After years of fraud, Roddy Ranch in Antioch to be put out to pasture - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 7, 2017 Newswires
Share
Share
Post
Email

After years of fraud, Roddy Ranch in Antioch to be put out to pasture

Contra Costa Times (Walnut Creek, CA)

Dec. 07--ANTIOCH -- The former general manager of Roddy Ranch Golf Club will serve jail time after pleading guilty on Friday to theft that became the last nail in the coffin for the golf club.

Kevin Robert Fitzgerald, 46, pleaded guilty to grand theft of personal property with an enhancement, and insurance fraud.

According to court documents, Fitzgerald stole over $326,000 from owner Jack Roddy, Figtree Financing and the Commercial PACE Loan Program, which finances solar panel installation. Fitzgerald and a co-conspirator pocketed some of the money, paid some of the bills related to the golf club and then broke several of the club's solar panels, lied to police that 300 panels were stolen, then filed a fraudulent insurance claim.

Fitzgerald agreed to the terms of a plea deal in which he will serve three years in county prison, three years of probation and will give a full disclosure interview with the district attorney's investigators as to the alleged crimes of his co-conspirator, contractor Mark Mattson.

At times, Fitzgerald alleged that he defrauded the business in an effort to save it and also claimed he had a drug problem, but investigators didn't see any evidence of this.

"He was clearly mismanaging the money and the golf course, and kept telling Jack and other investors they were making money, but those books were wrong," said Deputy District Attorney Dodie Katague. "The cost was real and the golf club was shut down from the amount of loss."

Roddy Ranch Golf Course was closed in the summer of 2016 and Touchstone Golf, the Texas-based operators of the club, claimed it was due to rising water costs. Approximately 25 people lost their jobs.

It wasn't the first time Jack Roddy, an 80-year-old former rodeo star and rancher, had been taken in by a fraud artist. In 1998, Roddy and partner Wayne Pierce financed the course and 1,000 luxury homes on the property through Alameda-based broker David Fitzgerald, who is apparently not related to Kevin Fitzgerald. David Fitzgerald sold $35 million in municipal bonds to finance the project.

In 2001, the ranch defaulted on its bond payments. The next year, Fitzgerald paid $300,000 to settle securities fraud charges after the Securities and Exchange Commission alleged he intentionally misled investors in a planned community that had no roads or homes.

Four months later, in July of 2002, Roddy Ranch filed for bankruptcy.

Although Kevin Fitzgerald claimed in his sentencing that he was attempting to save the business, Roddy was on the hook for most of the loans.

"Roddy backed all the loans, put up his house, his reputation, his property," Katague said. "He took advantage of a position of trust. Jack Roddy treated him like a son and it was well-known (Roddy) would leave everything to Kevin after he passed away."

In 2014, the East Bay Regional Park District purchased the ranch land surrounding Roddy's home and golf course for $14.2 million. In October, the board closed escrow on the 40-acre home ranch for $1.5 million. On Nov. 21, the board also authorized purchase of the 230-acre golf course for $1.9 million.

"That's a huge win for the district. The golf course is almost a ready-made facility for a park and it saves a huge amount of time in delivering that park to East Bay residents," said Dave Mason, public information officer for EBRPD.

All of these properties put together will form the "donut hole" of the much larger Deer Valley Regional Park, which will serve as a critical wildlife corridor.

As part of the purchase, Roddy requested to lease back his home for five years with an option to extend for another five years.

"It's a win-win for us all," said Liz Musbach, EBRPD's land acquisition manager. "The Roddys are impeccable stewards of their property and are a grazing tenant and we don't have immediate plans for the ranch. They love the land and keep eyes and ears out for us in the area."

Roddy grew up ranching on a family farm in San Jose and purchased the Roddy Ranch in 1976. Over the years, ranching became less of a cash cow and Roddy partnered with investors in the late 1990s to develop the land. Roddy always described himself as a "rancher, not a developer," though, and felt he was thrust into building plans over the years.

After the investors and managers have come and gone, Roddy will now return to his roots as a rancher.

___

(c)2017 the Contra Costa Times (Walnut Creek, Calif.)

Visit the Contra Costa Times (Walnut Creek, Calif.) at www.eastbaytimes.com

Distributed by Tribune Content Agency, LLC.

Older

Alliant’s Brenna Melvin Named One of 2017’s Women to Watch by Business Insurance

Newer

Lockton St. Louis Grows Employee Benefits Business with Duo Team

Advisor News

  • Rising healthcare costs impact 401(k) accounts
  • What advisors think about pooled employer plans, alternative investments
  • AI, stablecoins and private market expansion may reshape financial services by 2030
  • Cheers to summer, and planning for what comes next
  • Why seniors fear spending their own retirement wealth
More Advisor News

Annuity News

  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
  • Prismic Life Announces Completion of Oversubscribed Capital Raise
  • Guaranteed income streams help preserve assets later in retirement
  • MassMutual turns 175, Marking Generations of Delivering on its Commitments
More Annuity News

Health/Employee Benefits News

  • Providence insurance exit: What the health plan shutdown means for Oregonians
  • Study Results from University of California Los Angeles (UCLA) Update Understanding of Managed Care (Centering Undocumented Immigrants: a Cross-sectional Study of Sexual and Reproductive Health of Undocumented Asian and Latinx Immigrants In …): Managed Care
  • Hawaii's fight against Medicaid fraud plagued for over a decade
  • SEN. POORE EXPANDS COVERAGE FOR MENOPAUSE AND PERIMENOPAUSE CARE
  • PA HOUSE FINANCE COMMITTEE ADDRESSES HEALTHCARE ACCESS AND AFFORDABILITY FOR WORKING PENNSYLVANIANS
More Health/Employee Benefits News

Life Insurance News

  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • Symetra Wins 2026 Shorty Award for ‘Plan Well, Play Well’ Social Media Campaign with Sue Bird
  • Rehabilitator: PHL Variable liquidation payouts could exceed guaranty caps
  • Fitch Ratings revises EquiTrust’s outlook to Negative
  • AI, stablecoins and private market expansion may reshape financial services by 2030
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet