Safe Money Radio Scam Verdict 17 Jan 14

The former host of “Safe Money Radio” and previous owner of Redwood Valley Interest in Redwood Falls was found guilty of 4 counts of wire fraud and 1 count of mail fraud in federal court this week. 49-year-old Jeffrey Charles Rodd was standing trial for a scam that swindled nearly $2-million out of investors. He was accused of using the radio program to gain customer’s trust and maintain a client base to solicit for his fraudulent annuity purchase program. He would then use the money raised through his annuity program for his own personal and business expenses, and would only repay those investors by soliciting money from new investors. He was ordered to halt the scheme and was fined $300,000 by the state. A sentencing date on the federal charges has not been set, and Rodd is not in custody at this time.