Fraud Friday: Kris Roglieri’s Second in Command Gets 15 Month Sentence in $55 Million Loan Broker Fraud

April 24, 2026

Bob Coleman
Founder & Publisher

Fraud Friday: Kris Roglieri’s Second in Command Gets 15 Month Sentence in $55 Million Loan Broker Fraud

Christopher Snyder was the Chief Operating Officer of Prime Capital Ventures, second in command to Kris Roglieri.

Roglieri convinced small-business borrowers to pay large upfront due diligence and reserve fees by promising that those funds would secure financing or be refunded. The loans never existed. He used incoming client money to pay earlier clients, fund private jet travel and numerous luxury vehicles, and spend over $4 million on high-end watches, many antiques, and art, including the infamous Andy Warhol portrait of John Gotti. 

He was sentenced to 8 years and will reside at USP Marion in Illinois, the same prison as John Gotti.

The victims left behind tell the story plainly. From the prosecutor’s sentencing memorandum: one victim’s real estate business went bankrupt. Another liquidated all retirement accounts, investment accounts, and sold real estate to cover obligations. One had to postpone retirement indefinitely and continue working in high-stress environments. Another was forced to reorganize under Chapter 11 bankruptcy. Credit was severely and permanently damaged across the board.

Now his number two has his sentence.

Christopher pleaded guilty to one count of conspiracy to commit wire fraud. He was sentenced to 15 months in prison. He functioned in a back-office role, preparing documents, responding to borrower inquiries, and performing tasks at the direction of others. His personal take was approximately $615,500. 

He must report to prison by May 26, 2026.

His restitution was set at $31,280,334.

Co-conspirator Kimberly Owen has not yet been sentenced. 

Kimmy was Roglieri’s executive vice president and Snyder’s sister. Roglieri bought her a $3.75 million mansion in Virginia Beach with borrower funds and told the court-appointed receiver it was a Prime Capital investment. Owen lived in the house rent-free, paying only utilities. The mansion has since been seized. 

Owen pleaded guilty to wire fraud conspiracy and faces sentencing on July 26, 2026. She is the last of the three to be sentenced.