Kelly G Rogers Arrested a Third time!

KELLY G ROGERS ARRESTED FOR  MONEY LAUNDERING 

It's close to 5:00 pm on Friday and the police car is rolling up to the home of Kelly G Rogers and Carrie S. Rogers to arrest him! Consider it a "twin-spin" duplicate of May 4th. As you might know, Friday is a notorious day for arrests and June 22nd was no disappointment. Cops rolled up to Kelly and Carrie Rogers Frisco home and attempted to arrest him. 

It was a familiar charge--Money Laundering. Case number 380-81504-2012--money laundering for $200,000 >. His Seventh Felony charge. Nice. The link to the Frisco Police.

Similar to May 4th, Rogers was not around so the warrant went unsatisfied. However, at some point on Saturday, June 23rd, the arrest was made and the warrant was met and removed from the Sheriff's website.

My Gosh, it's like an early Christmas gift for those who invested with Kelly G Rogers Frisco. Some lost tons of money, went bankrupt, lost good quality marriages and had their lives turned irreversibly upside down by their mere association with this couple.

But today we take heart because it looks like the authorities are finally catching on to what this guys been pulling since 2004 when he first invested in Travis-Correll ponzi scheme.

While the warrant had been satisfied, Rogers mysteriously did not appear as an inmate in the Collin County jail? Could it be he didn't want another mug shot in that stupid robe of his?

Instead, Rogers was arrested and processed at the Frisco Police Department--7200 Stone Brook Parkway in Frisco, Texas, right across from the High School. The Mug will follow next week since the Frisco Jail does not post instant mug shots and records online. 

Stay tuned as this case take the shape of a novel; How NOT to do business in America--brought to you by the Texas State Securities Commission.             

Here's a summary of his May 4th indictments.    

            

Kelly G Rogers Trial ***Update***

The trial of Kelly G Rogers for his 2009 indictment on "misappropriation of corporate funds", is set to begin Monday, June 25th. However, that date has now been rescheduled to June 29th.

On that same day, Kelly G Rogers is scheduled to make his first appearance resulting from his May 4 arrest on five new felony indictments. That date was rescheduled from June 6th.


You can check the Collin County website for ongoing details.

So is this good or bad for former investors who want justice to be served? It appears to be very good!

It's like your Comcast service, they appear to be "bundling' the felony appearances and rolling them all into one to get a better result. In other words, let's hope Collin County DA is piggy-backing on the recent indictments to secure a stronger case.

One challenge with the 2009 indictment is Richard W. Weyand. If you do some homework on Richard W. Weyand,  you'll find he has quite a reputation. For example, look no further than what he did with the Orpheum Theater in New Orleans and you'll start to get the picture.

Would the Texas State Securities Commission , working in conjunction with the Collin County DA's office, have a better chance of success if they focus on the recent indictments of Money Laundering, Security Fraud and Theft of Stolen Property charges?

Based on the information contained in the recent indictments, we think the answer is YES!

Bradley Dean v Land & Minerials Corp, Kelly G Rogers and Carrie Rogers Frisco UPDATE

According to Collin County Court records, Carrie Rogers Frisco has hired the services of Craig M. Price as council for Bradley Dean's lawsuit.

As way of background;

On February 2nd, 2009, Kelly and Carrie Rogers enter into an agreement with Timothy Woods of Series C, LP to borrow $125,000 to be paid back by May 1, 2009.

Seven days later on February 9th, 2009,  Kelly G Rogers acting as President of Land and Minerals Corporation (LMC), signs a joint venture agreement with Bradley Dean to invest $102,000. Dean was due $122,000 by March 20th.
 
At this point Kelly G Rogers failed to disclose he'd been sued by the SEC and agreed to a $153,000 final settlement. He also failed to disclose he was being sued by multiple investors over other deals.  

On February 10th, 2009, Dean wires $102,000 to LMC but Kelly G Rogers calls an audible and immediately wires $193,618 to a bank account for Series C, LP in Tulsa, Oklahoma.

Unknown to Dean, from March 13th to April 13, four contractors doing remodeling work on Rogers home file M/L affidavits against the 8 Riva Ridge home for unpaid bills totaling $196,372.

Combine the $196,372 to the $247,000 (Series C + Dean) and Rogers now owes $521,372 by May 1st. Rogers will go one to file personal Chapter 11 on July 27th, 2009. 

In the August 3rd, 2009 Section 341 bankruptcy meeting transcript, Kelly G Rogers testified that Carrie owned LMC. The LAST thing he wants is to have LMC ownership be tied to him. He repeats this claim at an August 25th, 2009 deposition, where Kelly testifies that Carrie owns LMC and he was President.

