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Monday, June 23, 2025
Today's Leasing News Headlines New Hires/Promotions in the Leasing Business News Briefs--- ######## surrounding the article denotes it is a press release, it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a byline. It reflects the opinion and research of the writer. [headlines] New Hires/Promotions in the Leasing Business
“Connie is a shining example of what it takes to succeed long-term at LTi. Her work ethic, heart, and sense of responsibility will be sorely missed. “There aren’t enough thank-yous to express our appreciation for all she’s done, but we do send her off with our deepest gratitude and warmest wishes for a happy and fulfilling retirement. We hope to see her around in the future!
As Vice President of Communications & Marketing, Esworthy will oversee ELFA’s brand strategy, editorial content, multi-channel marketing, and media relations while fostering collaboration across departments. She will also serve as a trusted advisor to President and CEO Leigh Lytle and the senior leadership team, providing insights and recommendations on messaging, branding, and member engagement. Previously, she was Senior Director, Public Relations, Association of State and Territorial Health Officials. She joined the AST August, 2014, as Director of Communications, appointed Senior Director, Public Relations, February, 2017. Prior she was Account Supervisor, Spectrum (November, 2013 - July, 2014); Brand Representative, Cabot Creamery Co-operative (August, 2009 - April, 2014); Senior Specialist, Member Leadership, American College of Cardiology (July, 2010 - November, 2013); Account Executive, Hisaoka Communications (October, 2007 - July, 2010)/ Full Bio: [headlines] Grand Jury Files More Loan Fraud Charges Against Kris Roglieri And the hits keep coming for Kris Roglieri. Last week, we reported that his former girlfriend, Kimmy Humphrey, pleaded guilty to loan fraud and will likely turn state’s evidence to reduce her sentence. This week, the other shoe has dropped with the grand jury issuing a superseding indictment of six counts of wire and loan fraud that has ballooned to $183 million. The Feds allege Roglieri conspired with others to fraudulently obtain tens of millions of dollars from Prime Capital’s clients. The indictment alleges that Roglieri and his co-conspirators fraudulently promoted Prime Capital as a lending business capable of making large commercial loans, and deceived clients into sending Prime Capital “Interest Credit Account” (or “ICA”) payments based on false promises that these payments would allow Prime Capital to make these large loans and that the ICA payments would be refunded if those loans did not materialize. United States Attorney John A. Sarcone III said: “As alleged, Kris Roglieri perpetrated a massive fraudulent scheme against clients across the country that came to Prime Capital Ventures for loans to fund their business projects. Instead of giving these clients legitimate loans, Roglieri gave them lies, and spent millions of dollars on his made-for-Instagram extravagant lifestyle. He spent millions on exotic vehicles and watches, and on private international jet travel, including a vacation to Anguilla that he took as Prime Capital was in bankruptcy proceedings and with the company’s creditors beset with confusion, anger and grief. But today’s indictment shows that these crimes ultimately did not pay for Roglieri, as he now faces the prospect of many years in prison.” The upfront interest payment was characterized by Prime Capital as the Interest Credit Account payment, or ICA payment for short. Roglieri represented that each client’s ICA payment would be debited over time as a loan was funded and accrued interest. Depending on the size of the loan that Prime Capital promised, an ICA payment could be in the millions of dollars. Prime Capital obtained ICA payments as large as 20 million dollars. Prime Capital promised that an ICA payment would be kept in a “pledged” bank account and would be fully refundable within a specified time frame if the contemplated loan did not materialize. Source: Recorded Zoom Call December 2023 between Roglieri and a Borrower The Grand Jury says Roglieri knew these statements were false because Prime Capital had never funded a loan in the manner he described. ICA payments were not deposited into a pledged account but were used to fund his own purchases of luxury goods, including:
Roglieri has been in custody since his arrest on May 31, 2024. United States District Judge Mae D’Agostino has set a firm trial date of January 5, 2026. [headlines] Leasing and Finance Help Wanted
[headlines] Top Ten Most Read
(01) New Hires/Promotions in the Leasing Business (02) Concord Acquires Orion First: Expanding 03) How Have McDonald's Prices (4) 2025 AACFB Commercial Financing Expo (5) Is There Really a Truck Driver Shortage? Or Are (6) New Hires/Promotions in the Leasing Business (7) Amembal's Eighth “Winning with True Leasing!” (8) The Roglieri Dominoes Continue To Fall (9) Equipment Finance Industry Confidence Rebounds (10) Built for Pressure
[headlines] Conferences and Forums
September 10-12: AACFB Commercial Financing Expo, Austin, Texas September 17: Brokers Expo NYC returns at Center415 on Fifth Avenue in Midtown Don Cosenza, CLFP, will cover the Expo as he did last year for Leasing News readers. October 14-16: National Equipment Finance Association Fall Conference, Renaissance Hotel, Minneapolis, Minnesota Vicki Shimkus, CLFP, Balboa Capital Relationship Manager, will be covering the conference for Leasing News readers. October 26- 8: ELFA 64th Annual Convention, Marco Island, Florida Randy Haug, LTi Technology, will be covering the conference for Leasing News.
