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Friday, June 14, 2024

Today's Leasing News Headlines

Roglieri in Jail Without Bail Update
    By Ken Greene, Leasing New Emeritus
New Hires/Promotions in the Leasing Business
    and Related Industries
Leasing and Finance Industry Help Wanted
    Great Opportunities from Growing Companies
EV Buyers Have Saved Over $1 Billion
  Through IRA Credits This Year Point-of-Sale
    By Tim Levin, InsideEVs
Commercial Finance/Leasing Finance
    Conferences 2024
The Income an Individual Needs
  To Live Comfortably in the U.S. by State
Father's Day Films
    Reviews by Leasing News' Fernando Croce
    Roseville, California Adopt-a-Dog
Strategies for Fraud Detection and
  Prevention in Commercial Finance
    AACFB Webinar Tues June 25 4:00pm (ET)

News Briefs ---
Elon Musk wins back his huge Tesla payday
    in shareholder vote
California EV sales hit record level,
    but other states seem to have lost interest
Workers feel the pain as a post-streaming-wars
    Hollywood restructures
Former Bank Bailout Watchdog
    Is Choice to Lead F.D.I.C.

You May Have Missed ---
Mark Zuckerberg is building a sprawling compound
   on the Lake Tahoe shore

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
Sales Make It Happen

Sports Briefs
   California News
    "Gimme that Wine"
 This Day in History
   Daily Puzzle
     Weather, USA or specific area
      Traffic Live----

######## 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.


Roglieri in Jail Without Bail Update
By Ken Greene, Esq., Leasing New Emeritus

Rensselaer County Correctional Facility

Kris Roglieri is being held without bail after allegedly threatening to murder an FBI agent. He was charged with felony wire fraud and being detained in the Rensselaer County Correctional Facility in Troy, New York.

According to the  Albany Times Union, he will remain in jail without bail pending his trial resolution of the criminal case brought by federal prosecutors. Although Rensselaer is a state jail, it also houses federal inmates, which explains why Roglieri is in a state facility when he is facing felony wire fraud charges.

Roglieri keeps adding to his long list of serious problems. The wire fraud charges are by far the most daunting, carrying potential punishment of up to 20 years in federal prison and complete restitution to his victims, seemingly contradictory penalties as earning $125 million from a prison cell will be difficult. Apart from the wire fraud charges, his company, Prime Venture Capital, is defunct and in a Chapter 11 proceeding. Attorneys in that case claim that Roglieri may have misappropriated more than $125 million from clients.

His conference brainchild, National Alliance of Commercial Loan Brokers, is, to the extent it has value, ostensibly property of his personal bankruptcy estate. He is personally facing two state weapons charges for his possession of an extensive collection that included an AR-15-style assault rifle and a high-capacity magazine.

Roglieri and his companies are facing multiple lawsuits. His property, including his exotic car collection, expensive watch collection, antiques, and more, has been seized. His Queensbury mansion in upstate New York is on the Chapter 7 auction block. The future does not look bright for Kris Roglieri.

Ken Greene
Law Office of Kenneth Charles Greene
5743 Corsa Avenue, Suite 208
Westlake Village, California 91362
Tel: 818.575.9095
Fax: 805.435.7464


New Hires/Promotions in the Leasing Business
and Related Industries

Jeff Schubert’s  role expanded as Director of Working Capital, Oakmont Capital Services,  Greater Tampa, Florida. He is located in Bradenton, Florida. Previously, he was Director of Sales/Strategic Account Manager/Business Development Product Manager, Marlin Capital Solutions/PEAC Solutions (May, 2018 - February, 2023)); Director of Strategic Partnerships, Rapid Finance (January, 2015 - April, 2017); Business Development Manager, Engs Commercial Finance (November, 2013 - December, 2014). He is a former Leasing News Advisory Board member.
Full Bio:

Amy Thompson was promoted to Senior Program Analyst, Mitsubishi HC Capital America, Inc., Norwalk, Connecticut. She is located in the Greater Chicago Area. She joined Mitsubishi April, 2023.  Previously, she was at Engs Commercial Finance Co, starting May, 2021, Credit, promoted Program Analyst (January, 2022 - April, 2023). Full Bio:


Leasing and Finance Industry Help Wanted


EV Buyers Have Saved Over $1 Billion
Through IRA Credits This Year Point-of-Sale
By Tim Levin, InsideEVs

President Joe Biden's much-touted Inflation Reduction Act (IRA) is paying off big time, particularly for the many thousands of Americans who have bought electric vehicles this year.