But suddenly, in a May 12th, 2010  motion filed by Kelly (acting as legal representative for his wife Carrie), Carrie swears that she had NEVER had ownership interest in LMC. But the best part; at an April 3rd, 2012 evidentiary hearing,  Kelly contradicts his Section 341 and August 25th, 2009 deposition testimony and stated that his wife, Carrie, owned NO interest in LMC and that " the actual ownership of the corporation is in a trust. That trust is managed by Carrie Rogers, my wife."

Bring in Craig M.Price to save the day.



Craig is an aggressive trial lawyer who possesses the rare combination of experience in both criminal and civil cases. His many jury trials have included business disputes, malpractice and personal injury cases as well as felony and misdemeanor criminal cases.

During his two decades of practice, he has recovered for his clients millions of dollars that have been embezzled by former employees, represented businesses in contractual disputes, defended physicians in malpractice actions, settled disputes for numerous family-owned companies, represented clients in software and contract disputes, assisted governmental entities and property owners on condemnation matters, prosecuted and defended deceptive trade practice actions for consumers and business owners, and represented insureds and insurers in disputes over policy coverage and benefits.

He also has handled numerous appeals, and he is an experienced mediator. In his criminal defense work, he has defended clients accused of DWI, family violence, sexual assault and a host of other felony and misdemeanor matters.

Good luck on this one Craig!

Kelly G Rogers, Land & Mineral Corp & Bradley Dean

William Seelye told investors he was a successful oilman in the classic Texas mold. A regular J.R. Ewing.

So did Kelly G Rogers.

Using investor funds as working capital, he was reportedly able to deliver significant returns through drilling or reworking wells throughout Texas and Oklahoma. Investors anted up more than $400,000, but their monies often didn’t make it to the oilfield.

Seelye instead used their funds to make payments to his mortgage and credit card companies and to sustain his lifestyle. Not surprisingly, his oil drilling program turned out to consist mostly of phantom projects and low-producing wells.

In Williams Seelye's case, the only return on investment was a 99-year state prison sentence, which was secured in a Collin County courtroom in 2010 by the Texas State Securities Board.

Now comes Kelly G Rogers where investors anted up $2,800,000.

Bradley Dean was told Land and Minerals Corporation would buy royalty interests, package it with other interests and sell them with his $102,000 investment. Rogers told Dean he would return $122,000 within six weeks of the investment. Dean signed a JV Agreement and forwarded his money on February 2nd, 2009.

But his money never purchased any royalty interests.

Instead, Kelly G Rogers wired $193,618 to a bank account for Series C, LP in Tulsa, Oklahoma on the same day Dean wired his money. No royalty interest, no packaging it with other interests and no sales.

What will be the return on investment for Kelly G Rogers for his part?

Background Information

On February 2nd, 2009, Kelly and Carrie Rogers enter into an agreement with Timothy Woods of Series C, LP to borrow $125,000 (at no interest) to be paid back by May 1, 2009.

Seven days later on February 9th, 2009,  Kelly G Rogers acting as President of Land and Minerals Corporation (LMC), signs a joint venture agreement with Bradley Dean to invest $102,000. Dean was due $122,000 by March 20th.

If you're keeping score, Rogers in now obligated for $247,000 by May 1st, 2009.

At this point Kelly G Rogers failed to disclose he'd been sued by the SEC and agreed to a $153,000 final settlement. Additionally, he failed to disclose he was being sued by multiple investors over other deals.  

Apparently you're required to follow disclosure protocols established by the State Securities Commission of Texas. Oops! You'd think a smart like Rogers could figure that out.

Back to Dean. On February 10th, 2009, Dean wires $102,000 to LMC but Kelly G Rogers calls an audible and immediately wires $193,618 to a bank account for Series C, LP in Tulsa, Oklahoma.

Unknown to Dean, from March 13th to April 13, four contractors doing remodeling work on Rogers home file M/L affidavits against the 8 Riva Ridge home for unpaid bills totaling $196,372.

Combine the $196,372 to the $247,000 (Series C + Dean) and Rogers now owes $521,372 by May 1st. Rogers will go one to file personal Chapter 11 on July 27th, 2009.

Someone is Lying

In the August 3rd, 2009 Section 341 bankruptcy meeting transcript, Kelly G Rogers testified that Carrie owned LMC. The LAST thing he wants is to have LMC ownership be tied to him.

He repeats this claim at an August 25th, 2009 deposition, where Kelly testifies that Carrie owns LMC and he was President.

But suddenly, in a May 12th, 2010  motion filed by Kelly (acting as legal representative for his wife Carrie), Carrie swears that she had NEVER had ownership interest in LMC. What????

But the best part; at an April 3rd, 2012 evidentiary hearing,  Kelly contradicts his Section 341 and August 25th, 2009 deposition testimony and stated that his wife, Carrie, owned NO interest in LMC and that "the actual ownership of the corporation is in a trust. That trust is managed by Carrie Rogers, my wife."

So draw your own conclusions but it looks like they're trying to manipulate the ownership to best protect their earnings from those investors who were owed money. And throw in the fact the LMC entity was forfeited on July 30th, 2010 by the Texas Secretary of State for failure to pay franchise taxes. 

