KANSAS CITY, KAN. – A Tennessee man has been convicted of running a brazen Ponzi scheme that left a trail of financial devastation in its wake.
Alcides Roman, 66, of Lebanon, Tennessee, pleaded guilty to one count of wire fraud, according to court documents. The scheme, which was operated through Remain in Control LLC, targeted victims across the country, including one in Overland Park, Kansas.
From June 2020 to October 2020, the victim made multiple wire transfers into Roman’s company bank account, only to receive ‘returns’ that were actually partial amounts from their own investment funds. When the victim stopped receiving payments and inquired, Roman made excuses and sought to lull them into a false sense of security.
The total known loss, based on victims identified to date, is $1,977,857.88. Roman used funds from his schemes to pay for his personal living expenses, buy vehicles and land, send money to numerous foreign and domestic companies, and to make purported ‘returns’ to other victim investors.
Roman is scheduled to be sentenced on June 26, 2025, and faces a maximum penalty of 20 years in prison. The Federal Bureau of Investigation (FBI) is investigating the case.
Assistant U.S. Attorney Ryan Huschka is prosecuting the case. If you believe you have been victimized by this defendant, please contact the Federal Bureau of Investigation by calling 816-512-8200 or visiting https://tips.fbi.gov/home.
The FBI is urging anyone who may have been a victim of Roman’s investment scheme to come forward and report their losses. By working together, we can bring justice to those who have been victimized and prevent similar schemes from happening in the future.
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Key Facts
- State: Kansas
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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