World

Meet the Team: The Experts Driving Phoenix Capital Group’s Vision

Published

9 months ago

September 24, 2024

A popular saying in business is that behind every successful company stands a skilled and dedicated team of professionals working every day to achieve more. That’s the case at Phoenix Capital Group Holdings, LLC, where experts drive the company’s vision to new heights.

Thanks to the hard work and dedication of its exceptional team, Phoenix Capital Group consistently strives to deliver value and high-quality returns to individual landowners and investors in the oil and gas industry.

Here are a few of the experts leading the charge at Phoenix Capital Group.

Adam Ferrari, Chief Executive Officer

Adam Ferrari, the son of co-founders Daniel and Charlene Ferrari, serves as the CEO of Phoenix Capital Group. With nearly 20 years of experience in the oil and gas industry, Adam has been instrumental in leading the company and focusing on key initiatives that drive substantial growth.

Raised in a small farm town in Illinois, Adam learned the values of hard work, grit, and determination from an early age. He graduated magna cum laude from the University of Illinois at Urbana-Champaign with a degree in chemical engineering. Starting his career at BP in the Gulf of Mexico, Adam honed his engineering skills before moving through various leadership roles at the company and later transitioning to investment banking at Macquarie Capital.

Adam’s entrepreneurial spirit led him to found multiple oil and gas ventures throughout his career. Phoenix Capital Group is the culmination of his diverse experiences and his most significant project to date.

Adam is married to Brynn Ferrari, the CMO of Phoenix Capital Group. They have a young son and hope to expand their family in the future. Outside of work, Adam enjoys spending time with his family, exploring local cuisine with Brynn, and watching USC Trojans football.

Curtis Allen, Chief Financial Officer and Partner

Curtis Allen brings over 10 years of experience in financial services—with a strong emphasis on investment analysis—to his role as CFO and Partner at Phoenix Capital Group. A CPA, Curtis has a broad range of financial experience, from preparing private taxes to auditing billion-dollar defense contractors. He has managed investments for corporate and personal clients for over seven years and holds Series 7 and 66 licenses. He has also passed the CFA Level 1 exam.

At Phoenix Capital Group, Curtis oversees all finance and accounting functions, as well as various day-to-day operational tasks.

A family man, Curtis is married with two children. Outside of work, he enjoys outdoor activities such as playing beach volleyball with his wife and bicycling with his family.

Lindsey Wilson, Chief Operating Officer and Partner

Lindsey Wilson, COO and Partner, brings extensive practical experience to Phoenix Capital Group. She has led various diverse, multidisciplinary teams within the energy sector, and she prides herself on setting and achieving aggressive business goals while ensuring all employee needs are met.

A founding member of Phoenix Capital Group, Lindsey manages and oversees the company’s daily business operations. She works closely with all supervisors and department heads to support the day-to-day activities of all employees.

Lindsey began her career in the oil and gas industry in 2011 as a leasing agent in Fort Worth, Texas. This foundational experience served as a springboard, allowing her to transition into more advanced roles within the mineral and leasehold acquisition space.

Combining her practical oil and gas experience with skills gained in sales, marketing, and underwriting in the hospitality and banking sectors, Lindsey has successfully led Phoenix Capital Group’s multi-functional organization. She holds a BBA in Marketing from the University of Texas at Arlington.

Lindsey is married with a daughter. She enjoys spending time with her family and training for marathons.

The Entire Team at Phoenix Capital Group Contributes to Its Success

Adam, Curtis, and Lindsey have over 60 years of combined experience in the energy sector. They bring a diverse array of skills in software development, engineering, finance, and more to Phoenix Capital Group.

However, the company’s immense success would not be possible without the dedication, skills, and hard work of the entire team.

The large and diverse team at Phoenix Capital Group focuses on minerals, investments, operations, marketing, land, finance, technology, and more. Through their combined effort, they contribute to the company’s ongoing success and growth.

About Phoenix Capital Group

Founded in 2019, Phoenix Capital Group Holdings, LLC is a leading oil and gas mineral rights acquisition, investment firm, and operated working interest company dedicated to discovering untapped value on behalf of landowners across the United States. The family-owned company is a technology-led and client-centric focused organization dedicated to developing partnerships with its clients through property acquisitions and investment opportunities. With a team of experienced professionals with expertise in software development, engineering, and finance, Phoenix Capital Group boasts over 60 years of combined experience in the energy sector, focusing on capital deployment and asset management.

