Prime Capital Ventures CEO Sentenced to 97 Months for Multimillion Dollar Wire Fraud Conspiracy

ALBANY, NEW YORK - Kris Roglieri, age 46, of Queensbury, New York, was sentenced to 97 months in prison for a wire fraud conspiracy committed in connection with the operation and collapse of his purported commercial lending business, Prime Capital Ventures, LLC.

First Assistant United States Attorney John A. Sarcone III and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office of the Federal Bureau of Investigation (FBI), made the announcement.

As part of his previously entered guilty plea, Roglieri admitted that he operated Prime Capital Ventures, LLC ("Prime Capital") and, between mid-2022 and January 2024, conspired with others to fraudulently obtain tens of millions of dollars from Prime Capital's clients. As part of the scheme, Roglieri falsely promoted Prime Capital as a lending business capable of making large commercial loans through third-party funding arrangements. Roglieri admitted that he and his co-conspirators deceived clients into sending Prime Capital tens of millions of dollars in payments based on false promises that the payments would allow Prime Capital to obtain these large loans and that the payments would be refunded if those loans did not materialize. Roglieri then used that money to repay or fund prior clients and on extravagant purchases for himself, including private jet travel, jewelry, and cars made by Ferrari, Porsche, Mercedes-Benz, and Maserati.

United States District Judge Mae A. D'Agostino also ordered a 3-year term of supervised release to follow Roglieri's release from prison as well as forfeiture of a $55,484,674.84 money judgment, twelve vehicles, eight watches, a Virginia Beach, Virginia mansion, and other property derived from the scheme. Restitution will be ordered at a later date.

First Assistant U.S. Attorney Sarcone stated: "Kris Roglieri callously deceived victims all over the country into trusting him with tens of millions of dollars under the false pretenses that he would secure funding for their projects. Instead of keeping that money safe and delivering on that funding, Roglieri turned around and spent it on exotic cars, rare watches, and private jet travel. Thanks to the hard work of the FBI and members of my office, Roglieri will forfeit those ill-gotten gains, swap his luxury suits for a jumpsuit, and get on the fast track to federal prison."

FBI Special Agent in Charge Tremaroli stated: "Today's sentence ensures Mr. Roglieri will not just forfeit his luxury belongings and lifestyle, but also his freedom. The FBI was committed to investigating this case to bring justice to the victims he brazenly stole from to build his wildly extravagant lifestyle. This case should send a strong message that the FBI is dedicated to working with our law enforcement partners to hold accountable anyone who uses illegal means to take advantage of hardworking Americans."

Two co-conspirators have also pled guilty in connection with this case. Kimberly Owen, a/k/a Kimberly "Kimmy" Humphrey, age 41, and her brother Christopher Snyder, age 45, both of Virginia Beach, have each pled guilty to a charge of wire fraud conspiracy. Both Owen and Snyder admitted to conspiring with each other and Roglieri to defraud Prime Capital clients. Snyder is scheduled to be sentenced on April 16, 2026, and Owen is scheduled to be sentenced on May 28, 2026.

The FBI investigated the case and Assistant U.S. Attorney Joshua R. Rosenthal prosecuted it.