Welcome to the website established by the Court appointed Receiver Kelly Crawford. Mr. Crawford was appointed the Receiver by the United States District Court for the District of Delaware (the “Receivership Court”) in a lawsuit brought by the Commodity Futures Trading Commission against Defendants First State Depository Company, LLC, Argent Asset Group, LLC, and Robert Leroy Higgins, in Case No. 22-1266. The purpose of this website is to provide information regarding the receivership to persons or entities who did business with the Defendants.
Please be advised that if you choose to have your holdings shipped to you via federal express, the limit of liability of federal express is $1,000 per box. Depositors are responsible for obtaining their own insurance for the shipments. If you choose to have your holdings shipped via federal express you need to provide the Receiver with a valid federal express account number to charge. If you do not have an account number with federal express, the Receiver can use his account number, but will send you an invoice for the shipping cost plus a $50 – $200 handling fee that must be paid before shipment.
For all transfers to customers, each customer will be required to pay a handling fee between $50 and $200 depending upon the size of the transfer.
Once you have submitted your claim to the Receiver, the Receiver’s team will assign the claim a number, review the claim and divide the claims between those in the uncompromised category (those in which holdings are not missing) and those in the compromised category (holdings are missing). The Receiver’s team will review claims in the uncompromised category first. The Receiver will provide those in the uncompromised category with a claim confirmation form that informs each claimant of the surcharge that must be paid to the Receiver within 20 days. The claim confirmation form will also request each claimant to provide delivery instructions for the metals, currency, or other valuables. The Receiver’s team will then review claims in the compromised category and provide those claimants with a claim confirmation form that identifies the claim amount equal to the value of the metals, currency, or other valuables missing, and request delivery instructions for the metals, currency, or other valuables remaining at the depository.
DO NOT COME TO 100 TODDS LANE IN WILMINGTON TO PICK UP YOUR METALS UNTIL: 1) YOU HAVE RECEIVED A CLAIM CONFIRMATION FORM FROM THE RECEIVER AND RETURNED THE FORM TO THE RECEIVER WITH PAYMENT OF A SURCHARGE, IF ANY; AND 2) YOU HAVE MADE AN APPOINTMENT WITH THE RECEIVER’S STAFF. IF YOU DO NOT HAVE AN APPOINTMENT, YOU WILL NOT BE GIVEN ACCESS TO THE DEPOSITORY TO PICK UP YOUR HOLDINGS.
Kelly Crawford is an attorney in Dallas, Texas. He has served as the receiver or counsel to the receiver in more than 15 cases brought by the Commodity Futures Trading Commission, the Securities and Exchange Commission, or the Federal Trade Commission during the past 20 years. He has been appointed the receiver by federal courts in each of the four districts of Texas, as well as by the federal court for the Southern District of New York. He is a founder of the National Association of Federal Equity Receivers.
The Receiver Kelly Crawford may be contacted by telephone at 214-420-4293 or email using the link below. When contacting Mr. Crawford, if he is not available please leave a message and either Mr. Crawford or one of his attorneys will respond to your message.