EV buyers have saved more than $1 billion in upfront purchase costs since January 1 thanks to the 2022 bill's revamped incentives for electric car purchases, the U.S. Treasury Department said on Wednesday. That $1 billion has helped facilitate the purchase of some 150,000 new and used clean vehicles this year.

A $7,500 federal incentive for purchases of electric cars has been around in one form or another since 2010. Now, for the first time, it's available as a point-of-sale discount instead of a tax-time credit.

The bottom line is:  “The IRA is working," U.S. Deputy Secretary of the Treasury Wally Adeyemo told reporters during a briefing on Tuesday. "It's been a game changer for the American consumer and automakers."

The $7,500 EV tax credit first launched in 2010 and received a major overhaul by the IRA in 2022. The new incentive includes income restrictions for buyers. It also prioritizes vehicles built in North America and has provisions that aim to reduce reliance on China for key battery minerals and components. Importantly, starting this year, the incentives became available at the point of sale.

That means EV buyers no longer need to wait until tax time to apply for a credit and lower their tax liability. They can get up to $7,500 lopped off the purchase price of their vehicle by passing their credit on to the dealership they buy from. That should make getting a discounted EV simpler and more immediate. And the change is already paying off.


Commercial Finance/Leasing Finance Conferences

Sept. 4-5: AACFB Commercial Financing Expo, New Orleans, LA
Registration Now Open - click here

Sept. 23 - 24: B2B Finance Expo, Wynn, Las Vegas, NV

Sept. 10-12: CFLA Conference, St. John's, NL, Canada
Hugh Swandel, President, Meridian OneCap Commercial Credit, will be covering the conference for Leasing News

Oct. 16-18: NVLA Conference, Clearwater Beach, Florida
Sloan Schickler, Esq., Schickler & Schickler, wlll be covering the conference for Leasing News. She is also presenting there.

Oct. 27-29: 63rd ELFA Annual Convention, Austin, TX
Convention details

Nov. 11-14: NEFA Fall Conference, Indianapolis, Indiana
Don Cosenza, CLFP, Senior Vice President of North Mill Equipment Finance, will be covering the conference for Leasing News

To be listed, email:


The Income an Individual Needs
To Live Comfortably in the U.S.

Massachusetts is the most expensive state in which to live comfortably. A single adult needs to make at least $116,022 annually or $55.78 per hour.

West Virginia is the least expensive for a single adult, who only needs to make an estimated $37.88 per hour, or $78,790 annually.

To live comfortably on your own in the top five states, a person would need to earn nearly double the typical income for single earners, as the U.S. median income for single, full-time workers is around $60,000, according to Labor Bureau data.

Source: Visualcapitalist


Watch at Home
by Fernando Croce, Leasing News Movie Reviewer

Leasing News: Special Father’s Day Edition

With Father's Day just around the corner, let every movie buff seize the opportunity to settle down with Dad and a great movie. So check out our list of recommendations:

Bigger Than Life (1956): A specialist in exposing the raw nerves beneath the optimistic veneer of the 1950s, director Nicholas Ray (“Rebel Without a Cause”) provides a broken mirror of paternal virtue in this scathing domestic drama. James Mason is superb as Ed Avery, a modest schoolteacher whose meek life takes a sharp turn after medical problems lead him to an addiction to cortisone. Freed from his earlier inhibitions, he grows bolder at work and at home, startling his wife (Barbara Rush) and young son (Christopher Olsen). But is the drug the real problem, or his suffocating everyday suburban life that’s at the root of his madness? Making use of CinemaScope expressionism that verges on horror, Ray’s stylistic verve and subversive streak make this classic a must for every movie lover.

Indiana Jones and the Last Crusade (1989): A recurring Steven Spielberg theme, the relationship between father and sons takes center stage in this exciting second sequel to “Raiders of the Lost Ark.” Harrison Ford is back as Indiana Jones, globe-trotting explorer extraordinaire, though this time he's paired with an unexpected sidekick: Professor Henry Jones, his estranged father, played by Sean Connery in a conscious bridging of action heroes from different generations. The search that brings them together takes them through World War II Europe in search of the magical Holy Grail. Deep into Nazi territory, their bond is tested not just by ruthless enemies, but by their own need for faith. Though many fans of the franchise prefer the earlier installments, this may be the series’ most spiritually satisfying entry.

