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