KANSAS CITY, KAN. – A Tennessee man was convicted for running a Ponzi scheme that victimized individuals across the country.
According to court documents, Alcides Roman, 66, of Lebanon, Tennessee, pleaded guilty to one count of wire fraud.
While operating Remain in Control LLC, Roman defrauded a victim in Overland Park, Kansas, after offering investment opportunities and attractive returns.
Click here if you believe you have been victimized by this defendant or call the Federal Bureau of Investigation by calling 816-512-8200
From June 2020 to October 2020, the victim made multiple wire transfers into Roman’s company bank account and subsequently received “returns” that were in reality partial amounts from the victim’s own investment funds. When the victim stopped receiving payments and inquired, Roman made excuses and sought to lull the victim into a false sense of security.
Other victims of Roman’s investment fraud scheme included individuals in New York, New York, Houston, Texas, and Richmond Hill, Ontario, Canada.
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.