Alcides Roman, $1 Million Investment Scheme, Kansas 2024

KANSAS CITY, KAN. – A federal grand jury in Kansas City, Kansas, returned an indictment charging a Tennessee man with defrauding investors out of more than $1 million.

Alcides Roman, 65, of Lebanon, Tennessee, is charged with eight counts of wire fraud and four counts of money laundering. Roman did business through Remain In Control, a Tennessee company. He allegedly obtained victims’ funds under false pretenses, failed to invest their money as promised, and misappropriated investment funds for his own and others’ benefit without the victims’ knowledge or consent.

According to court documents, Roman solicited individuals to invest in high-yield investment programs offered through his company. He allegedly made false promises to his victims, leading them to believe their money was being invested safely and securely. However, Roman used the funds for personal gain and to benefit others, rather than using them for their intended purpose.

The Federal Bureau of Investigation (FBI) is investigating the case. Assistant U.S. Attorney Ryan Huschka is prosecuting the case. Roman made his initial court appearance before a U.S. Magistrate Judge in the U.S. District Court for the Middle District of Tennessee. He is scheduled to appear before U.S. Magistrate Judge Teresa J. James of the District of Kansas at 1:30 p.m. on August 9, 2024.

It is essential to note that an indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law. The indictment charges Roman with defrauding investors out of over $1 million, which is a serious crime that can result in severe penalties.

The investigation into Roman's activities is ongoing, and it is unclear at this time how many victims there are or how much money was actually lost. However, it is clear that Roman's actions were deceptive and caused significant harm to those who trusted him with their investments.

As the case moves forward, it will be crucial to monitor the developments and see how Roman is ultimately held accountable for his actions. The public should remain vigilant and report any suspicious activity to the authorities.

The defendant’s full name is: Alcides Roman. He is charged with eight counts of wire fraud and four counts of money laundering. The city and state are Kansas City, Kansas. The exact date is not specified, but he is scheduled to appear in court on August 9, 2024. The dollar amount involved is over $1 million. No sentence or outcome has been announced as of yet.

Source: https://www.justice.gov/usao-ks/pr/tennessee-man-indicted-1-million-investment-scheme