CEO
Burned By Rogers
United States
Kelly G Rogers Suspended as an Attorney in Texas Kelly G Rogers of Frisco Texas has identified himself as a lawyer for many years. A graduate of Southern Methodist University, Mr. Rogers earned his law degree in 1986, according to an Avvo account set up by Mr. Rogers. However, if you click on the "LICENSES" section of the Avvo website, specifically "SEE LICENSE DETAILS", you'll notice Mr. Rogers’s status is SUSPENDED. Which begs the question; why does ones law license get suspended? We dug a little deeper into this issue. After all, someone who claimed in 2005 to have an "Extensive Knowledge of Securities and Exchange Law" would surely know how to keep a law license current. At least one would think so. However, this is not the case. On March 25th, 2002, the Texas Supreme Court issued Misc docket no 02-9063 ordering the suspension of Kelly G Rogers of Frisco Texas among others. His name is found under "COLLIN COUNTY", the same county who issued an indictment of Kelly Gordon Rogers on August 3rd, 2009. His State Bar number is listed as 17194020 and we crossed checked the number against the Kos Final Judgment and found it was accurate. The Supreme Court of Texas has established a "minimum level of requirements" to maintain a basics of a law practice. The basic requirements are outlined in Misc. Docket No. 06-9075. In this order, the Supreme Court observes; "Despite notice and the availability of the Guide to the Basics of Law Practice course, many Texas attorneys have failed to heed this Court’s orders requiring attendance". Mr. Rogers has failed to meet the MINIMUM requirements in both 2002 and 2008. Having established this failure, let's look at how Mr. Rogers utilizes the status of being a "Lawyer" to build credibility in the community. Free Market Foundation The Free Market Foundation's Board of Directors listed Kelly Rogers as the Secretary. He's is also listed as an Esquire, meaning a lawyer. OK, so is it wrong to list yourself as an Esquire even though you've been suspended by the Texas Supreme court? Probably not. However, the willingness to be listed as an Esquire, while knowing your license has been suspended, demonstrates a weird kind of need to have the "appearance" of being lawyer. It's almost seems like kind of badge of honor to build up his credibility. We found the attached document on the internet back in January 5th, 2009 listing Kelly G Rogers as the secretary of Free Market Foundation. Mr. Rogers lists himself as Esquire, Frisco Texas. Based on this information, one has to ask themselves if the Free Market Foundation knew Rogers had been suspended. Did they know Mr. Rogers had been sued by the SEC for his part as a "Facilitator" in an illegal ponzi scheme, case 07-CV-346? Did they know that Mr. Rogers sold investment opportunities to his friends, business associates and strangers that resulted in the loss of millions of dollars? Did they know that for many, it cost people their life savings? Did they know the Rogers is being sued by a variety of disgruntled individuals and corporate entities? To the credit of the Free Market Foundation, they must have figured it out. If you link to the "About Us" site today, Kelly Rogers is no longer listed as Secretary. Good for them!! Legacy Christian Academy On November 3rd, 2007 the Legacy Christian Academy hosted its "Legacy of Champions” Auction event. We've attached the brochure from that event. On page 6 of the handout, the 2007-2008 Board of Directors are listed and none other than Kelly Rogers name appears as a board member. This raises a host of questions that need to be directed to Legacy Christian Academy. The obvious questions is how well do they know Kelly Gordon Rogers and are they aware of his actions from 2004-2009 that have resulted in a flurry of lawsuits against him? Has anyone pointed this out to fine institution? And is he still listed part of the board in 2009? Further, are they aware of the following; 1. Do you know that Kelly Rogers has been indicted on a Felony 1 count by the State of Texas? Go to the State of Texas site and enter the name of Rogers, Kelly to see the current proceedings. 2. Do they know he was sued by the SEC as a result of his role as a facilitator in a ponzi scheme? 3. Do they know he raised money for a variety of business entities that are mostly bankrupt today? 4. Do they know that many investors solicited by Kelly Rogers lost their life savings, have been forced to file bankruptcy and lost valuable relationships due to his actions? 5. Do they know he's being sued by many is his Amway business? 6. Do they know a he filed bankruptcy in July of 2009, owning others $6.5 Million? It would be interesting to find our if he's still on the Board of Directors? However, they may not know about all this public information so let's hope our goal of protecting the public and presenting the truth has a positive effect in this situation. Only time will tell.
This blog is dedicated to; telling the Truth about Kelly Gordon Rogers, exercising my First Amendment rights to Free Speech, and acting in a matter of "public concern" for the sole purpose of protecting individuals from getting involved in his financial schemes.
