Bankrupt gasoline distributor's ex-president says the company was swindled

May 20, 2009 Full story: www.kansascity.com 132

A fuel distributor whose financial difficulties led to problems at several area gas stations was a victim of a swindle that pushed it into bankruptcy, according to a lawsuit.The company, Crescent Fuels Inc., had annual sales of just under $1 billion and was one of the top distributors for ConocoPhillips and Shell Oil.

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poor bastage

Las Vegas, NV

#1 May 20, 2009
"Now the former president and majority owner of Crescent, Phillip Near, has sued in U.S. District Court in Kansas, alleging that the financial difficulties were caused by a Texas company that looted Crescent Fuels. One result: Near has lost the company and his life savings, while those who did the looting are now driving around Kansas in a luxury Bentley automobile, according to the lawsuit."

Wonder if it says in the lawsuit that Near, who lost his life savings just 3 weeks or so ago went and bought a new gray cadallac escalade to replace the white one he lost when cresent escorted him to the door?

I sure feel sorry for him.
poor bastage

Las Vegas, NV

#2 May 20, 2009
What kind of automobile did his girlfriend wreck in Kansas City that he had the insurance listed in his (ex) wife's name and the insurance called his wife (ex now) and wanted to talk to her about the wreck, and she said "what wreck?? what car??" Was it a Bentley? Escalade? beeeemerrrrr?

I sure feel sorry for him.
oh snap

Independence, KS

#3 May 20, 2009
I wondered when this was going to make it here.
Confucious

Wichita, KS

#4 May 20, 2009
poor bastage wrote:
What kind of automobile did his girlfriend wreck in Kansas City that he had the insurance listed in his (ex) wife's name and the insurance called his wife (ex now) and wanted to talk to her about the wreck, and she said "what wreck?? what car??" Was it a Bentley? Escalade? beeeemerrrrr?
I sure feel sorry for him.
I wonder why people like to confess the sins of others never taking a good look at their own? I wonder why one fails to see the log in their own eye while pointing out the splinter in someone elses???
Almighty Homeboy

Rocky Hill, CT

#5 May 20, 2009
Confucious wrote:
<quoted text>I wonder why people like to confess the sins of others never taking a good look at their own? I wonder why one fails to see the log in their own eye while pointing out the splinter in someone elses???
The word is mightier than the sword! Well put!!
Scipio

United States

#6 May 20, 2009
You guys just now discovering this. It was in the KC star last week. The guy made a poor choice and got screwed by some crooks...as it would appear to me. Now he seeks recourse and the local yocals will make fun. I strongly suggest you all take up reading as a habit; of reputable newspapers, then question and look more. I sure wouldn't hold much stock in the muck raking on these threads.
oh snap

Independence, KS

#7 May 20, 2009
Confucious wrote:
<quoted text>I wonder why people like to confess the sins of others never taking a good look at their own? I wonder why one fails to see the log in their own eye while pointing out the splinter in someone elses???
well the dumb ass did just go buy a new escalade when he's claiming he's broke, what do you expect? And if its a fact about the wreck, then its fair game right? This poor pitiful me bullshit may play for some, just not for most.
Hi lee ejicated Redneck

Coffeyville, KS

#8 May 20, 2009
Scipio wrote:
You guys just now discovering this. It was in the KC star last week. The guy made a poor choice and got screwed by some crooks...as it would appear to me. Now he seeks recourse and the local yocals will make fun. I strongly suggest you all take up reading as a habit; of reputable newspapers, then question and look more. I sure wouldn't hold much stock in the muck raking on these threads.
Maybe you ought to take a reading course.. These "local yocals" have been talking about this for more than a week on here.. On at least TWO different threads.. This is the 3rd thread. I strongly suggest you look into your "facts".

Some support him, some don't.

But, thank you for your superiority.

Keeps us humble
msbarney

Roswell, NM

#9 May 20, 2009
The old adage of what goes around comes around. And yes we are going to see it in our life time. It's not fun for him to be screwed. But when the shoe was on the other foot it was sure fun for him.
Almighty Homeboy

Rocky Hill, CT

#10 May 20, 2009
oh snap wrote:
<quoted text>well the dumb ass did just go buy a new escalade when he's claiming he's broke, what do you expect? And if its a fact about the wreck, then its fair game right? This poor pitiful me bullshit may play for some, just not for most.
I haven't heard Phil Near say poor pitful me, he's not out crying on anyones shoulder. Your immature name calling is idiotic. If you want to see a dumb ass look in the mirror. The fact is Near is just going thru the proper proceedure in dealing with his problem, not crying about it.
Almighty Homeboy

Rocky Hill, CT

#11 May 20, 2009
Hi lee ejicated Redneck wrote:
<quoted text>
Maybe you ought to take a reading course.. These "local yocals" have been talking about this for more than a week on here.. On at least TWO different threads.. This is the 3rd thread. I strongly suggest you look into your "facts".
Some support him, some don't.
But, thank you for your superiority.
Keeps us humble
Your modesty is very becoming.
Confucious

