A Tennessee man has admitted to operating a Ponzi scheme that affected victims nationwide. Alcides Roman, 66, from Lebanon, Tennessee, pleaded guilty to one count of wire fraud in court documents.
Roman ran Remain in Control LLC and deceived a victim in Overland Park, Kansas by promising investment opportunities with attractive returns. Between June 2020 and October 2020, the victim made several wire transfers to Roman's company account. The "returns" received were partial amounts of the victim’s own investments. When payments ceased and inquiries were made, Roman offered excuses to maintain the victim's trust.
Other victims of Roman's fraudulent activities resided in New York City; Houston, Texas; and Richmond Hill, Ontario, Canada. The total known loss from identified victims is $1,977,857.88.
Roman used the funds for personal expenses such as buying vehicles and land, transferring money to various companies both foreign and domestic, and making fake "returns" to other investors.
He is set for sentencing on June 26, 2025. He could face up to 20 years in prison.
The Federal Bureau of Investigation (FBI) is handling the investigation. Assistant U.S. Attorney Ryan Huschka is prosecuting the case.
Victims who believe they have been affected by this defendant are encouraged to contact the FBI at 816-512-8200 or visit https://tips.fbi.gov/home.