Prime Capital Ventures CEO Pleads Guilty to Multimillion Dollar Wire Fraud Conspiracy

ALBANY, NEW YORK – Kris Roglieri, age 45, of Queensbury, New York, pled guilty today to wire fraud conspiracy in connection with the operation and collapse of his purported commercial lending business, Prime Capital Ventures, LLC.

Acting 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 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 and jewelry.

Acting U.S. Attorney Sarcone stated: “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.”

FBI Special Agent in Charge Tremaroli 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 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. Owen is scheduled to be sentenced on January 15, 2026, and Snyder is scheduled to be sentenced on January 16, 2025.

Roglieri has been in custody since his arrest on a criminal complaint on May 31, 2024.

At sentencing on March 11, 2026 before United States District Judge Mae A. D’Agostino, Roglieri faces up to 20 years in prison, a fine of up to $250,000, and a term of supervised release of up to 3 years. He will also have to pay restitution to his victims and forfeit property that he obtained as proceeds of this offense. As part of his plea agreement with the government, Roglieri agreed to consent to entry of an order directing forfeiture of over $55 million, a dozen luxury vehicles, six Rolex watches, two Richard Mille watches, and a Virigina Beach mansion that was purchased as part of the scheme.

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

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