This groundbreaking event will bring together leaders from Small Business Lending, Equipment Finance, Real Estate Lending, Merchant Cash Advance, and beyond. Over the course of this exclusive two-day event, brokers, lenders, funders, and service providers alike can expect networking opportunities, expert panels, and much more. Join us for an exceptional networking and educational opportunity as we bring together the best in the industry! Questions? Email us at events@debanked.com To Update: kitmenkin@leasingnews.org [headlines] Archer Aviation Begins Piloted Archer Aviation began the first test flights of its Midnight air taxi with a pilot on board, the company announced June 2, following over 400 autonomous flights in 2024. The electrically powered vertical takeoff and landing aircraft reached an altitude of over 1,500 feet above ground level at a speed of up to 125 mph, the company said in a press release. Archer Chief Test Pilot Jeff Greenwood was at the aircraft’s controls during the test flight over Salinas, California. “Everything responded exactly as we trained for, which is exactly what you hope for during a test flight,” Greenwood said in a statement. Archer plans to launch a network of air taxis in Southern California as soon as 2026, when the FIFA World Cup comes to Los Angeles. The Santa Clara, California, company also announced plans for air taxi service in the San Francisco Bay Area and the New York City region. To do so, it will need FAA certification for the aircraft, pilots, maintenance personnel, training and other aspects of air taxi operations. Source: Smart Cities Dive (Full Report) [headlines] Fleet Forward Invitation Time is running out to secure your spot at Fleet Forward: The Tour in Irvine, CA on July 22nd! This complimentary, one-day event is designed for fleet operators ready to explore the future of transportation, including electric vehicle adoption and emerging tech. Expect: Expert-led sessions Spots are limited and filling quickly. (Note: This event is open to fleet owners and managers only. Limit two attendees per company. Supplier participation requires sponsorship.) FRANK WOLSON Note: [headlines] News Briefs America’s economy faces a new war shock: Credit scores decline for millions as Home Depot Bid Kicks Off Battle for $5 Billion Tesla’s Robotaxis Are Here:
Bank of New York Mellon Approached
[headlines] Every TV Show That Was Canceled In 2025 (So Far) [headlines]
The owner's a piece of s—t': The A's refusal [headlines]
PG&E plans big San Jose power hub upgrade San Francisco Bay Area loses jobs in May as California California family torn apart by ICE [headlines] Gimme that Wine
http://www.youtube.com/watch?v=EJnQoi8DSE8 Paso Robles wine industry generates $2.8 billion Renowned Sonoma County Pinot Noir producer Adam Lee How the new CEO behind Two Buck Chuck Local wineries see 14% drop in visitors. Billionaire Bill Koch’s wine cellar fetches St. Julian Takes Home Several Top Honors from 2025 New York Legislature Approves Retail-to-Retail [headlines] This Day in History https://leasingnews.org/archives/Jun2017/06_23.htm#history ------------------------------------------------------------- SuDoku The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler? -------------------------------------------------------------- Daily Puzzle How to play: Refresh for current date: -------------------------------------------------------------- http://www.gasbuddy.com/ -------------------------------------------------------------- Weather See USA map, click to specific area, no commercials -------------------------------------------------------------- Traffic Live--- Real Time Traffic Information You can save up to 20 different routes and check them out with one click, -------------------------------- Wordle https://www.powerlanguage.co.uk/wordle/ |
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