Now the Rogers have some real jeopardy-- no corporate veil of liability protection of corporate officers...it's now all personal liability.

Fraud

So the logical assumption as to why Kelly insisted Carrie owned LMC back in 2009 is simple. Theoretically LMC was making $35k a month (as reported in the bankruptcy filing) and Kelly was filing chapter 11 and wanted to repay his debt from this income.  He didn't want Carrie to declare bankruptcy--so he said she owned it to keep it out of the bankruptcy estate.

But when he failed to pay Bradley Dean the $122,000 owed,  it now became a problem to have Carrie the owner of LMC because FRAUD allows for the piercing of the corporate veil and Dean could now get to Carrie personally.

Best of all, Kelly was the attorney that put together Carrie's May 12th, 2010 affidavit where Carrie said she was NOT the owner despite his SWORN testimony.

We've know for a long time that Kelly G Rogers was a pathological liar and now its been nicely documented and packaged up into five felony indictments.

Illegal Actions 

 "Kelly G Rogers swindled Dean out of $102,000 with false promises that he and Land and Minerals would pay Dean $122,000 by March 20, 2009. But Rogers and the company simply wired the money to Series C LP in Oklahoma. No evidence indicates that they bought anything or tried to perform on the Joint Venture contract. The company never made a substantial payment to Dean. Judging from the nature of the description of other creditors' motions and objections on the Court's docket sheet, Rogers swindled others as well. On February 1, 2012, the Chapter 7 Trustee found that there were no non-exempt assets for distribution".

"On Friday, May 4, 2012, state authorities arrested Rogers on multiple felony counts, including two counts of theft of property (over $200,000), fraud (in which he obtained over $1,000,000), obtaining over $1,300,000 by deception (including $102,000 from Dean), and another count of obtaining over $200,000 by deception. On the same day, Rogers posted--or arranged for the posting--of a $250,000 bond." 

Kelly G Rogers Court Appearance for 2012 Indictments

Kelly G Rogers was scheduled to make his first court appearance tomorrow as a result of his May 4th arrest. However, that appearance has been rescheduled to June 29th. According to the Collin County Website, an attorney representing Kelly G Rogers has not been designated. This could be the reason for the delay.

Think about it, who's going to represent him? After all, on his bankruptcy filing he listed Scheef & Stone, LLP as being owed $77,934 and Fish & Richardson, PC another $28,263. Imagine calling one of those firms and begging for representation?

Ironically, Kelly G Rogers has another appointment with the 380th District court on June 21st, his pretrial conference from his 2009 Felony indictment. His trial is scheduled for June 25 for misappropriation of corporate funds. 

On Friday, we will be releasing specific details from the Bradley Dean lawsuit. Through cooperation between Dale Barnes with the Texas State Securities Commission and the Collin County DA's office, the effort resulted in five new indictments for money laundering, fraud and theft.

At this point, Rogers is maneuvering to hide assets in anticipation of his July bankruptcy filing. First, we know the Rogers called Amway trying to have his name removed from the distributorship. They got caught and Amway wouldn't do it. Then on March 25th, 2009, a deed of Trust filed on a Mississippi deal in name of The Kelly Rogers Trust. Yes, ahead of the bankruptcy.

But on August 3rd, pulled from a Section 341 meeting transcript, Kelly G Rogers testified that Carrie owned LMC. Again, he's filing bankruptcy in July so the last thing he wants it LMC to be tied to him. Further, at an August 25th deposition, Kelly testifies that Carrie owns LMC and he was President. However, in a May 12th, 2010  motion filed by Kelly on Carrie behalf, Carrie swears that she had NEVER had ownership interest in LMC.

Then at an April 3rd evidentiary hearing,  Kelly contradicts his Section 341 and August 25th, 2010 deposition testimony and stated that his wife, Carrie, owned no interest in LMC and that "the actual ownership of the corporation is in a trust. That trust is managed by Carrie Rogers, my wife.

"Kelly G Rogers swindled Dean out of $102,000 with false promises that he and Land and Minerals would pay Dean $122,000 by March 20, 2009. But Rogers and the company simply wired the money to Series C LP in Oklahoma. No evidence indicates that they bought anything or tried to perform on the Joint Venture contract. The company never made a substantial payment to Dean. Judging from the nature of the description of other creditors' motions and objections on the Court's docket sheet, Rogers swindled others as well. On February 1, 2012, the Chapter 7 Trustee found that there were no non-exempt assets for distribution".

"On Friday, May 4, 2012, state authorities arrested Rogers on multiple felony counts, including two counts of theft of property (over $200,000), fraud (in which he obtained over $1,000,000), obtaining over $1,300,000 by deception (including $102,000 from Dean), and another count of obtaining over $200,000 by deception. On the same day, Rogers posted--or arranged for the posting--of a $250,000 bond."