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.