An investment advisor from California is facing serious charges for defrauding a client in the Chicago suburbs of approximately $500,000, federal prosecutors have stated. Jordan Roman, a 47-year-old resident of Rancho Park, has been charged with wire fraud in a case that could land him up to two decades behind bars if he is convicted.
The U.S. Attorney's Office for the Northern District of Illinois released information that Roman, through his Illinois-based investment fund Drumstick Timpani Fund L.P., deceived an investor between 2012 and 2024. The charge accuses Roman of fabricating the true performance and value of the investment while he also embezzled the funds for personal expenses, including utility and credit card bills. Despite promises to invest the client's money, some of that money was funneled into Roman's own pockets.
Fake financial documents were part of Roman's strategy, allowing him to hide his fraud. He went as far as creating false account statements and tax forms to overstate the actual value of the victim's investment. This detail came directly from the announcement by U.S. Attorney Andrew S. Boutros and Special Agent-in-Charge Douglas S. DePodesta.
