Fraud Friday: Kris Roglieri to be Sentenced Today, Victims Go Bankrupt – Retirement Savings Wiped Out

April 3, 2026

Bob Coleman
Founder & Publisher

Fraud Friday: Kris Roglieri to be Sentenced Today, Victims Go Bankrupt – Retirement Savings Wiped Out

Sentencing will be held this morning in an Albany federal courtroom for Kris Roglieri, the CEO of Prime Capital Ventures, who orchestrated a $55 million fraud scheme by falsely marketing his company as a source of large commercial loans through supposed third-party funding.

He convinced small-business borrowers to pay large upfront “due diligence” and reserve fees—often tens of thousands of dollars each—by promising that those funds would either secure financing or be refunded. In reality, the loans never existed. Instead, Roglieri used incoming client money to pay earlier clients and fund a lavish lifestyle that included private jet travel, a private garage man-cave to store his luxury vehicles, Andy Warhol art, and multimillion-dollar high-end watches.

Prosecutors are seeking 10 years, while his defense argues for a shorter term of 4–6 years.

Victim statements are sealed pending sentencing, but the following snippets from the prosecutor’s sentencing memorandum reveal the total emotional and financial horror experienced by the victims as  U.S. Attorney Joshua Rosenthal argues for a lengthy prison term for Roglieri.

Victim Statements

“my real estate business went bankrupt” 

“I have liquidated all my retirement accounts, investment accounts, and sold off my real estate to reduce down my financial obligations outstanding”

“I have had to postpone retirement indefinitely and continue working in high-stress environments to manage the obligations resulting from this crime.”

“Now preparing to reorganize under Chapter 11 bankruptcy, a step we view as an unavoidable consequence of the financial devastation caused by this fraud

“Our credit has been severely and permanently damaged, limiting our ability to obtain financing, housing, and reasonable credit terms” 

Sentencing Update: 8 years; Same prison as Gotti (USP Marion, Illiniois)
https://www.timesunion.com/business/article/roglieri-s-life-luxury-leads-federal-prison-22186055.php