(KANSAS CITY, Kan.) On Friday, July 26, 2024, the United States Department of Justice (DOJ) and the United States Attorney’s Office in the District of Kansas announced that a Tennessee man has been indicted for an alleged $1 million investment fraud scheme.
Alcides Roman, 65, from Lebanon, Tennessee, faces eight counts of wire fraud and four counts of money laundering, according to the DOJ.
Court documents reveal that Roman carried out this scheme through his business, Remain In Control, based in Tennessee.
The DOJ states, “Roman is accused of persuading individuals to invest in high-yield investment programs offered by his company. He allegedly secured the victims’ funds under false pretenses, failed to invest their money as promised, and used the funds for his own and others’ benefit without the victims’ knowledge or consent.”
Roman made his initial court appearance on July 26 before a U.S. Magistrate Judge at the United States District Court for the Middle District of Tennessee. He is scheduled to appear before U.S. Magistrate Judge Teresa J. James at the District of Kansas Court at 1:30 p.m. on August 9.
The FBI conducted the investigation, and Assistant U.S. Attorney Ryan Huschka is handling the prosecution.