On Tuesday, December 13, Las Vegas Metro police arrested Rodney Buckle, 65, on a warrant for several fraud-related charges, including securities fraud and theft, records showed. LVMPD/KLAS
According to prosecutors, Buckle ran a Ponzi scheme where he promised to invest money in the stock market but instead used it to gamble at casinos. As a result, he defrauded investors of millions of dollars.
Clark County District Court Judge Jasmin Lilly Spells sentenced Buckle, 66, on Thursday to one year in the Clark County Detention Center. He must also pay $283,000 in restitution to his victims. The 8 News Now Investigators first reported on Buckle’s arrest in 2022.
Buckle operated businesses under the names “Rodd United,” “Rodd U,” and “Rodd One,” claiming to be a life coach and financial advisor. However, investigators from the Nevada Secretary of State’s Office discovered that he was not licensed by the state or federal government. Documents show that his business was located near Flamingo Road and Arville Street.
One online post described Buckle’s business, known as Rodd University, as a “membership-based social club” that discussed topics such as current events and the stock market. However, it was revealed that Buckle was using this platform to scam individuals out of their money. The 8 News Now Investigators obtained documents that showed Buckle’s fraudulent activities.
This is not the first time a scam involving investments has been uncovered. In 2021, a San Diego man was arrested for an alleged Ponzi scheme that defrauded investors of millions of dollars. Local farm supply stores were also targeted by a credit card scam, resulting in financial losses for both the stores and their customers.
In another case, an ex-White House scientist was scammed out of $650,000 and was required to pay taxes on the fraudulent earnings. Police have been cracking down on online courier scams, with 14 individuals arrested in connection to such scams.
It is important for individuals to be cautious and do thorough research before investing their money. Scammers often use false promises and unlicensed businesses to lure in victims. It is also crucial for authorities to continue to monitor and take action against fraudulent activities in order to protect the public.