L’Enfant (2005): Belgian brothers Jean-Pierre and Luc Dardenne offer one of their most powerful pictures with this wrenching drama about growth and responsibility. Bruno (Jeremie Renier) is a young small-time thief whose wife, Sonia (Deborah François), gives birth to a boy. Himself as irresponsible as a child, Bruno unthinkingly sells their son for cash. With his wife shocked by his decision, he must set out to make things right for his family and, in the process, mature as both a man and a father. Winner of the top prize at the Cannes film festival, the film charts the spiritual shifts of the characters against their bleak surroundings, embodying the Dardennes’ passion for outsiders in the face of severe desperation. The results achieve a purity of tension and poignancy. With subtitles.

A Better Life (2011): Demián Bichir won a well-deserved Best Actor Oscar nomination for his heartfelt performance in this poignant story of the bond between a father and a son in an often harsh world. Bichir plays Carlos Galindo, an undocumented Mexican immigrant making ends meet as a gardener in Los Angeles. When the truck he needs for his job is stolen by another man, he delves into the city’s underworld to search for it, helped by his teenage son, Luis (José Julian). During their time together, Carlos grows closer to the alienated Luis, bridging their generational gulf even as danger grows. Directed with unexpected soulful simplicity by Chris Weitz of “American Pie” fame, this modest but heartening film shuns stereotypical dramatics in favor of empathy and humanism.

Leave No Trace (2018): After the acclaimed “Winter’s Bone,” writer-director Debra Granik cements her reputation as a specialist in indie grit with this subtle and poignant family drama, set in the Oregon wilderness. Will (Ben Foster) is a war veteran who’s determined to live life on his own terms, living in an isolated area and raising his teenage daughter Tom (Thomasin McKenzie) far from other people. Raised on survivalist routines, Tom sees herself increasingly torn between love for her strict father and her own burgeoning independence. When rangers and social workers enter their private world, the duo’s bond is put to the test. Though working on a modest canvas, Granik finds graceful and expressive ways to showcase the character’s tangled emotions, helped greatly by the meticulous performances of her actors.

Fernando Croce is a nationally recognized film reviewer and has been contributing to Leasing News since 2008. His reviews appear each Friday.


Roseville, California Adopt-a-Dog


House Trained
Vaccinations up-to-date
Good in a Home with
Other Dogs

Introducing Gotti!

Gotti is a mixed breed pup who found himself growing up in a shelter. He came to us a few weeks ago. His estimated dob is 9/2023. He is growing a little bit and now weighs 43 lbs.

Gotti is an active young dog. He has learned to walk on a leash. He is learning basic obedience like sit and recall. Gotti is using a dog door proficiently and had been potty trained. He sleeps in his kennel at night.

Gotti lives with several other pups and is playful and active. He will need good routines set. And he would really need continued o radiance training to be his best self. Gotti really likes to be with his people so it would be helpful to be home for longer spells.

Gotti ‘s wish list
1.  Active family. No small children.
2.  Another active balanced dog
3.  Backyard with a solid fence
4.  Continued training
5.  Daily exercise

Sacramento Independent Animal Rescuers
Roseville, CA




News Briefs

Elon Musk wins back his huge Tesla payday
    in shareholder vote

California EV sales hit record level,
    but other states seem to have lost interest

Workers feel the pain as a post-streaming-wars
    Hollywood restructures

Former Bank Bailout Watchdog
    Is Choice to Lead F.D.I.C.


Mark Zuckerberg is building a sprawling compound
   on the Lake Tahoe shore, blueprints show


Sports Briefs---

Celtics on brink of 18th title, can close
   out Mavericks in Game 4 of NBA Finals on Friday


California News Briefs---

South Bay must build more housing
   for cutting-edge tech and AI jobs: expert

Downtown Oakland tower is seized by lender
as Bay Area office woes widen

3 Celebrities Join Public Comments Drive to Free
Tule Elk at Point Reyes National Park, Seashore, Marin


Gimme that Wine    

American and French wines face off again in
  high-stakes showdown. This time, in Sonoma County

The Bay Area’s latest impossible-to-get wine
comes from a country I never expected\

