Investment Advisor Jordan Roman Gets Time Served, Must Repay $500,000 to Suburban Chicago Client

Case from 2025–2026 (U.S. Attorney's Office release: May 30, 2025; later developments are from court records and other sources cited below). Published on Scammers.com Oct. 16, 2026; case status is current as of that date.

Jordan Roman, 47, of Rancho Park, California, an investment advisor who ran Illinois-based Drumstick Timpani Fund L.P., was sentenced on Jan. 28, 2026, after pleading guilty to wire fraud for defrauding a suburban Chicago client out of about $500,000, according to federal court records [2]. The judgment orders one day in custody, considered already served, three years of supervised release that includes four months in a community corrections facility, and $500,000 in restitution.

The U.S. Attorney's Office for the Northern District of Illinois announced the charge on May 30, 2025 [1]. We found no later press release on the plea or sentence.

How the scheme worked

According to the criminal information as summarized by prosecutors [1]:

1. The fund: Roman solicited money from clients through Drumstick Timpani Fund L.P.
2. False claims: From 2012 to 2024, he obtained money from an investor in a Chicago suburb by misrepresenting how it would be used and boasting falsely about its performance and value.
3. Personal bills: He told the investor he would invest the money for the investor, while knowing some would pay his own utility and credit card bills.
4. Fake paperwork: He hid the misuse with bogus account statements and tax forms showing the investment was worth more than it was.

The government's sentencing memo says the client invested $500,000 in February 2017, and Roman began using part of it on personal debts almost immediately. It also says he kept misstating the value from 2018 to 2023, including in a March 2023 email [3]. Prosecutors had asked for 21 months in prison.

The person sentenced

Jordan Roman, 47, Rancho Park, Calif. [1]

• Court: U.S. District Court for the Northern District of Illinois, No. 1:25-cr-00283, before U.S. District Judge Martha M. Pacold [2].
• Charge: one count of wire fraud, filed by information May 28, 2025.
• Plea: guilty to the single count.
• Sentence (Jan. 28, 2026): one day, time considered served; three years' supervised release including four months of community confinement; $500,000 restitution; $100 special assessment.
• Prosecution: Assistant U.S. Attorneys Jared Hasten and Paige Nutini; investigated by the FBI Chicago Field Office.

Red flags

• Statements and tax forms produced by the manager's own small fund with no independent administrator or auditor.
• A long relationship with steadily "rising" values but no way to withdraw easily.
• Vague answers when you ask exactly what your money is invested in.

What to do if you're targeted

1. Ask who the fund's custodian, administrator and auditor are, and contact them yourself.
2. Check registration at adviserinfo.sec.gov.
3. Report concerns to the SEC at sec.gov/tcr and the FBI at ic3.gov.

Case status (as of Oct. 16, 2026)

Defendant	Court	Status as of Oct. 16, 2026	Source
Jordan Roman, 47, Rancho Park, Calif.	N.D. Ill., No. 1:25-cr-00283 (Judge Pacold)	Pleaded guilty to wire fraud; sentenced Jan. 28, 2026, to time served (1 day), 3 years' supervised release with 4 months' community confinement, and $500,000 restitution	[1], [2]

Sources

1. U.S. Attorney's Office, Northern District of Illinois, "Investment Advisor Charged in Federal Court With Defrauding Client," May 30, 2025. https://www.justice.gov/usao-ndil/pr/investment-advisor-charged-federal-court-defrauding-client
2. Judgment in a Criminal Case, United States v. Jordan Roman, No. 1:25-cr-00283 (N.D. Ill. Jan. 28, 2026), via CourtListener RECAP. https://storage.courtlistener.com/recap/gov.uscourts.ilnd.478872/gov.uscourts.ilnd.478872.27.0.pdf
3. Government's Sentencing Memorandum, United States v. Jordan Roman (N.D. Ill. Nov. 25, 2025), via CourtListener RECAP. https://storage.courtlistener.com/recap/gov.uscourts.ilnd.478872/gov.uscourts.ilnd.478872.22.0.pdf

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