An investment advisor from California has been charged with wire fraud in a federal court in Chicago. Jordan Roman, 47, of Rancho Park, California, is accused of defrauding a client from suburban Chicago out of approximately $500,000. The criminal information was filed on Wednesday in the U.S. District Court in Chicago.
Roman operated the Illinois-based Drumstick Timpani Fund L.P., through which he solicited and obtained funds from clients. According to the charges, between 2012 and 2024, Roman misrepresented the intended use of an investor's funds and falsely claimed high performance and value for the investments. It is alleged that Roman used some of these funds for personal expenses such as utility and credit card bills.
To conceal his actions, Roman allegedly created false account statements and tax forms that inflated the victim’s investment value.
The charges were announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, alongside Douglas S. DePodesta, Special Agent-in-Charge of the FBI's Chicago Field Office. Assistant U.S. Attorneys Jared Hasten and Paige Nutini are representing the government.
The public is reminded that an information is not evidence of guilt; Roman is presumed innocent until proven guilty beyond a reasonable doubt at trial.
