Kris Roglieri was sentenced to 97 months for a wire fraud conspiracy involving the alleged collapse of Prime Capital Ventures. Prosecutors said he promoted the business as able to make large commercial loans through third-party funding and obtained tens of millions of dollars from clients through false claims.

Kris Roglieri, CEO of Prime Capital Ventures, was sentenced by the U.S. District Court for the Northern District of New York to 97 months for his role in a wire fraud conspiracy. According to prosecutors, Roglieri marketed his purported commercial lending operation as a reliable vehicle for borrowers seeking large commercial loans. The government alleged that he represented the scheme as dependent on third-party funding arrangements that would allow Prime Capital Ventures to generate and process substantial loan amounts. Prosecutors stated that the promotional statements were false and that Roglieri used misrepresentations to induce clients to send money. The government alleged that he fraudulently obtained tens of millions of dollars by claiming the company could deliver loan funding through mechanisms that allegedly did not exist as represented. The case centered on wire transmissions tied to the conspiracy and involved communications and transactions used to further the alleged fraud. The sentence follows the government’s presentation of evidence that Roglieri’s conduct resulted in significant financial harm to clients after the business allegedly failed to perform as promised. The DOJ announcement did not indicate restitution amounts in the provided summary.