Kelly G Rogers, a Frisco attorney, was
indicted May 1 for stealing $2.8 million from investors in two separate oil and
gas schemes.
Besides two counts of aggregated theft,
Kelly G Rogers was charged
with two counts of money laundering and one count of securities fraud.
The State Securities Board investigated Rogers and Dale Barron, an
enforcement attorney for the agency, is serving as a special prosecutor
for Collin County in the case.
Kelly G Rogers has left a trail of lawsuits from
prior business dealings, but according to the indictment he disclosed
none of them to his investors, as required by law.
Among the
non-disclosures: a 2007
lawsuit by the SEC that resulted in a $153,000 settlement; a Dallas County state district
court suit alleging he violated federal and state securities laws in
connection with the sale of oil and gas interests in Louisiana; a 2009
Bankruptcy Court filing in which he listed debts of $2 million; and
previous misappropriation of funds from investors in one of his
ventures, Falcon Energy LLC.
Kelly G Rogers is also scheduled for trial in Collin County state district
court in June on an earlier indictment; the charge is misapplication of
fiduciary property in yet another energy venture. Barron will also be
the special prosecutor in that case.
Here's a nice little summary in the
Courthouse News Service.