Last week Bankruptcy Court judge Robert E. Littlefield, Jr. ruled that the property of Kris Roglieri, owner of Prime Commercial Lending, worth approximately $7 million was to be immediately turned over in the ongoing bankruptcy case to pay back his creditors. The May 22nd ruling meant that Mr. Roglieris's remaining 3 cars, multiple high-end watches, and twenty firearms would be taken from him for debts that total about $3 million.
However, the missing funds from the civil cases regarding his business Prime Capital Ventures total more than $120 million. That is where the additional value from the assets will go towards.
The following images show the list of items from court documents, which includes two Mercedes, 5 Rolexs, 2 Richard Mille watches, and highly valued art.
The ruling stemmed from the motion made by the trustee, Christian H. Dribusch, in this Chapter 7 case, which was recently converted from Chapter 11 as filed by Kris Roglieri. Earlier this year the court allowed for searches of his Queensbury home which resulted in the seizure of several supercars, watches, jewelry, and other items that were likely gained by the funds at issue in those cases.
As of now, there are no formal criminal fraud charges against Kris Roglieri even though there is an ongoing investigation after the FBI raided his home. Mr. Roglieri has denied any wrongdoing in the cases.
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