'Safe Money Radio' Host Cheated Investors

A one-time host of “Safe Money Radio” in western Minnesota has allegedly contradicted the show’s title by swindling investors who said they had invested proceeds from the sale of their farms or life savings.

According to startribune.com, Jeffrey C. Rodd, 49, of Redwood Falls, was charged this week in federal court with four counts of wire fraud and two counts of mail fraud in connection with the scam that spanned more than three years.

In February, regulators with the state Commerce Department ordered Rodd to halt his scheme and fined him $300,000. The agency said Rodd’s victims included four elderly people, one of them with dementia, and others who said they turned over their entire life savings to Rodd, with some raising their investments by selling their farmland.

An executive at Redwood Falls station KLGR 1490 AM that carried Rodd’s show said that while he was stealing from clients he would try to appear generous to the community by sending gifts of food to families in need.

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