World

TRG Chairman Khaishgi and CEO Aslam implicated in $150 million fraud

Published

6 days ago

June 23, 2025

Jenny Jackson

In a scathing 52-page decision, the Sindh High Court has found that TRG Pakistan’s management was acting fraudulently and that Bermuda-based Greentree Holdings historic and prospective purchase of TRG shares were illegal, fraudulent and oppressive.

The Sindh High Court has further directed TRGP to immediately hold board elections that have been overdue and illegally withheld by the existing board since January 14, 2025.

In the landmark ruling, the Sindh High Court has blocked the attempted takeover of TRG Pakistan Limited by Greentree Holdings, declaring that the shares acquired by Greentree, nearly 30% of TRG’s stock, were unlawfully financed using TRG’s funds in violation of Section 86(2) of the Companies Act 2017.

“Having concluded that the affairs of TRGP are being conducted in an unlawful and fraudulent manner and in a manner oppressive to members such as the Petitioner (Zia Chishti), the case falls for corrective orders under sub-section (2) of section 286 of the Companies Act,” Justice Adnan Iqbal Chaudhry concluded.

The case was brought by TRGP former CEO and founder Pakistani-American technology entrepreneur Zia Chishti against TRG Pakistan, its associate TRG International and TRG International’s wholly-owned shell company Greentree Limited. In addition, the case named AKD Securities for managing Greentree’s illegal tender offer as well as various regulators requiring that they act to perform their regulatory duties.

The case centred around the dispute that shell company Greentree Limited was fraudulently using TRG Pakistan’s own funds to purchase TRG Pakistan’s shares in order to give control to Zia Chishti’s former partners Mohammed Khaishgi, Hasnain Aslam and Pinebridge Investments.

According to the case facts, the Chairman of TRG Pakistan Mohammed Khaishgi and the CEO of TRG Pakistan Hasnain Aslam masterminded the $150 million fraud. They did so together with Hong Kong based fund manager Pinebridge who has two nominees on TRG Pakistan’s board, Mr. John Leone and Mr. Patrick McGinnis.

According to the court papers, Khaishgi, Aslam, Leone, and McGinnis set up a shell company called Greentree which they secretly controlled and from which they started buying up shares of TRG Pakistan. The fraud was that Greentree was using TRG Pakistan’s funds itself. The idea was to give Khaishgi, Aslam, Leone, and McGinnis control over TRG Pakistan even though they owned less than 1% of the company, lawyers of the petitioner told the court.

This was all part of a broader battle for control over TRG Pakistan that is raging between Khaishgi, Aslam, Leone, and McGinnis on one side and TRG Pakistan founder Zia Chishti on the other side. Zia Chishti has been trying to retake control of TRG Pakistan after he was forced to resign in 2021 based on sexual misconduct allegations made by a former employee of his. This year those allegations were shown to be without basis in litigation that Chishti launched in the United Kingdom against The Telegraph newspaper which had printed the allegations. The Telegraph was forced to apologize for 13 separate articles it published about Chishti and paid him damages and legal costs.

After Chishti resigned in 2021, Khaishgi, Aslam, Leone, and McGinnis moved to take total control over TRG Pakistan and its various subsidiaries including TRG International and to block out Chishti. The Sindh High Court’s ruling today has reversed that effort, ruling the scheme fraudulent, illegal, and oppressive.

It now appears that Zia Chishti will take control of TRG Pakistan in short order when elections are called. He and his family are now the largest shareholders with over 30% interest. He is closely followed by companies related to Jahangir Siddiqui & Company which have over a 20% interest. The result appears to be a complete vindication for Zia Chishti and damning for his rivals Aslam, Khaishgi, Leone, and McGinnis who have been ruled to have been conducting a fraud.

TRG Pakistan’s share price declined by over 8% on the news on heavy volume. Market experts say that this was because the tender offer at Rs 75 was gone and that now shares would trade closer to their natural value. Presently the shares are trading at Rs 59 per share.

According to the court ruling, since 2021, shell company Greentree had purchased approximately 30% of TRG shares using $80 million of TRG’s own money, which means that that the directors of TRG Pakistan allowed company assets to be funneled through offshore affiliates TRG International and Greentree for acquiring TRG’s shares – a move deemed both fraudulent and oppressive to minority shareholders. The Sindh High Court also found illegal Greentree’s further attempt to purchase another 35% of TRG shares using another $70 million of TRG’s money in a tender offer.

The ruling is a major victory for the tech entrepreneur Zia Chishti against his former partners and the legal ruling paves the way for him to take control of TRG in a few weeks.