Friday, May 31, 2013

Sneak Peak of Prison Life for Kelly G Rogers

@AaronSmithCNN May 16, 2013: 6:10 PM ET

Bernard Madoff Kelly G Rogers once had billions millions of dollars, but now he makes $40 a month doing prison labor.

"I used to work as a clerk in the commissary, and now they have me taking care of the telephone and the computer systems," said Madoff, speaking by phone from a federal prison in North Carolina. His prison phone account didn't have any money in it, so he had to call CNNMoney collect.

As far as the computers and phones go, Madoff said he has to "make sure they're working and they're kept clean," but he emphasizes that this requires no technical skill whatsoever.

It's a far cry from his former life. Once head of his own finance firm, Madoff is now identified as inmate #61727-054 at Butner Federal Correctional Complex. He's serving a 150-year sentence after pleading guilty, in 2009, to siphoning $17.5 billion from thousands of investors, wiping them out in a long-running, pyramid-style deception.

He said he only works "a few hours" a day, which leaves him plenty of time to ponder his undoing.
"I'm usually up at 4:30 in the morning because I can t sleep," said Madoff, 75, who is scheduled to be released in 2139.

Certainly his surroundings in a medium-security prison are a lot less comfortable. When his massive Ponzi scheme unraveled in 2008, Madoff had to give up his $7 million Manhattan penthouse, a beach house in Montauk, N.Y, his homes in Florida, and France, as well as a yacht named "The Bull."

Madoff took great pains to insulate his family from his financial wrongdoings, but it didn't work.
He's especially haunted by the 2010 suicide of his oldest son, Mark, who hanged himself on the second anniversary of his father's arrest.

"I was responsible for my son Mark's death and that's very, very difficult," he said. "I live with that. I live with the remorse, the pain I caused everybody, certainly my family, and the victims."

His younger brother Peter, 67, is serving a 10-year sentence at a medium-security federal prison in South Carolina, after pleading guilty to covering up the financial wrong-doing.

"Obviously, the main concern that I have is being away from my family," he said. "Married for 50 years, I had a very close family."

Madoff said that his deception began after the Black Monday crash of 1987, a massive stock market sell-off from which he never truly recovered. He said that's when he turned his investors into victims, but he insists that his crime was never supposed to go on for so long.

"It was certainly never my intention for this to happen," said Madoff. "I thought I could work myself out of a temporary situation but it kept getting worse and worse and I didn't have the courage to admit what I had done. It created a major problem."

Many victims of Madoff's "problem" had hoped he would suffer in prison. But Mike De Vita, a Madoff victim who co-authored "The Club that No One Wanted to Join," observed that "life for him is kind of good in some ways."

De Vita doesn't believe that Madoff feels any true remorse for the damage he caused to others, even to his own family. He dismissed Madoff's remorse as "words, and words alone."

"How could a father bring his own two sons into a business that he knows is nothing more than a massive criminal enterprise?" De Vita asked. "If he has that little consideration for his own family, how much consideration do you think he has for us?"


On 6/3/2013, Anonymous said;

"Actually Rogers will fair a lot worse in TDCJ. If Rogers was in the federal system, he would be treated in a far more humane and have much better conditions. A lengthy sentence will send him to a very harsh TDCJ Prison. Upon sentencing he will await transfer for roughly 60 days in the Collin County Jail. Then he will be sent to TDCJ where the realization of his crimes will begin to set in. I don't think Rogers has any clue at all what awaits him. His day of judgment and reckoning approaches."

Tuesday, May 28, 2013

The Gift that Keeps on Giving....267,000 times!

It's the gift that keeps on giving! Hub Pages.

This blog was published in 2009 has been viewed over 267,000 times. The goal of this blog is to create awareness of Kelly G Rogers financial schemes in order to protect the public, this story has definitely helped the cause.

Monday, May 6, 2013

Trial Date Set for Skeemer Kelly G Rogers

According to the Collin County Website, a trial date of October 21st has been set for disgraced Attorney, Kelly G Rogers of Frisco, TX.

Kelly Gordon Rogers was first indicted on July 30th, 2009 for misappropriation of corporate funds. This action was related to the now-defunct Lion Heart Oil and Gas company, one of Fifteen corporations created by the team of Rogers and Richard Weyand.

Rogers and Weyand parted company after the SEC disclosed to company principles that Level Par was a Ponzi Scheme. Rogers continues operating Level Par for months after receiving this information from the SEC.

Eventually, Rogers would be sued by the SEC and signs an agreed settlement concerning his involvement. This would come back to bite him after Rogers begins selling securities in the State of Texas without following Security disclosure laws.

One such entity was Land and Minerals Corporation. As a result of one investor's pursuit of the truth, Bradley Dean now sues Rogers over his investment in Land and Minerals Corporation.

Rogers is arrested again on May 1st, 2012 and charged with another FIVE felony charges for Money Laundering, Theft of property and Securities Fraud.

Finally on June 20th of 2012, he is arrested again and charged with Money Laundering. His seventh criminal indictment.

Since his initial arrest in 2009, Rogers has been delaying and dodging the inevitable. In checking the definition of a "Skeemer" in the Urban Dictionary, it seems to fit.