Kris Roglieri, Prime Capital Ventures Timeline of Events
Various allegations of fraud asserted against him in civil and bankruptcy matters from late 2021 to early 2024
2021 Prime Capital Ventures formed
On September 22, 2022 Onward and its affiliate wired $20 million to Prime to
establish an interest credit account. Prime was required to make the first advance on the line of credit to Onward by February 9, 2023, but failed to do so, and has failed to do so since then. Prime did return 16 of the 20 million deposit. Onward to file a federal court lawsuit against Prime and Roglieri in the United States District Court for the District of Utah on November 13, 2023.
B&R has alleged that it made a $4,300,000 ICA payment on November 30, 2022 for a purported $22,575,000 loan, but that the loan was never made and the deposit never returned.
On April 6, 2023, 526 Murfreesboro, LLC (“526 Mulfreesboro”) and Prime entered into a
Development Line of Credit Agreement in the maximum amount of $18,112,500. On April 7, 2023, 526 Murfreesboro wired $4,312,500 into Prime’s specified bank account.
HCW and Prime entered into a Development Line of Credit Agreement dated April 21, 2023 in the principal amount of $26,250,000, and pursuant to that line of credit HCW was required to wire Prime $5,250,000. Prime has not returned HCW’s $5,250,000 deposit
Compass-Charlotte entered into an April 24, 2023 Development Line of Credit with Prime (as lender), whereby Prime was to make a loan for $79,511,250. Compass-Charlotte wired
the sum of $15,902,250 to Prime as an “ICA Payment” on April 27, 2023. On October 27, 2023, Compass-Charlotte demanded the return of its deposit since the LOC was not fulfilled.
Camshaft CRE 1, LLC (“Camshaft”) made an ICA Payment to Prime on May 12, 2023 in the amount of $13,400,000. Prime failed to respond to the Camshaft complaint and on May 19, 2023. Camshaft filed a Motion for Entry of Judgment against Prime in the amount of $12,400,000
May 23, 2023 Newlight Technologies Inc entered into a line of credit agreement with Prime, which was signed by K. Roglieri, in the principal amount of $13,125,000. Newlight wired $2,500,000. Prime did not advance any funds to Newlight under the terms of their line of credit agreement and to date, Prime has failed to return Newlight’s deposit
August 25, 2023 ER Tennessee LLC made an advance of $15,000,000 to Prime pursuant to an Intercreditor Agreement. ER Tennessee alleges that only five days after its advances were deposited in the RBC account, that $7,000,000 were transferred to an account at Farmers State Bank and that in October 2023, $6,000,000 were advanced from RBC under a Credit Access Line, but that money was never paid to ER Tennessee.
September 21, 2023 Motos and Prime made an agreement in the principal amount of $15,000,000. In accordance with that line of credit agreement, Motos made an ICA deposit to Prime in the amount of $3,000,000. LOC never provided, deposit never returned.
Prime and 1800 Park both signed a Commitment Fund Letter dated December 12, 2023, wherein Prime agreed to fund a line of credit in the amount of $98,905,467. December 22, 2023, 1800 Park agreed to provide a $5 million deposit.
Feb. 2: FBI raided Roglieri’s Queensbury home
Feb. 15: Roglieri filed for federal bankruptcy protection
Feb. 21 and Feb. 23: The FBI obtained the additional warrants
Kris Roglieri faces felony weapons charges that were filed against him after the FBI raided his Queensbury home the first time in February. The charges are for possessing an assault weapon and a high-capacity magazine in violation of state law which is third-degree criminal possession of a weapon.
One of Roglieri’s top associates, Kimberly “Kimmy” Humphrey, was charged with felony drug possession after the FBI searched her Virginia Beach, Va., home, purchased by Prime Capital.
March 5th: The FBI returned to the 44-year-old CEO's home to seize seven more sports cars
Kris Rolgieri has said this in a sworn statement in court: "I continue to dispute such harmful allegations against me and my companies and stand ready to defeat such allegations when the time comes,”
