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Redwood Falls Gazette
  • Jeff Rodd pleads guilty, must pay back $97,000

  • Jeffrey Charles Rodd, 49, of Mound pleaded guilty April 28 in Redwood County Fifth District Court to felony issuance of a dishonored check....
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  • Jeffrey Charles Rodd, 49, of Mound pleaded guilty April 28 in Redwood County Fifth District Court to felony issuance of a dishonored check and was sentenced July 21 to a stay of execution of a 12 months and one day stay with the Minnesota Department of Corrections and up to five years of probation on conditions he serve 60 days in jail with credit for time served, good time credit as earned and Huber work release if eligible, pay court fees and surcharges and pay restitution to three individuals in the amounts of $54,333.51, $17,000 and $26,000. The case stems from incidents in 2012 and 2013 when the defendant wrote non-sufficient fund checks to three individuals during his time as a financial consultant operating under Redwood Valley Interests, LLC in Redwood Falls.
    During that time period the individuals invested funds with the company operated by the defendant with the promise of a return. When the individuals attempted to settle the promissory notes bad checks were written by the defendant through the company. The defendant has also been found guilty in a federal case related to the financial consultant business but has not yet been sentenced for those convictions. Rodd was found guilty in federal court this past January of wire fraud and mail fraud. The former “Safe Money Radio” host utilized a false financial planning scheme that swindled many individuals out of approximately $2 million. In the federal indictment from Fall 2013, Rodd was accused of using the business to acquire funds raised through a base of customers which were then used to cover personal expenses. He repaid customers over time by soliciting money from new investors. An initial $300,000 fine from the State of Minnesota and a cease and desist order led to the federal fraud charges and the conviction earlier this year.

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