FOR IMMEDIATE RELEASE
Dec 1 2005
Contact: Mike Seitz; David Cosgrove, (573) 526-0949; (573) 751-4136
Carnahan Issues Cease and Desist Order Against Krystal Energy Corporation
Krystal Energy is a company that offered clean, renewable, homegrown energy through a referral-based marketing approach. The company claimed to use investor proceeds to build wind turbines. The wind turbines were to generate clean power through wind energy. However, no wind turbines were ever built and the investors never received their principle or interest.
The securities offered by the company as well as the representatives from the company were unregistered in the State of Missouri. The order alleges that the company also failed to disclose to investors that Helming was the subject of a Kansas Consent Order dated June 10, 2002. The Kansas Consent Order prohibited Helming from selling unregistered securities and engaging in business as a broker-dealer or agent without registration.
"It is important for investors to verify company representatives as well as the investment products that they offer by calling our toll-free investor hotline before they agree to do business with the company," said Carnahan.
For more information regarding investments and fraud protection, or for information regarding a company or representative, visit the Secretary of State's web site at www.sos.mo.gov/securities or call the toll free investor hotline at 1-800-721-7996.