Idaho Broker Goes Missing: Investors Who Were DeFrauded May Reclaim Their Losses

AdobeStock_1800313-1-300x204Former broker Rodney Allen, a Boise, Idaho man, and sole owner and president of KA Investments Inc., allegedly stole $1.1 million from investors. The Idaho Department of Finance alleged that his company was not certified and that he made questionable payments to investors. An Idaho bankruptcy judge froze Allen’s bank accounts and approved a petition that ordered him and KA Investments to turn over any income tax returns and any related funds. Allen disappeared in April of this year, and the judge ordered another freeze on a TD Ameritrade account under his name. Allen was alleged to have orchestrated a ponzi scheme that took the $1.1 million from investors. Around 20 investors were involved. If you or someone you know invested money with Mr. Allen, you may be able to recover your losses in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Please call 312-332-4200 to find out how. The call is free. We are securities attorneys who help investors recover their losses.

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