The Level Par Scam by Kelly G. Rogers

Yep, the scam that started the down hill spiral of Kelly G. Rogers, Lawyer of Frisco Texas. On the fast track to rebuild his home, Rogers set off on a Bernie Madoff pace that caused many of Kelly G Rogers friends, acquaintances and those in his Amway down-line to lose Millions of dollars.

After all, what are friends for? 

SEC v. Global Finance & Investments, Inc. et al. Case 4:07-cv-00346

18. "Kelly G. Rogers, age 47, is a resident of Frisco, Texas and was the managing member of Level Par until July 2006, when he was forced to resign after the other Level Par members discovered he had diverted Level Par’s funds to his personal bank account. Rogers was a member of the Texas Bar Association until April 2005, when his license was suspended for failure to pay Texas’ occupational tax". (Page 5 & 6)

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF TEXAS
SHERMAN DIVISION, Case SECURITIES AND EXCHANGE COMMISSION vs. GLOBAL FINANCE & INVESTMENTS, INC.

Page 11:  Roger’s fraudulent offering:

43. In January 2006, Clark told Kelly G Rogers that Clark had invested with Global Finance and was receiving profits from Global Finance’s program. In fact, drawing from the representations in Davis’s December 20, 2005 joint venture amendment, Clark represented to Rogers that he had $100 million invested in the Global Finance investment program.

44. In February 2006, after Rogers expressed an interest in participating in Global Finance’s program, Clark introduced Kelly G Rogers to Davis. According to Rogers, Davis offered him a “totally secure” high-yield program involving the purchase and sale of bank debentures that paid monthly returns of up to 25 percent. Davis touted the fact that the funds would be safely deposited in an attorney’s trust account and would not be withdrawn until an actual transaction commenced or an instrument was purchased.

45. In February 2006, Kelly G Rogers was the managing member of Level Par and its sole contact with Global Finance. Kelly G Rogers, using Level Par as a pooling vehicle, conducted an offering, and invested the proceeds with Global Finance. Based on Davis’s representations, Rogers prepared Level Par’s offering documents, promising investors monthly returns ranging from three to 10 percent. Kelly G Rogers orally represented to Level Par investors that their principal was not at risk because it remained in an attorney’s trust account. Rogers also told investors that the funds would be used as collateral to trade in various bank debentures or mortgage backed securities. Kelly G Rogers told one investor that “the World Bank would have to collapse to lose his investment.” Rogers raised $4.7 million from approximately 35 investors and wire transferred all of it to Global Finance in February and March 2006.

46. Rogers knew that Davis’s claims were fraudulent. First, Rogers was an investor in Correll’s scheme, a similar high-yield investment program, which had ceased making promised payments. Also, Rogers was on notice that these investments were scams when he learned of the Commission’s allegations in the Correll civil action in which Robbie Gowdey, Rogers’s friend and neighbor, was charged with violations of the federal securities laws.

47. Nevertheless, on February 13, 2006, Rogers caused Level Par to enter into a joint venture agreement with Global Finance, and a trust account agreement with Dippolito, containing terms similar to Clark’s and Schliemann’s agreement with Davis.

In the end, many investors we talked with have never gotten ONE PENNY of money back from the Level Par investment. In the meantime, has Rogers curbed his fund raising activities? NO. But surely he's seen the light and now enables his investors to rake in huge profits to rebuild his reputation as a rain-maker, right?

What do you think? Maybe you should ask those who've invested with Rogers in the past years to get the answer?

In the meantime, let's all look ahead to the February trial for justice to be served.

Kelly Rogers Attorney Dallas--Trail Rescheduled

According to the Collin County Website, the Trial of Kelly G Rogers has been rescheduled for December 12th of 2011. This information was obtained from the Collin County website. To get the information, simply click on the link and enter this case number to view a complete listing of the activity. 

As soon as details are available, they will be passed along to our readers.

Kelly G Rogers Trial--NO MORE CONTINUANCES

Five Reasons why Judge Suzanne Wooten SHOULD NOT GRANT another continuance to Kelly G. Rogers--Frisco Lawyer.

We're coming up on the moment of truth for Kelly G Rogers, Frisco Lawyer. Less that TWO weeks until he stands trial after he was indicted in July of 2009. Here we are--some TWO years later and we're still not assured of a trial.

While we fully expect Kelly Rogers--Dallas Lawyer--to request ANOTHER continuance, we at the Kelly Rogers Report have FIVE REASONS why we are begging Judge Suzanne Wooten to stand firm and move the trial forward as scheduled.

