Prime Capital Ventures owner indicted for wire fraud conspiracy
Video features NEWS10’s original coverage from September 2024.
ALBANY, N.Y. (NEWS10) -- The U.S. Attorney's Office announced that Kris Roglieri, the former owner of Prime Capital Ventures, was indicted on a wire fraud conspiracy charge on Thursday in connection to the operation and closure of the commercial lending business. The 45-year-old Queensbury man was previously indicted on five counts of wire fraud.
The new superseding indictment alleges that Roglieri conspired with partners to fraudulently acquire millions of dollars from Prime Capital clients between March 2022 and January 2024. Christopher Snyder, the business's former chief operating officer, and his sister, Kimberly Owen, also known as Kimberly "Kimmy" Humphrey, both pleaded guilty for their role in the fraud conspiracy.
Roglieri is further accused of defrauding businesses through Prime Capital funding and using payments for personal luxury purchases, reportedly including multiple Ferraris and Mercedes Benzes, two Richard Mille watches, six Rolex watches, and a multi-million-dollar residential property in Virginia Beach. All of the items have since been seized or secured by government agencies.
"As alleged, Kris Roglieri perpetrated a massive fraudulent scheme against clients across the country that came to Prime Capital Ventures for loans to fund their business projects. Instead of giving these clients legitimate loans, Roglieri gave them lies, and spent millions of dollars on his made-for-Instagram extravagant lifestyle," U.S. Attorney John Sarcone III stated. "He spent millions on exotic vehicles and watches, and on private international jet travel, including a vacation to Anguilla that he took as Prime Capital was in bankruptcy proceedings and with the company’s creditors beset with confusion, anger and grief. But today’s indictment shows that these crimes ultimately did not pay for Roglieri, as he now faces the prospect of many years in prison."
"Today's indictment illustrates the staggering depth of the alleged fraud committed by Mr. Roglieri. The FBI takes very seriously our responsibility to investigate and pursue those who commit fraud for personal gain," FBI Special Agent in Charge Craig Tremaroli said. "We will continue working with our law enforcement partners to hold accountable those who use illegal means and criminal behavior to take advantage of others."
Roglieri, who remains in custody after being arrested on May 31, 2024, faces up to 20 years in prison if convicted. His trial is scheduled to begin on January 5, 2026.