There is a significant update in the case of Kris Roglieri. Roglieri, long established in business lending and MCA training, faces charges of wire fraud and securities fraud tied to an alleged advance-fee scheme surpassing fifty million dollars. Here is how the scheme is described by prosecutors: Roglieri and his team would request large upfront deposits from prospective clients, promising to secure major financing. That financing never came. Instead, client funds were used to support a lifestyle of luxury—homes, high-end cars, art, vacations, and even antique guns. Roglieri was arrested last year and has been denied bail. His trial is scheduled to begin in January 2026.
Guilty Pleas
Two of his former associates, Christopher Snyder and Kimmy Humphrey, have pleaded guilty and are cooperating with the government. Snyder entered a plea on a wire-fraud conspiracy count in May 2025. If Roglieri is convicted, he could face between seventeen and twenty-two years in federal prison. These are the estimated sentencing guideline ranges for the charges he faces, which include wire fraud and securities fraud. The world of merchant cash advance and business lending has increasingly become wild. We continue to see advance-fee scams, unregistered securities raises, and line-of-credit bait-and-switch models. Many believe the industry is unregulated and free to do whatever they want. The truth is, they cannot — and this case may show exactly what twenty years behind bars looks like in real life.
Roglieri had it all — a well-known training academy, a reputable lending business, and a strong name in the industry. He did not need to embark on the path the government alleges. But greed, arrogance, and disregard for regulation cost everything, including freedom.
What the Cooperating Witnesses Mean for the Case
When Snyder and Humphrey pleaded guilty, they became critical to the prosecution’s strategy. The federal sentencing guidelines for Roglieri are estimated to be between seventeen and twenty-two years, depending on the court’s calculation of loss and enhancements. Both Snyder and Humphrey are rumored to be testifying against Roglieri at trial, which would be devastating for his defense. Their cooperation gives prosecutors insider knowledge of how the operation worked, where the money went, and how clients were misled. That type of first-hand testimony carries enormous weight with a jury and dramatically increases the odds of conviction. A lot of MCA brokers tell me this is an unregulated industry, and it has been for years. That belief is wrong. MCA is clearly on the radar of
the federal government. There have been multiple arrests for different violations this year. If you are in MCA and breaking the law, you are jeopardizing not only your livelihood but your freedom — as Mr. Roglieri unfortunately has found out.