in Washingon, DC as undeliverable, and two attempst to enter the building were stopped by security staff for the owners. We were frustrated by our attemps to validate their physical presence in the building. The security guards refuse to cooperate in this process.
We have had now to resort to file a formal criminal complaint with the FBI in Washngton because we feel that they are others who have the same problem. TSg Capital seems to fit the descritpion of a criminal enterprise by their actions to avoid accountability. We can find no one to date who has ever completed a transaction with TSG Capital.
It is almost impossible to get in contact with these people except by e-mail, and they do not answer most of the time.
My recommendation is to avoid TSG Capital. Their web site is www.tsgcapital.net. They never delived any our PPM to us nor have they met any of the timetables they claimed they would meet. Never.
Frank
Conyers, Georgia
U.S.A.
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