The former CEO of a financial company will not leave jail before his fraud trial begins.

Kris Roglieri faces more than $200 million in legal claims from former clients and creditors.

The former CEO of Prime Capital Ventures was arrested in Queensbury in May and charged with wire fraud.

Roglieri misused hundreds of thousands of dollars of a client’s money on personal expenses, according to prosecutors.

This included a gold watch and a lavish vacation.

He is currently in jail after making threats to an FBI agent and court staff.