Eight Trial Dates Have Come and Gone: How much time does someone need to prepare for trial? Yet, the court has passed trial dates on EIGHT different occasions: October 29th, 20009, December 3rd, 2009, January 15th, 2010, March 19, 2010, May 25th, 2010, July 14th, 2010, November 3rd, 2010 and April 13th, 2011. Frankly, we're questioning the competency of the Collin County DA's office here. So let's keep this date...

Justice Needs to be Served: Many who read this blog each week have one thing on their mind--watching justice served to Kelly G Rogers--Frisco lawyer. Many have lost everything as a result of investing with this guy. He's as slippery as a bloated codfish and seems to lye his way out of everything. It's never his fault. Well, this time it is his fault and we need to see him served.

Kelly G Rogers Needs to do some Jail time: It's not clear what the sentence is for a first degree Felony for Misapplication of funds. However, it's important that Kelly G Rogers be humbled by serving time and being labeled a convicted felon. Maybe then he will be humbled...although it's doubtful. Until he serves jail time, he will continue to be a "Get-Rich-Quick-Schemer" that is always looking at how to make a fast buck--regardless of who he hurts or what rules he breaks. No remorse. No fair play. No team of advisers. Just complete and unadulterated arrogance.

Kelly G Rogers needs to be Disbarred: Lawyer. It's a title he flashes around like a "Get out of Jail Free" card. It gives him the self promotion and credibility he needs to scam people into thinking he's someone special. They're impressed, they invest, Rogers moves the money somewhere other than where it should be, the investor sues and Rogers represents himself at nominal costs. However, the investors are forced to pay an outside Lawyer $150-$250 per hour to find their money. If Rogers is convicted of a felony and disbarred, he'll then need to come up with his own money to defend all these lawsuits. It would level the playing field and safeguard the public by taking away his title and ability to bully his opponents and manipulate the legal system.

Need to put an End to this Case and Move on: We've all been watching the development of this of this case since 2009. However, many have been praying for justice since 2006 when Kelly Rogers Frisco Lawyer decided to raise money, start companies and invest in Ponzi schemes. Now we need to see this come to any end--by convicting the scoundrel--and allowing us to move on with our lives. It's been a sad, pathetic and very costly five years for many. While most have put all this in the  past, some need to see this last chapter close. Like the Harry Potter story, a bitter sweet ending to journey that was exciting for a few days before smashing our dreams on the rocks of disappointment, despair, shame and anguish.

So Judge Suzanne Wooten, we beg that you REJECT ANY and ALL attempts by Kelly Rogers to gain a continuance on this trial.

How do we know he'll ask for an extension?

He's Kelly Rogers--Frisco Lawyer....so why would you expect anything different?

LAWYER Kelly Rogers Trial Scheduled for April 18.

Kelly G Rogers Trial Scheduled April 18

The Jury Trial of KELLY G ROGERS is scheduled for April 18th, according to the Collin County website. If you go to the site, enter Kelly G Rogers, the case 3808160009 is on the second page, second from the bottom.

If all all goes according to the schedule on the site, the pre-trial conference is schedules for 8:30 am the morning of April 13th, 2011 with the trial starting five days later. The indictment is the result of the State of Texas claims that Kelly G Rogers had removed over $400,000 from an oil and gas company and used the money for his own personal use. 

A link to the original indictment can be found by clicking on KELLY G ROGERS.

Rio Grande Coal Mine, LLC v Kelly Rogers, Carrie Rogers Re-opened

Rio Grande Coal Mine Lawsuit reopened against 
Kelly G Rogers and  Carrie S Rogers

According to the Collin County website, the case 219-02195-2008 has been reopened. Rio Grande Coal Mine, LLC, Kent Loehrke, Raul Sanchez, Peggy Wade, Eric Wade, Tom Haas, Christian Litscher vs. Kelly G Rogers, Carrie S Rogers.

The original lawsuit was filed on July 28th, 2008 and the plaintiff's filed a First Amend Status Report & Req Special Jury Trial Setting. However, in the middle of all this, Rogers filed bankruptcy on July 27th, 2010 and the entire process was placed on hold with an automatic stay. The bankruptcy judge approved the Kelly G Rogers Chapter 11 reorganization on May 24th, 2010 but Rogers failed to meet the terms of his agreement and the status of the bankruptcy was changed to Chapter 7. Carrie Rogers was not included in the bankruptcy filing.

On September 7th, 2010, the Bank of Texas foreclosed on the Rogers home at 8 Riva Ridge, Frisco, TX and kicked the Rogers out of the home. They now rent a home located right by Rogers old partner, Richard Weyand, in the same Frisco neighborhood as the old home.

After all this turmoil, the Collin County website would indicate these cases have been given the green light to move forward.

Carrie Rogers sued by Bradley Dean

CARRIE S ROGERS SUED BY BRADLEY DEAN

On February 3rd, 2010, case 366-00485-2010; (enter Kelly Rogers and find Febraury 3, 2010 lawsuit) Bradley Dean v. Land And Mineral Corporation, Carrie Rogers.

