Another Company, Another $5 Million, Another Roglieri Update – Fraud Friday

April 19, 2024

Delaney Sexton
Contributing Editor

Another Company, Another $5 Million, Another Roglieri Update – Fraud Friday

Yet another client of Prime Capital Ventures is filing a complaint against Kris Roglieri. Roglieri has been relentlessly hit with accusations, raids, and lawsuits since the start of 2024. The company has come forward with similar allegations to the numerous other complaints against Roglieri.

In the most recent update, 1800 Park Avenue LLC filed an adversary proceeding against Roglieri and his companies in the court where he is seeking Chapter 11 bankruptcy protection. An adversary proceeding allows a plaintiff to file a lawsuit and attempt to seek remedy after a party declares bankruptcy.

The company claims it sought $100 million to build an egg farm and was introduced to Roglieri’s company through a loan broker towards the end of 2023. On December 22, 2023, the company and its two principals sent a $5 million cash deposit to Roglieri. They were unaware that the deposit was sent only days after Prime Capital Ventures was forced into bankruptcy. They also did not know about the civil fraud litigation against Roglieri and his business entities.

Allegedly, Prime extended lines of credit to third parties and received millions of dollars in deposits. The deposits were supposed to be put in interest credit accounts, but that was not the case. According to the companies’ accusations, they received little to none of the line of credit or deposits.

The FBI raided his home twice, but there are no criminal charges related to fraud at this time. Roglieri has been charged with third degree possession of an assault weapon and third degree criminal possession of an ammunition feeding device.

Source:
Times Union Article

Read our previous reporting:
FBI Raids Kris Roglieri’s Home – February 13, 2024
$50 MILLION MISSING IN ROGLIERI FRAUD Says Trustee – February 14, 2024
Media from Kris Roglieri – February 15, 2024
The Cars, the Girls, and the Missing $52 Million – February 16, 2024
Roglieri Updates: $90 Million Missing, Owes $3 Million in Chapter 11 Bankruptcy Filing – February 21, 2024
Roglieri Update: Drugs and Guns Confiscated in FBI Raid – March 7, 2024
Kris Roglieri and Broward Sheriff’s Office Update! – March 15, 2024
Kris Roglieri Listed Under New York’s Top 250 Delinquent Taxpayers – March 18, 2024
COLEMAN REPORT EXCLUSIVE: Kris Roglieri Mugshot – March 19, 2024