Kris Roglieri, the chief executive officer of Prime Capital Ventures, LLC, has pleaded guilty to a wire fraud conspiracy that resulted in tens of millions of dollars in losses for clients. The announcement was made by Acting United States Attorney John A. Sarcone III and Craig L. Tremaroli, Special Agent in Charge of the FBI’s Albany Field Office.
According to court documents and statements made during the plea hearing, Roglieri admitted that between mid-2022 and January 2024, he conspired with others to obtain large sums from Prime Capital’s clients through false representations. He promoted his company as a commercial lending business capable of arranging large loans via third-party funding, promising refunds if those loans did not materialize. Instead, client payments were used to pay off previous clients or spent on personal luxury items such as private jet travel and jewelry.
Acting U.S. Attorney Sarcone said: “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 added: “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 other individuals involved in the conspiracy have also entered guilty pleas: Kimberly Owen (also known as Kimberly “Kimmy” Humphrey), 41, and her brother Christopher Snyder, 45, both from Virginia Beach. Both admitted their roles in defrauding Prime Capital clients; Owen is set for sentencing on January 15, 2026, while Snyder is scheduled for sentencing on January 16, 2025.
Roglieri has been held since his arrest on May 31, 2024.
He is scheduled for sentencing before United States District Judge Mae A. D’Agostino on March 11, 2026. He faces up to twenty years in prison along with a possible $250,000 fine and up to three years supervised release after serving time behind bars. In addition to restitution payments owed directly back toward victims harmed by these actions—and under terms agreed upon with federal prosecutors—Roglieri must also surrender over $55 million in assets including multiple luxury vehicles (a dozen), high-end watches (six Rolexes plus two Richard Mille), as well as a mansion located in Virginia Beach.
The investigation was conducted by the FBI with prosecution led by Assistant U.S. Attorney Joshua R. Rosenthal.
