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. 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.