Like Dave of Naperville, my family was also ripped-off by Roderick James Rieman and his company Innovative Financial Services. Rieman is the master of illegal get rich schemes.
Rieman is a Affinity Scam Artist using his church to gain the confidenceof senior citizens. He offers his services as a financial advisor when in reality he is an insurance salesman, not a licensed advisor. Gaining the seniors' trust, Rieman finds out how much is in their retirement savings and IRAs, and convinces them that they could realize greater returns in the
investments he represents. The problem is that the investments he sells are illegal, and usually not registered with the state of Illinois.
What he sells is a Ponzi scam that promises a big return. These scams have confusing and complicated contracts, usually tie up the invested funds for
three years or more, and contain extreme penalties for cashing out early. No honest person would commit a senior's money like this, unless (perhaps) he
hopes that his clients/victims will die before the scams are exposed.
Rieman is paid a nice commission from the Ponzi scams, while his clients/victims not only lose their retirement funds, they often face tax consequences because of their IRA disbursements. A legitimate financial advisor would not tie up ANY investor's funds in scams like these.
Mr. Rieman's commissions from the Ponzi scams, and other sales, enabled him to purchase a million dollar house ($1,004, 878.00) in St. Charles (Sept. 2004). His clients/victims have not been as fortunate.
In Dave of Napervilles case, The U.S. Securities and Exchange Commission has determined that the Douglas Network Enterprise is a security and is a Ponzi scam. They have initiated a legal process against the
principle owners of the enterprise, and I suggest you go to http://www.sec. Gov then under litigation releases, enter LR-19640.
In Illinois one must be licensed to sell securities. Rieman DOES NOT HAVE a license nor did he ever have a license to sell securities or any of the investment scams he offered to sell through his Innovative Financial
Services network. That said, he does have a leadership roll at his church, and in his role he convinced my parents that their retirement money could earn high returns by placing it with the Innovative Financial Services team. My parents lost all of their retirement funds by listening to this Christian man. There are many synonyms for the word despicable, and they all
accurately describe Roderick James Rieman.
I suggest that anyone who deals with, and subsequently loses hard earned retirement money through the offices of Mr. Rieman, call the Illinois Securities Dept at 1-800 628 7937 (toll free). Ask for the Enforcement
Section, and give the Enforcement Officer Mr. Rieman's name believe me, they know all about him.
One last thought about Riemans ability to give financial advice. If he is skilled in the world of financial advice, why did he have a Federal Tax Lien
($96,507) placed on his home in Naperville for failure to pay 1040 taxes in 1999 and 2000? The Lien was in force from 10 through 3, presumably
retired in March/ April. Perhaps some of Dave of Naperville's hard earned retirement money helped Mr. Rieman eliminate his Lien.
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