Keith Rode Allegedly Took Part in $60 Million Ponzi Scheme; Peiffer Wolf Carr & Kane Investigating

ponzi scheme attorneysThe Peiffer Wolf Carr & Kane investment rights lawyers are currently investigating Keith Rode, 45 and formerly of Franklin, Wisconsin, after Rode reportedly pleaded guilty to one count of mail fraud in a California federal court case involving a $60 million fraud scheme.

Rode, who now resides in Los Angeles, faced charges after sending a misleading investor statement which allegedly failed to reveal the changed nature of the investment, according to California court documents under review by attorneys Joe Peiffer and Jason Kane.

Rode and GLR Allegedly Diverted Investor Funds into Two Private Companies

Rode and his former business partners, John Geringer and Christopher Luck,  both of Scotts Valley, Calif., were indicted in December 2012 by a California grand jury. The trio was alleged to have been partners in managing an investment company called Geringer, Luck and Rode LLC that managed the GLR Growth Fund, according to reports from the Golden Stat.

The trio allegedly recruited investors by assuring them that the fund would invest in a purported diversified array of assets, according to documents from Federal officials currently being reviewed by attorneys Jason Kane and Joe Peiffer.

On the contrary, according to the indictment, after 2009 the partners siphoned investor funds almost exclusively into two privately held companies. What is more, Federal officials alleged in the indictment that GLR received more than $60 million from investors, but diverted half the money to themselves and private companies in which they held an interest, the indictment states.

Investment Rights Lawyers Investigating

The Peiffer Wolf Carr & Kane investment rights lawyers often represent investors who lose money as a result of investment misconduct, and are currently investigating Keith Rode, and his alleged GLR Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Any investor who believes they lost money as a result of Keith Rode, GLR, and their alleged Ponzi scheme are invited to contact the investment rights attorneys at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

phil korosec (1249 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.