Related Federal Cases
- Mark Thompson, Wire Fraud and Conspiracy, New York NY, 2023 · New York
- Todd Faustin, Workers’ Compensation Fraud, New York NY, 2023 · New York
- Sark Wire Corporation, PPP Fraud, Albany NY, 2023 · Pennsylvania
- Sark Wire Corporation, PPP Loan Fraud, Albany NY, 2020 · New York
- Kenneth Thom, Investment Adviser Fraud, New York NY, 2026 · New York
Defendant Indicted for Massive Wire Fraud Scheme
ALBANY, NEW YORK – In a shocking turn of events, Kris Roglieri, age 45, of Queensbury, New York, has been indicted on a wire fraud conspiracy charge in connection with the operation and collapse of his purported commercial lending business, Prime Capital Ventures, LLC.
Roglieri had been previously indicted on five counts of wire fraud, and yesterday’s superseding indictment added a wire fraud conspiracy charge and seeks the forfeiture of millions of dollars’ worth of vehicles, watches and real estate that Roglieri purchased as part of his fraudulent scheme.
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.
According to the superseding indictment, Roglieri operated Prime Capital Ventures, LLC (“Prime Capital”) and, between March 2022 and January 2024, conspired with others to fraudulently obtain tens of millions of dollars from Prime Capital’s clients.
The indictment alleges that Roglieri and his co-conspirators fraudulently promoted Prime Capital as a lending business capable of making large commercial loans, and deceived clients into sending Prime Capital “Interest Credit Account” (or “ICA”) payments based on false promises that these payments would allow Prime Capital to make these large loans and that the ICA payments would be refunded if those loans did not materialize.
United States Attorney John A. Sarcone III said: “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. 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.”
FBI Special Agent in Charge Craig L. Tremaroli stated: “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. 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.”
The charges in the superseding indictment are merely accusations. The defendant is presumed innocent unless and until proven guilty.
Key Facts
- State: New York
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