Wichita, KS

#12 May 20, 2009
oh snap wrote:
<quoted text>well the dumb ass did just go buy a new escalade when he's claiming he's broke, what do you expect? And if its a fact about the wreck, then its fair game right? This poor pitiful me bullshit may play for some, just not for most.
Who cares, what he bought? Pity for you, is what I have, Im sure Mr. Near will do fine. Better dig that log from your eye before it becomes infected though.
Almighty Homeboy

Rocky Hill, CT

#13 May 20, 2009
oh snap wrote:
<quoted text>well the dumb ass did just go buy a new escalade when he's claiming he's broke, what do you expect? And if its a fact about the wreck, then its fair game right? This poor pitiful me bullshit may play for some, just not for most.
Well you got what you wanted, Phil Near is no longer selling fuel in Independence, and yo can bet when he starts a new company, Independence will not get any tax revenue, or jobs from him. You can make up for the lost money with the savings your getting by the price of gas being so cheap now. It is going down now that Phil is gone isn't it?
Paul Revered

United States

#14 May 21, 2009
Scipio wrote:
You guys just now discovering this. It was in the KC star last week. The guy made a poor choice and got screwed by some crooks...as it would appear to me. Now he seeks recourse and the local yocals will make fun. I strongly suggest you all take up reading as a habit; of reputable newspapers, then question and look more. I sure wouldn't hold much stock in the muck raking on these threads.
I'd love to read this so called reputable newspaper but they no longer deliver daily to our area. And i don't like to read it online.
Tired of Rude People

United States

#15 May 21, 2009
Almighty Homeboy wrote:
<quoted text>Well you got what you wanted, Phil Near is no longer selling fuel in Independence, and yo can bet when he starts a new company, Independence will not get any tax revenue, or jobs from him. You can make up for the lost money with the savings your getting by the price of gas being so cheap now. It is going down now that Phil is gone isn't it?
Why would he not do business in Independence? Was Titan Global connected to SEK? Didn't he have a number of loyal longterm employees, as well as a board of directors that stood by and supported him as long as possible? Seems to me overall our community was pretty good to Phil Near.
Z Webb

Coffeyville, KS

#16 May 21, 2009
Almighty, tell him to call me, I'm not hard to find.

Seriously.

Soon.
Almighty Homeboy

Rocky Hill, CT

#17 May 21, 2009
Z Webb wrote:
Almighty, tell him to call me, I'm not hard to find.
Seriously.
Soon.
I can make that happen, Im sure he would enjoy the visit.
Almighty Homeboy

Rocky Hill, CT

#18 May 21, 2009
Tired of Rude People wrote:
<quoted text>Why would he not do business in Independence? Was Titan Global connected to SEK? Didn't he have a number of loyal longterm employees, as well as a board of directors that stood by and supported him as long as possible? Seems to me overall our community was pretty good to Phil Near.
I think, the tax revenue that was generated by Crescent Oil was pretty good for the community as well. Your statement the "OVERALL OUR COMMUNITY WAS PRETTY GO TO PHIL NEAR" is inacurate. Yes, some in independence have been good to him, and I'm sure he is greatful to them for their friendship. Most of the people who really know Phil, like him. INDY has made it a hobby of making cruel and unjustified accusations about Phil. Blaming the price of gas for the whole city and most of the region, has been unjust and inaccurate. The mob like mentality of ganging up on Phil and blaming him for being successful, and then rejoycing in his failure is boarderline cruel and unfair. Your abosession with what kind of car he drives and who or what he is doing only shows your own lack of ability to live a life of your own. I know Phil has been contemplating his future going forward, and I wouldn't blame him for taking his show elsewhere, he will make more Millions$$, but there will be no soup for you!, The tax dollars and low paying jobs will go to someone else.(we have already established these jobs no matter what they pay are better than nothing.)
Paul Revered

United States

#19 May 21, 2009
Z Webb wrote:
Almighty, tell him to call me, I'm not hard to find.
Seriously.
Soon.
And if you hook up, I'll come by and visit like I did in the mid-80's. Guess who?
sasey

Atlanta, GA

#20 May 21, 2009
Almighty Homeboy wrote:
<quoted text>I think, the tax revenue that was generated by Crescent Oil was pretty good for the community as well. Your statement the "OVERALL OUR COMMUNITY WAS PRETTY GO TO PHIL NEAR" is inacurate. Yes, some in independence have been good to him, and I'm sure he is greatful to them for their friendship. Most of the people who really know Phil, like him. INDY has made it a hobby of making cruel and unjustified accusations about Phil. Blaming the price of gas for the whole city and most of the region, has been unjust and inaccurate. The mob like mentality of ganging up on Phil and blaming him for being successful, and then rejoycing in his failure is boarderline cruel and unfair. Your abosession with what kind of car he drives and who or what he is doing only shows your own lack of ability to live a life of your own. I know Phil has been contemplating his future going forward, and I wouldn't blame him for taking his show elsewhere, he will make more Millions$$, but there will be no soup for you!, The tax dollars and low paying jobs will go to someone else.(we have already established these jobs no matter what they pay are better than nothing.)
Indy will still get the tax dollars just like when phill was there. Sales tax and property tax don't change.

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