CHICAGO – Federal fraud charges were brought against a man from Batavia this week for reportedly scamming clients by asking them to invest in business opportunities that didn’t exist.
Ralph Rogers III, 62, who is also known as “Tres Rogers,” is charged with six counts of wire theft.
Rogers is being charged with pretending to be an entrepreneur and financial advisor from 2021 to 2023. The charges were made public on Tuesday in the U.S. District Court in Chicago.
He is said to have persuaded several people to put money into businesses like installing fiber optic cables, copper pipes, a fitness recovery studio, and materials for making car parts.
Rogers is accused of not investing the money but instead spending it on things like trips, jewelry, clothes, and gym memberships.
What’s next?
The date for Rogers’s appearance in federal court has not been set yet. Along with Assistant U.S. Attorney Kristin Pinkston, who is in charge of the case, the FBI’s Chicago Field Office is in charge of the investigation.
The Source
This article’s information came from the U.S. Attorney’s Office for the Northern District of Illinois.
