• Report: #1062620

Complaint Review: Roderick Kagy, 1 World Foundation, LLC

  • Submitted: Thu, June 27, 2013
  • Updated: Fri, May 09, 2014

  • Reported By: John Warner — New York New York
Roderick Kagy, 1 World Foundation, LLC
Internet USA

Roderick Kagy, 1 World Foundation, LLC Rod Kagy, scam artist and fraud Internet

*UPDATE EX-employee responds: Check a little further into Kagys background

*Consumer Comment: Lessons in Character

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Mr. Roderick Kagy seems to be getting quite the reputation for a rip off artist in all types of industiries.  He jumps from industry to industry with the same scam.  He is notorious for starting things up and never finishing them, leaving people, innocent "little" people destitue... after making false promise after false promise and stringing them along for months.  

Mr. Kagy has left people in financial ruin from the East coast to the West coast.  In North Carolina, he started up mulitple fradulent housing developments, taking ernest money from many hard working families and then suddenly pulling the plug on the developments, never returning the money that he pocketed.  These good families ultimately were left out of pocket for hundreds of thousands of dollars.  Mr. Kagy gave a string of lies and false promises for months on end, until his victims get tired of trying to collect from him; then he disappears moving into another venture leaving hard working families destitute.  He tried to make it up to one family he owed $10,000 to by giving them back $500 in cash. What about the other $9500 owed Mr. Kagy?  And what about the thousands and thousands of dollars you stole from everyone else? The other families were left penniless. 

After being run out of town and relocating to Virginia into a 10,000 square foot mansion, Mr Kagy decided to venture into film finance and relocated individuals out to California to start his film company, stating he had over $25 million set aside for that venture.  Within four months Mr. Kagy pulled out, but continued to deceive the parties involved and gave them false promises for months on end, telling them that their paychecks were forthcoming.  That never happened and Mr. Kagy not only breeched these employment contracts, but also left the individuals penniless and homeless.  

Mr. Kagy is a ruthless businessman who deceives many individuals. BEWARE OF MR. RODERICK KAGY and his "foundation" 1 World Foundation.  

This report was posted on Ripoff Report on 06/27/2013 02:11 PM and is a permanent record located here: http://www.ripoffreport.com/r/Roderick-Kagy-1-World-Foundation-LLC/internet/Roderick-Kagy-1-World-Foundation-LLC-Rod-Kagy-scam-artist-and-fraud-Internet-1062620. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 UPDATE EX-employee responds

Check a little further into Kagys background

AUTHOR: Michael Gatti - ()

1 World Foundation, LLC
Janet Greeson
Dr Janet Greeson
Roderick Kagy
David Cullen
RO Investments
David C. Miller
Ponzi scheme and fraud based investment

In January of 2012, our client met Dr. Janet Greeson, Vice President of Project Funding - 1 World Foundation, LLC [http://www.1worldfoundationllc.com/] through a business contact.  

She stated that an investment of $250,000 or more from our client would yield five times face value in a short period of time [6-8 weeks] per the written contract between our client and 1 World Foundation, LLC [1 World].  Our client wired $250,000 to the bank account of 1 World Foundation, LLC at Bank of America in North Carolina in February 2012.

Our client was then introduced to Roderick Kagy, President of 1 World Foundation, LLC.  Greeson stated that the money was invested to purchase / lease a Stand By Letter of Credit [SBLC], and fund the investment through the monetization of that SBLC. 

As a case in point, Roderick Kagy, Janet Greeson, nor anyone involved in 1 World hold any SEC or international securities license to conduct the business they are currently transacting.

A long series of lies and untrue emails Updating our client as to the Progress of the investment came from Janet Greeson, asking our client to Have patience.  We at Fraud Prevention Associates in Belize have now learned that Janet Greeson has never been a formal or legal part of 1 World nor does she have any control of the investment other than to carve off fees for herself for bringing our client in.  Additionally, she represents herself as a Dr but does not hold a doctorate degree from any accredited university.  Greeson received her diploma from a pay as you go diploma mill that has been forced out of business by fraudulent educational practices.

Another series of delays caused 1 World Foundation, LLC to move to Another investor and has claimed David C. Miller, President of RO Financial Group of Houston, TX was attempting to fund this SBLC.  No records, nationally or internationally, show any investment made by this company.  After further review, David C. Miller and RO Financial Group have no SEC or International Investment licenses and are fraudulently representing their ability to buy and sell securities.

Month after month, promises were made by Dr. Greeson and Roderick Kagy that the investment had funded and money would be returned to our client. Our extensive research shows that none of our clients money has been invested by 1 World Foundation, LLC or OR Investments. 

In our fiduciary opinion, this is clearly a Ponzi Scheme involving fraudulent activity, securities fraud, mail fraud and embezzlement. 

Avoid any involvement with 1 World Foundation, LLC, Dr. Janet Greeson, Roderick Kagy, RO Financial Group and David C. Miller. 
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#2 Consumer Comment

Lessons in Character

AUTHOR: John Stone - ()

I first met Mr. Roderick Kagy at a family leadership conference in March 2014, and a month later found time to sit down with him for extended one-on-one conversations near my home in Dallas, Texas. Our discussions were wide ranging and included religion, family life and business theory. My wife also spent time with his lovely wife, Joy, who homeschools the Kagy’s three children.

After our first half-day meeting, Mr. Kagy’s persona and intellect so impressed me that I decided to research his background. With this lone exception, the body of information I accessed – including court records – confirms him as both a man of strong moral fiber and a business maverick.

Mr. Kagy’s various businesses, like countless enterprises, understandably suffered as a result of the world-wide banking crises that began in 2008. In fact, during our second meeting I realized that his personal financial position was so dire that I offered him a cash gift to help alleviate some of the monetary stress his family was then under.

Mr. Kagy refused the money.

When asked about the complainer, this gentleman, true to form, declined to share any negative information except to say that he was reaching out to a former employee named Lisa who has yet to respond.

Lessons in the value of character will be on display as Mr. Kagy moves forward.

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