RODNEY DEAN ALLEN

It is alleged that from approximately 2016 to approximately 2017, Rodney Dean Allen devised a scheme to defraud clients of his brokerage company, KA Investments, LLC, obtain their money by false pretenses and promises, and misappropriate their money.  Additionally, Allen allegedly misrepresented in monthly statements provided to clients that they were earning positive returns on investments, when in fact, clients were earning negative returns on investments.  For instance, on December 6, 2016, Allen allegedly emailed a November 2016 monthly statement to a client.  In the statement, Allen represented that the client’s account had earned 1.903 percent that month.  In reality, the client’s account had lost 36.01 percent.   Furthermore, Allen allegedly misrepresented to clients of KA Investments, LLC that he was taking between a 14-percent and 18-percent commission on investment profits.  In truth, he was misappropriating client deposits for his personal use, regardless of profit or loss, and at a greater percentage.

Allen may be in possession of a handgun. He may also have suicidal tendencies.