• Report: #248255
Complaint Review:

Riverside Community Church St.Charles, Walt Barrett, Rod Rieman, Roderick Rieman, Innovative Financi

  • Submitted: Fri, May 11, 2007
  • Updated: Tue, June 21, 2011

  • Reported By:St.Charles Illinois
Riverside Community Church St.Charles, Walt Barrett, Rod Rieman, Roderick Rieman, Innovative Financi
rccstc.org/ St. Charles, Illinois U.S.A.

Riverside Community Church St. Walt Barrett, Rod Rieman, Roderick Rieman, Innovative Financi Con Artist Rod Rieman is a member of this church - a warning, watch out! St. Charles Illinois

*Consumer Comment: Rod Rieman arrested! Criminal Charges.

*Author of original report: A warning CHBA - Consumer Health Benefits Association

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Rod Rieman, a nationally known con artist and dealer of financial Ponzi scams and phony Healthcare plans, is a member of this church.

After scamming over 150 families and senior citizens at Community Christian Church in Naperville, IL, Rod Rieman picked up his camp and moved to St.Charles, IL and joined Riverside Community Church with the intention of selling risky financial scams and medical insurance to a new congregation of unsuspecting people.

For more info on Rod Rieman search his name in Rip-off Report or search his name (Rod Rieman) or go to an active forum discussing his legal problems with the state of Illinois, his Civil Suit for $1.4 million dollars he has to pay, and his bankruptcy petition claiming $3.5 million in debts.Rod Rieman is currently being investigated by the State Of Illinois and the FBI for financial scamming.

Rod Rieman has been banned from selling securities in the state of Illinois, yet he continues to get around this ban by operating a company with his friend Craig Hufford called Emerging Growth Ventures. Rieman and Hufford are running this scam to generate money for the Ponzi scams they represent.

Rod Rieman is also a salesman and stock holder in a Healthcare scam called CHBA Consumer Health Benefits Association. Search in rip-off Reports for details.

St.Charles, Illinois

This report was posted on Ripoff Report on 05/11/2007 11:44 AM and is a permanent record located here: http://www.ripoffreport.com/reports/riverside-community-church-stcharles-walt-barrett-rod-rieman-roderick-rieman-innovative-financi/st-charles-illinois/riverside-community-church-st-walt-barrett-rod-rieman-roderick-rieman-innovative-finan-248255. 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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#1 Consumer Comment

Rod Rieman arrested! Criminal Charges.

AUTHOR: Scott F. - (USA)

Investment Con Artist, Roderick James Rieman was indicted on mail fraud charges in connection with defrauding more than 100 investors of more than $5 million in a Ponzi-type scheme, federal prosecutors say.

Roderick Rieman, 66, of Geneva, and a partner, Michael Crook, 52, of Los Angeles, were indicted April 6, 2011 of 10 counts each of mail fraud by a federal grand jury. If convicted, each count of mail fraud carries a maximum penalty of 20 years in prison, a $250,000 fine and mandatory restitution. 

The U.S. Attorneys Office for the Northern District of Illinois said the two created four companies between 2004 and 2007, took money for investing in them, overstated and misrepresented their value and return, then used money from new investors to pay older ones, according to the indictment.

Rieman said he was was a director of Z Touch Systems Inc., Global Payment Solutions Inc., Bluko Information Inc., and Smart Restaurant Solutions Inc., all based in Las Vegas. 

The companies were supposed to create interactive kiosks, software for making restaurant reservations and pre-paid debit cards. For example, for Z Touch, the interactive kiosk was called ODIEs, On Demand Interactive Environments, according to the indictment.

Rieman misled prospective investors and investors by telling them such things as: Bluko and Z Touch had contracts with the U.S. military and with Habitat for Humanity, according to the indictment. Morgan Stanley was going to take Bluko to the promised land and the U.S. had purchased a large number of ODIEs for use by soldiers.

Rieman can be found here:

1514 Kirkwood Dr
Geneva, IL 60134
ph: 630-660-2223

Filed in the U.S.District Court, Northern Illinois is case # 11CR0269

If you are a victim, contact:

Info on U.S. Atty handling case 11CR0269

Edward G. Kohler 
United States Attorney's Office (NDIL) 
219 South Dearborn Street 
Suite 500 
Chicago, IL 60604 
(312) 353-5300 

Rieman and his son Brian, through his Innovative Financial Services, Inccompany, bilked 100s of victims (mostly retired senior citizens) out of their retirement funds and equity in their properties, to buy into 2 Ponzi schemes:

Resort Holdings / Universal Lease in Cancun, Mexico.  Amount of Ponzi - $550 Million.

Michael E. Kelly, creator of this Ponzi, has been sitting in a Federal jail for 4 years while awaiting trial. He is trying to sell his properties to make restitution to his 9000 victims.

Ad Toppers, Douglas Network, Unlimited Cash of Los Angeles, CA.  Amount of Ponzi - $26 Million

Nancy Carol Khalial, creator of this Ponzi, is out of jail on $50,000 bail waiting for her trial to start. There are approximately 700 victims in this Ponzi.

Many of Rieman's investors were members of the Community Christian Church in Naperville where Rieman attended. Rieman now attends Riverside Community Church, 37W130 Crane Road, St., Charles, Il.
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#2 Author of original report

A warning CHBA - Consumer Health Benefits Association

AUTHOR: Travis - (U.S.A.)

A warning to the members of Riverside Community church St. Charles

National Benefits Consultants, nbchealth.com and Consumer Health Benefits Association CHBA(all the same scam) are not registered health plans in the state of Illinois (what's new with rieman?).

You can check this out at Illinois Department of Financial and Professional Regulation - Division of Insurance (front page -http://www.idfpr.com/DOI/default2.asp)

"The following list represents those entities which are currently registered to conduct business in Illinois as a Preferred Provider Program Administrator (PPA)." http://www.idfpr.com/DOI/PPA/PPAlist.asp

Even though this is primarily an Internet based company out of Florida, it has to be registered in Illinois to do business in Illinois. The Division of Insurance is aware of this outfit and is currently investigating complaints. The agency that regulates "Producer" Licensing or "Insurance Agents" such as rieman, are also aware of rieman's activities (seems they work hand in hand with the Securities Dept.) and are investigating rieman's connection with this scam, especially after rieman admitted his connection to CHBA in his bankruptcy petition.

Just what is rieman's connection with CHBA? Is rieman just a sleazy insurance salesman selling it to more unsuspecting victims? Is he selling it to members of his new church - Riverside Community Church in St.Charles?

In his bankruptcy petition rieman declares as one of his incomes, $750 a month as Consulting Fee From NBC Marketing. Is the consulting fee really a sales commission and rieman is lying on his bankruptcy petition?

In Schedule B Personal Property of Debtor in the petition, rieman listed as owning the following:

3,000,000 Shares of NBC Marketing, Inc. stock
NBC's business address is NBC Marketing c/o/ Consumer Health Benefits John Schwartz
4875 Coconut Creek Pkwy Coconut Creek Florida 33063

In the column to list the current value, the answer is unknown. Rieman doesn't know the value of 3,000,000 shares of the stock he owns, or maybe he doesn't want to sell it to pay off his debts, which just happen to be $3,549,008.66?

Go to NBC's CHB's site to confirm the address: http://www.nbchealth.com/index.php?sid=c865c718c727f527f2aa501c0e75fbe9

If you have been sold this Health Care scam or know of anyone who has, you should call and file a complaint at:

Illinois Division of Insurance - Agent Regulation Section
Investigator Linda Crowder
217 782 6351

Agent Crowder is investigating rieman.
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