Former CEO Sentenced to 8 Years in Prison for Fraud Scheme

Kris Roglieri's lavish lifestyle funded by defrauding investors comes to an end

Apr. 3, 2026 at 5:50pm

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Kris Roglieri, the former CEO of Prime Capital Ventures, was sentenced to 8 years in federal prison for a wire fraud conspiracy that fleeced investors out of millions of dollars. Roglieri used the money to fund a luxurious lifestyle, including a mansion, sports car collection, and expensive watches, before his company collapsed in bankruptcy.

Why it matters

This case highlights the growing problem of white-collar crime and the need for stronger oversight and accountability in the financial industry. Roglieri's fraud scheme not only harmed individual investors, but also damaged the reputation of the broader commercial lending sector.

The details

Roglieri pleaded guilty to one count of wire fraud conspiracy in November 2025. Prosecutors say he took $55 million from clients, using the money to pay for personal expenses like a $100,000 family trip to Anguilla and an $84,000 gold Rolex watch, instead of delivering on the promised $100 million loan for a commercial egg facility in Minnesota. The investors, like other Prime Capital Ventures customers, never got their deposits back.

  • In late 2023, creditors started suing Prime Capital Ventures, leading to the company's collapse.
  • In May 2024, Roglieri was arrested on a wire fraud charge and jailed after allegedly threatening an FBI agent.
  • In November 2025, Roglieri pleaded guilty to one count of wire fraud conspiracy.
  • On April 3, 2026, Roglieri was sentenced to 8 years in federal prison.

The players

Kris Roglieri

The former CEO of Prime Capital Ventures, who was sentenced to 8 years in federal prison for a wire fraud conspiracy that defrauded investors.

Prime Capital Ventures

The now-defunct commercial real estate fund founded by Roglieri, which collapsed into bankruptcy after defrauding investors.

U.S. District Court Judge Mae D'Agostino

The judge who sentenced Roglieri to 8 years in prison for his wire fraud conviction.

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What they’re saying

“The luxury gararge inside Kris Roglieri's mansion in Queensbury. The home was later sold for $1.6 million to help pay off bankruptcy debts tied to the collapse of is company Prime Capital Ventures.”

— Davies-Davies & Associates Real Estate

What’s next

The U.S. Marshals will soon transfer Roglieri to the federal prison system, where he will serve out his 8-year sentence.

The takeaway

This case highlights the need for stronger oversight and accountability in the financial industry to prevent white-collar criminals from defrauding investors and using their ill-gotten gains to fund lavish lifestyles at the expense of their victims.