Tennessee Man Indicted for Defrauding Investors of Over $1 Million
A federal grand jury in Kansas City, Kansas, has indicted Alcides Roman, 65, of Lebanon, Tennessee, on charges of defrauding investors of more than $1 million. Roman faces eight counts of wire fraud and four counts of money laundering.
Details of the Fraud Scheme
According to court documents, Roman operated through Remain In Control, a Tennessee-based company. He is accused of soliciting individuals to invest in high-yield investment programs purportedly offered by his company. Roman allegedly obtained funds from victims under false pretenses, failed to invest the money as promised, and misappropriated investment funds for personal and other unauthorized uses without the victims' knowledge or consent.
Legal Proceedings
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 in the District of Kansas at 1:30 p.m. on August 9, 2024.
The Federal Bureau of Investigation (FBI) is leading the investigation, and Assistant U.S. Attorney Ryan Huschka is prosecuting the case.
Presumption of Innocence
An indictment is merely an allegation, and all defendants, including Roman, are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
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