Ralph Rogers III Indicted for Wire Fraud; Allegedly Swindled Clients with Fake Investments
300+ Words Refined into 3 Facts by AI • 1 source • 21m ago
Ralph Rogers III, 62, of Batavia, was indicted on six counts of wire fraud for allegedly soliciting clients to invest in fake business opportunities.1
From 2021 to 2023, Rogers is accused of presenting himself as an investment advisor, convincing clients to invest in ventures like fiber optic cable installation and a fitness recovery studio.1
Instead of investing the funds, Rogers allegedly used the money for personal expenses, including travel, jewelry, and gym fees.1
The case is being prosecuted by Assistant U.S. Attorney Kristin Pinkston, with the FBI’s Chicago Field Office leading the investigation.2
Ralph Rogers III, 62, of Batavia, was indicted on six counts of wire fraud for soliciting clients to invest in fake business opportunities.
From 2021 to 2023, Rogers allegedly posed as an investment advisor, convincing clients to invest in ventures like fiber optic cable installation and a fitness recovery studio.
Instead of investing the funds, he allegedly used the money for personal expenses, including travel, jewelry, and gym fees.
300+ Words Refined into 3 Facts by AI • 1 source • 21m ago