FBI Offers $150,000 Reward for Rodney Dean Allen in KA Investments Fraud Case
FBI Seeks Rodney Dean Allen
The FBI is offering a reward of up to $150,000 for information leading to the arrest and conviction of Rodney Dean Allen, an investment adviser wanted on a federal wire fraud charge. Allen is accused of operating a scheme through KA Investments, LLC, in which clients were given false information about the performance of their investments while their money was allegedly misappropriated. Allen has been missing since April 20, 2017, and his whereabouts remain unknown.
KA Investments Fraud Allegations
According to the FBI, Allen allegedly devised a scheme between approximately 2016 and 2017 to defraud clients of KA Investments, LLC. Investigators accuse him of obtaining clients' money through false representations and promises before misappropriating their funds. Clients allegedly received monthly statements that made their investments appear considerably more successful than they actually were.
The FBI provides one example involving a November 2016 account statement. Allen allegedly represented that a client's account had earned 1.903% during the month when the account had actually lost 36.01%. The substantial difference between the reported gain and actual loss illustrates the investment-performance misrepresentations at the center of the federal case.
Only photograph currently available.
Client Money Allegedly Misappropriated
Allen also allegedly told KA Investments clients that he collected commissions ranging between 14% and 18% of investment profits. According to the FBI, he instead misappropriated client deposits for his personal use regardless of whether the investments generated a profit or loss. Authorities further allege that the percentage of client funds he took was greater than the commissions represented to investors.
The allegations eventually resulted in a federal wire fraud charge. On January 10, 2018, the U.S. District Court for the District of Idaho issued a federal arrest warrant for Allen. By that point, Allen had already been missing for several months.
Missing Since April 2017
Allen has been missing since April 20, 2017, according to the FBI. Despite the continuing federal fugitive investigation, his current location remains unknown. Information concerning where Allen traveled immediately before or after his disappearance could potentially help investigators reconstruct his movements.
Because nearly a decade has passed since his disappearance, Allen's appearance may have changed considerably. Former clients, business associates, acquaintances, or others who encountered him after April 2017 may possess information useful to investigators. Even historical information concerning his movements could potentially assist the investigation.
FBI Description of Rodney Dean Allen
The FBI lists Allen's date of birth as March 9, 1952, and his birthplace as Idaho. He is described as a white male with gray hair and brown eyes, approximately 6 feet tall and weighing around 185 pounds. The FBI lists his occupations as investment adviser, construction project manager, and cost estimator, and identifies “Rod Dean” as an alias.
The photograph displayed by the FBI was taken in 2011, making the Bureau's additional identifying information particularly important. His age and the amount of time that has passed mean his current appearance may differ substantially from the available photograph. Individuals who believe they recognize Allen should provide that information directly to authorities.
Caution Issued by FBI
The FBI states that Allen may be in possession of a handgun. Authorities also report that he may have suicidal tendencies. Anyone who believes they have located Allen should not approach or attempt to apprehend him.
Possible sightings should instead be reported immediately to law enforcement. Information concerning residences, vehicles, employment, associates, aliases, or other identifying details may also be useful. Investigators can evaluate the information and determine the appropriate response.
$150,000 Reward Offered
The FBI is offering a reward of up to $150,000 for information leading to Rodney Dean Allen's arrest and conviction. Anyone with information concerning his whereabouts can contact the FBI at 1-800-CALL-FBI (1-800-225-5324) or submit information through the Bureau's official online tip system. Information can also be provided through an FBI field office or, for individuals outside the United States, the nearest U.S. embassy or consulate.