Attorney representing Carrie Rogers is Kelly G Rogers. Attorney for the plaintiff Bradley Dean is Richard L. Arnold. Case type is listed as
CV - Civil Old - Accounts, Contracts, Notes.

Interesting notes: on April 20th, 2010 filed a motion to to Disqualify Attorney; on June 10, 2010 Recusal by Court, file sent to administrative Judge for reassignment; on June 11th- Transferred to the 366th; on July 16th Defendant's Carrie Roger's Brief In Opposition To Plaintiff's Motion To Disqualify; on October 14th- Defendant Carrie Rogers' Motion to Reconsider Order Disqualifying Counsel; on November 4th (The day Kelly Rogers jury trial was scheduled to start in State of Texas v Kelly G Rogers- Defendant Land and Mineral Corporation's Motion for Summary Judgment and Order Denied.

The case is still active and more details will be reported when available.

Citi Bank sues Carrie Rogers

CITI BANK SUES CARRIE ROGERS

Carrie S. Rogers, wife of indicted Kelly G Rogers, has been sued--again. The Rogers are residents of Frisco Texas. Evicted from their home due to Chapter 7 bankruptcy, they now live kiddie corner from their old partner, Richard Weyand.

The lawsuit; Citibank ( South Dakota) NA Vs. Carrie S Rogers, case 199-04132-2010, filed on 10/05/2010. Case involves Consumer and Commercial Debt. Defending Carrie Rogers is Michael A Moss is at the Office of The General Counsel, 1301 Young Street, Suite A702, Dallas, TX 75202 214-767-6943.

On December 10th, 2010 the order granting a new Trial REOPEN - OCA was posted to the case history. We don't have a copy of the specific lawsuit but will provide details when we get a copy.

Kelly G Rogers--total disrespect for the rule of law

What does Barack Obama and Kelly G Rogers have in common? OK, OK, stop laughing for a moment because we want to make a serious point here.

Both think they are the "Chosen one"? No. Both think they're the Messiah? No. Both have been indicted by a grand jury? No, not yet. Give up?

The answer, based on the evidence we've managed to accumulate; both share a total disrespect for the rule of law! I think you could call it arrogance.

Arrogance is the attitude that the rules don't apply to you, just everyone else. Arrogant people like Obama and Rogers seem to take advantage of every situation. They know the law, therefore, know where it starts and stops--and know the gray areas. They walk right up to the line, urinate on it and continue right over it because the law only applies to the "Little People" and not to them.

Similar to the Pirates of the Caribbean whereby the "code" was more like a guideline that a hard-fast rule. Same attitude with these two. As a matter of fact, the American people and those who know Kelly G Rogers of Frisco, TX know exactly what I'm talking about. These two will simply not be bothered by these petty rules.

To illustrate the point, just take a look at the attached page outlining the infractions of Kelly G Rogers of Dallas. Located on the Collin County site, this recap is just dandy. Once you enter Kelly Roger and hit enter, an entire page of violations and lawsuits appear. I counted,  20 entries credited to his arrogance. How many do you count? And how many do you have? I'll bet its no where near 20? Why so many? Arrogance.

Go ahead, put the names of some friends in and see if they come up. I entered a few names I know and the most I could find was ONE --and that was another lawyer here in Dallas. But TWENTY?

Total disrespect for the rule of law. And as such, its not hard to understand why so many stood up and cheered when the Rogers lost their home to foreclosure and were forced to move. A small amount of payback for the time being. Happy New Year.

Kelly Rogers' Trial Postponed until April 2011

The jury trial of Kelly G Rogers has been postponed until April 18th, 2011 according to the Collin County website. The pretrial conference is now scheduled to take place on April 13th.

Apparently a pecking order exists within the DA's office of who gets priority to stand trial. The bad guys are bucketed into two groups; those in jail awaiting trial and those out on bail. Unfortunately, Mr. Rogers is not in jail and therefore has been bumped...for now.

According to sources, Kelly G. Rogers is now at the top of the list of those out on bail and stands a 80-90% chance of going to trial on the 13th of April. The prosecutor assigned to the case is Coleman Sylvan graduated in 2001 with a Bachelor of Arts in Political Science from Furman University. He received his law degree from Southern Methodist Dedman School of Law. While attending law school, he volunteered at the Dallas Public Defenders Family Division. He began his career with the Collin County District Attorney's Office in September 2005 as a misdemeanor prosecutor.