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CEO, Scammed by Rogers
Private, Sole Proprietor employees, Banking / Financial Services / Insurance industryKelly G Rogers Bankruptcy filing was not surprise to those who know his mode of operation. It also came as no surprise that his wife, Carrie Rogers, was excluded from the Chapter 11 filing. By the way, click on any of these documents to see them in full size. Interesting. So the purpose of this Bankruptcy follow up story is to; 1. Raise inconsistencies discovered while comparing Mr. Rogers “summary of schedules” from his bankruptcy filing against the Personal Balance sheet provided to bankers in order to secure financing. 2. Identify specific assets that have totally disappeared or are significantly understated on the new summary. 3. Question how Kelly Rogers can lose millions of dollars of friends, business associates and Investors money, rack up massive debt, then create a cleaver strategy to free him of all responsibilities and simply live happily ever after on Carrie Rogers stated income of $45,000. As we explore this information, I wonder how the people from Series C LP feel today about loaning both Kelly and Carrie Rogers $125,000 on February 2nd, 2009? Afterall, Kelly and Carrie Rogers signed their good name on the bottom line, promising to pay the $125,000 back on May 1st, 2009. It makes me wonder who owns this Series C LP company and why they didn't know the track record of lawsuits and investigations surrounding Kelly G Rogers when they loaned him the money back in February? Couldn't they have Googled his name and seen the lawsuit issued by the SEC? I wonder how they felt on July 9th when Kelly filed Chapter 11? Do you think they now question whether they should have made that loan for $125,000? I'll bet they were very surprised when the bankruptcy papers showed up at their office shortly after the filing! Maybe if this blog had been up and running back in February, they could have saved themselves some hardship at the hands of Kelly and Carrie Rogers? Thus, the purpose of this truth. Moving on, let's review some facts. In case number 71-198-Y-0001-07 and 71-198-Y-0001-08, Kelly Rogers’s “First Amended Cross-Claim against Co-Respondents, Page 3: “Since July, 2006 Richard Weyand has methodically committed acts of fraud against Kelly Rogers by illegally taking from Kelly Rogers his rightfully owned interests in many businesses. In July, 2006 Kelly Rogers and Defendant Weyand were partners in no fewer than 15 entities that were partnerships, LLC’s, corporations or Joint Ventures. Kelly Rogers obtained his ownership in these entities through either payment from his personal funds, interests derived from founding the companies and assisting in building the companies, providing his personal financial statement and personally guaranteeing the debts of the companies, and providing services And equipment to the certain companies”. So we can clearly establish that the purpose of the July 17th, 2006 balance sheet was to provide information to “Personally guarantee debts of the companies”. So let’s compare the this balance sheet and the stated assets listed on July 17th, 2006 to the assets listed on the chapter 11 filings in case number 09-42154. First, let’s do some quick clean up on the bankruptcy filing. On the Summary of Schedules, Mr. Rogers has incorrectly added his numbers. He has understated the amount owed to unsecured creditors by $104,997. He stated a total of $4,300,863 to unsecured, non-priority creditors. So, if you’re keeping score at home, the total owed should read $6,563,852 rather than $6,458,794. To me, this is shocking. It begs the question; which set of numbers are correct, the numbers presented to banks from his July 17th, 2006 balance sheet when he was personally guarantee debt or the numbers in his bankruptcy report? On the other side of the coin, did the value of these assets drop form $26,408,500 to $58,600 or have they been transferred out of him name into third party and sheltered from bankruptcy? Our guess is this did not happen because on Exhibit D of the filing it specifically asks if any property has been transferred in the last two years and the answer is “None”. However, one investor group who plunked down $1,200,000 for a Falcon Energy deal has filed a “Motion for rule 2004 Examination of Kelly Gordon Rogers”. Under this motion, it would allow the investors to dig through the assets of Rogers to find where the heck their money went. “Prior to the petition date, and upon information and belief, the debtor obtained possession of assets of the trust and currently has knowledge of where the trust assets or proceeds thereof are located”. This "deal" occurred in February of 2007 when Mr. Rogers was establishing his “Falcon Energy LLC” empire. So, is it possible for one individual; to lose millions of dollars of other peoples money, add an 8,000 square foot addition to their home, place the home in a trust, rack up $6.5 million in debt, file Chapter 11 to release the debt to creditors, then walk away to live on his wife’s $45,000 per month income? Is that possible? Only time will tell. In the meantime, the answers to these and other questions can only be determined by the Trustee who will sort through the maze of information. In the end, the truth will be uncovered.
