Kris Roglieri, the CEO of Prime Capital Ventures, LLC, has pleaded guilty to wire fraud conspiracy in federal court in Albany, New York. The charges relate to a scheme that defrauded clients out of tens of millions of dollars between mid-2022 and January 2024.
According to the U.S. Attorney’s Office for the Northern District of New York, Roglieri admitted to falsely promoting Prime Capital as a commercial lending business capable of securing large loans through third-party funding. Clients were convinced to send substantial payments based on promises that these funds would secure loans or be refunded if the loans did not materialize. Instead, Roglieri used client money to pay off earlier clients and fund personal expenses, including private jet travel and jewelry.
Acting U.S. Attorney John A. Sarcone III commented: “Kris Roglieri brazenly flaunted the proceeds of his scheme—including luxury vehicles, rare watches, and private jet travel—all while feeding his victims bigger and bigger lies to fuel his greed to even greater heights. But the truth stopped him like a brick wall. All those trappings of wealth will be forfeited, and he will be ordered to make his victims whole. I applaud the FBI and the members of my office on this case for unraveling this devastating scheme and bringing its perpetrators to justice.”
Craig L. Tremaroli, Special Agent in Charge of the FBI’s Albany Field Office, stated: “Mr. Roglieri built his lavish lifestyle on the backs of hardworking Americans looking to fund their businesses. Today’s plea ensures he will pay the price for that disturbing deception and greed. The depth of his deceit was staggering, but the FBI was deeply committed to thoroughly investigating this case and bringing justice to the victims who continue to rebuild their lives. While Mr. Roglieri remains in prison, the FBI will continue to investigate and bring to justice those who commit fraud schemes to mislead innocent investors.”
Two co-conspirators have also pleaded guilty in connection with this case: Kimberly Owen (also known as Kimberly “Kimmy” Humphrey) and her brother Christopher Snyder, both from Virginia Beach. They admitted conspiring with Roglieri to defraud Prime Capital clients. Sentencing for Owen is set for January 15, 2026; Snyder will be sentenced on January 16, 2025.
Roglieri has been detained since his arrest on May 31, 2024.
At sentencing scheduled for March 11, 2026 before United States District Judge Mae A. D’Agostino, Roglieri faces up to 20 years in prison along with a fine up to $250,000 and up to three years supervised release. He must also pay restitution and forfeit assets acquired through the scheme—including over $55 million in funds, luxury vehicles, high-end watches such as Rolexes and Richard Mille models, as well as a mansion in Virginia Beach.
The investigation was conducted by the FBI; Assistant U.S. Attorney Joshua R. Rosenthal is prosecuting the case.