To review; Kelly Rogers was indicted, booked and freed on bail over allegation that he misappropriated corporate funds and purchased personal items such as swimming pools and other. Additionally, Rogers has been sued by numerous groups who invested in various schemes he organized, he's been sued by the SEC for violating security and exchange law and has recently filed and was granted bankruptcy protection. Kelly and Carrie Rogers have also been foreclosed upon by the Bank of Texas and are losing their home at 8 Riva Ridge in Frisco, Texas.

We will continue to post any factual information as it becomes public. We also welcome any comments from former investors or participants in any of Kelly's business schemes or experiences from his Amway business.

Kelly Rogers trail date postponed to November 8th, 2010

The indictment of Kelly G Rogers was handed down on July 30th, 2009 and the trial was scheduled for July 19, 2010. However, the Collin County website is reporting that the trial is now delayed until November 8th of 2010.

Does this surprise anyone? It shouldn't...let me explain. Kelly Rogers was recently overheard telling a friend at a baseball game that his "Life Long Friend" was about to be elected as the District Attorney's. John Roach had decided to retire and this election is to determine he successor. In checking the election results, Greg Willis handily beat out Jeff Bray to win the primary. Rogers said in no uncertain terms this will finally put an end to this alleged conspiracy that Rogers believes has been launched against him.

It's interesting to point out that Rogers attorney; John C Hardin was a contributor to the Greg Willis campaign. You can see where all this is headed.

So, if this is true, expect more extensions until Greg Willis is elected and sworn in. Rogers can then exercise his influence to get the entire issue dropped. Imagine that....you lost all your money and Kelly Rogers uses this relationship to ensure the long arm of justice will not be served. Would that suck or what?
In the meantime, the July 30th deadline for foreclosure on 8 Riva Ridge in Frisco is fast approaching. Maybe an extension will be as easy as extending his misappropriation of funds indictment with the Collin County DA? The Rogers have now raised the price from $2.2 million to $2.49 million on a home that been on the market for at least 365 days. The next door neighbor’s home at 7 Riva Ridge has been on the market for 505 days and is listed at $2.4 million. Hmmmmmmm.

Kelly and Carrie Rogers lower sale price for the THIRD TIME!

Kelly and Carrie Rogers have one again lowered the sale price of their 8 Riva Ridge home. Originally offered at $3.2 Million back in December,  it was quickly lowered to $2.999 MM, then $2.4 MM and now $2.25 Million. The listing is still being offered by the Jan Richey team.

A quick check on Zillo shows the 11,826 square foot home worth an estimated $805,500. I'm sure it does not take into account the additions. But it's curious that it shows the home sold on 2/7/2008 but does not list the amount. The neighboring home at 7 Riva Ridge is a 12,249 square foot compound that listed at $2,399,999. This home’s been on Zillo for 467 days and shows an estimated value of $1,838,000. In light of the days on the market, it would appear that both homes are grossly overpriced.

The pricing of this home, relative to its valuation and the ensuing lack of sales results are haunting similarity to the outcome most experienced when investing in one of Kelly G Rogers’s opportunities. One distinction this time around; unlike in the past where Rogers was the only one who make money, it appears this time Rogers will join those who ended up losing everything. I'm sure the 70 creditors who are owed $4.6 million in debt will continue to watch this situation, along with his bankruptcy proceedings, very closely.

Rogers handling Bankruptcy clients?

According to this recent document, Kelly G Rogers is now handling bankruptcy filings for individual clients. In a Chapter 7 filing (case number 09-43972) Kelly Rogers submitted a document to keep Marco Frattarelli's case from being dismissed due to a failure to file the required declarations.

According to the document; On January 22nd the court entered its order to dismiss the case for reasons of not following the rules. On January 29th, 2010, the counsel of record files a motion to ask the court to reconsider the order to dismiss the case because the debtor’s council experienced an "Administrative procedural oversight". The possible reasons for this oversight?

First, Kelly G Rogers is in a Bankruptcy battle of his own. To review; Rogers has filed Chapter 11, hoping to reorganize $4.6 Million owed to over 70 creditors vs. having his estate liquidated and paying the money owed. Proceedings should conclude this month. Second, Rogers has been indicted for misappropriation of over $435,000 from Lionheart Energy. His trial date has been set for July 19th, 2010. Third, according to his own bankruptcy filing, Rogers is embroiled in some SIX lawsuits including; DK Joint Venture vs. Richard Weyand, TIFD III-X vs. Richard Weyand, The Stephen and Robin Perry Family Trust vs. Kelly Rogers, Rio Grande Mining LLC vs. Kelly G Rogers, Plains Capital Bank vs. Kelly Rogers and Series C LP vs. Kelly Rogers. Fourth, Rogers is trying to sell  his 8 Riva Ridge, Frisco, Texas home. It was this remodeling job that seemed to trigger a variety of issues that could explain this oversight.