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 Davis touted the fact that the funds would be safely deposited in an attorney’s trust account and would not be withdrawn until an actual transaction commenced or an instrument was purchased.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 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?