Kris Roglieri Indictment and Car Auction Update — Read and Watch Fraud Friday!
September 27, 2024
Delaney Sexton
Contributing Editor
Kris Roglieri Indictment and Car Auction Update – Read and Watch Fraud Friday!
A federal grand jury decided that there was sufficient evidence to indict Kris Roglieri with five counts of wire fraud in relation to allegedly stealing $5 million from a Minnesota company. If he is found guilty, a $5 million civil judgment will be filed against him automatically. The Times Union notes that this forfeiture is interesting because it “is rarely used in wire fraud cases – rather it’s typically seen in drug cases, where stolen money or assets are used to commit other crimes.”
If convicted, the feds will also seize the Rolex day-date yellow gold diamond bezel watch he allegedly purchased with the $5 million and $700,000 held in two Thread Bank Accounts.
Last weekend, some of his cars were auctioned off by the Saratoga Automobile Museum, and they sold for $807,250:
- 2014 Novitec Ferrari F12 N-Largo – $341,000
- 2005 Mercedes-Benz CL65 AMG – $39,600
- 2019 Mercedes-Benz G63 AMG – $118,650
- 2021 Mercedes-Benz Renntech R3 AMG GT Black Series – $308,000
To recap key moments in the Kris Roglieri lawsuits & investigation:
The Civil Lawsuits
The initial 3rd party complaint listed the following companies as alleged victims of the fraud scheme. They filed suit against Roglieri and the Prime Capital entities claiming that they never had tens of millions of dollars in deposits returned to them.
- Onward Partners, LLC – Alleged $4 million
- B&R Acquisition Partners – Alleged $4.3 million missing
- 526 Murfreesboro, LLC – Alleged $4.3 million missing
- HCW Biologics Inc. – Alleged $5.25 million missing
- Compass-Charlotte 1031, LLC – Alleged $15.9 million missing
- Camshaft CRE 1, LLC – Alleged $12.4 million missing
- Newlight Technologies, Inc. – Alleged $2.5 million missing
- ER Tennessee LLC – Alleged $15 million missing
- Motos America Inc. – Alleged $3 million missing
- 1800 Park Avenue LLC – Alleged $5 million missing
The Raids & Bankruptcies
Roglieri’s houses were raided by the FBI twice. During the raids, cars, guns, drugs, and more were confiscated. Around this time, both Kris Roglieri and Prime Capital Ventures filed for bankruptcy.
The Arrests
He was initially arrested in Warren County New York for gun charges. He was charged with third degree possession of an assault weapon and third degree criminal possession of an ammunition feeding device.
In June, Kris Roglieri was arrested for wire fraud and has been detained ever since. The criminal complaint cited 1800 Park Avenue LLC as the victim of the fraud. This is only one of the many companies that have filed a complaint against him, so there is a possibility that more charges could come in the future.
Detained After Threatening an FBI Agent
For most white-collar fraudsters, they are able to make bail instead of staying detained. In Roglieri’s case, that option was not extended. Prosecutors claim that he is a danger to society. Roglieri said that he knew the three FBI agents who were investigating him and knew the address of one of the agents. He reportedly said that he would “put a bullet in [that agent’s] head.”