French Laundry chef opens Asian-inspired
restaurant in Wine Country


This Day in History



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Alerts and Flags
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Brian Link Observations
Career Crossroads-Emily Fitzpatrick/RII
Charlie Chan sayings
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Credits and Collections 102
Customer Relation Management Keeps Score
Dan Harkey Observations
Employment Web Sites
Equipment Leasing Haiku by Paul Bent
Fernando's Review
Financial Technology 102
From the Desk of Michael Witt, Esq.
Leasing 102
Leasing Cases by Tom McCurnin
Observations from the Front Porch by Jim Acee
Online Newspapers
Recruiter Hal T. Horwitz Speaks Out
Sales Make it Happen
San Francisco Valley Leasing
The Secret of Our Success
The Top Performer’s Corner
To Tell the Truth
TV Reviews by Kit Menkin
Ultimare Hire by Ken Lubin, ZRG Partners
View from the Top
Why I Became a CLP
Wine Reviews by Kevan Wilkinson

Ten Top Stories each week opened the most by readers
(click here)

“Complaints” Bulletin Board (click here)

Connect with Leasing News

Top Stories

(chronological order)

- South Florida Hosts Small Business Finance Innovation
    at Funders Forum + Brokers Expo 2024
- Dext Capital Upsizes Corporate Note Financing
- Is Broker Fee Splitting in California Legal?
    By Ken Greene, Leasing News
- Gender Pay Gap Visualized
- Tri Counties Bank Equipment Finance
    Department Shut Down
- "Buckle Up!" Quality Equipment Finance
    Not Funding Transactions Internally
- CLFP Growth by Company End of Year 2023
    Added 247 Members
- The Commercial Real Estate Exposure
    of the Largest U.S. Banks
- Please Fasten Your Seatbelts!
    by Randy Haug, LTi Technology
- Brian Bjella Then and Now
- GreatAmerica Financial Services  Appoints
    Well-Known Financial Veterans as Group Presidents
- Troubles Continue with Regional Banks
    And Funding of Third Party Transactions
- Part II -Great Time to be a True Independent or an
   Equipment Finance company that Acts Independent
     by Randy Haug, LTi
- 2024 World Leasing Book
   Available digitally or hardback
- Great Time to be a True Independent or an
Equipment Finance company that Acts Independent
    By Randy Haug, LTi
- Bob Rodi on LinkedIn
    Long-Time Veteran in Commercial Finance
- Video: Tips for Equipment Finance Beginners
    with Steve Geller, Equipment Finance Veteran
- Commercial Financial View by Dale Kluga, CPA,
    Well-Known Equipment Finance Founder
- Update on Compliance Under The Small
   Business Data Collection Rule
    By Sloan Schickler, Esq.
- ELFF January Confidence Rate Up
    From December 42.5 to January 48.6
- Which Affects Banks and Use of Funds Available
    By Dale R. Kluga, CPA, Experienced Funder
- Ken Greene, Leasing Person
    of the Year for 2023
- The QuickFi Embedded Finance Platform
    Wins 2024 BIG Innovation Award
- Brean Capital Investment Banking
    Strong Momentum Heading into 2024
- Leasing’s Brian Huey, Active in NAELB, Now AACFB,
    Wins Short Film Festival Awards
- Jim Merrilees Joins the Leasing News
    Advisory Board
- Changes in Banks, Particularly Regional, Moving
   Away from Leasing, Third Party, and Vendor Finance
    By Randy Haug, LTi Technology Solutions
- Who Must Obtain a Lender's License
    By Marshall Goldeberg, Leasing News Legal Editor
- Dext Capital Expands into Technology Vendor Division
    with Three Top Former KeyBank Employees
- Changes in Banks, Particularly Regional, Moving
    Away from Leasing, Third Party, and Vendor Finance
- Sam Walton, Founder of Walmart
    said this to a group of trainees
- Talent Crisis is Here
    By Steve Chriest & Kit Menkin
- Assessing the Ripple Effects of Commercial Disclosure Laws
    By Kenneth C. Greene, Leasing News Advisor Emeritus
- Housing Report, September 2023
    The Virginia Tech - USDA Forest Service
- Channel Announces Successful Close of $190MM Securitization
- 33% of Small Businesses Fail
    Due to Lack of Capital
- Behind the Headlines on Chesswood Group Limited
    and Their Commercial Finance/Leasing Companies
- That Voice on the Phone Using Artificial Intelligence
    By Sean Murray, Publisher, deBanked
- Pennsylvania Hops Aboard the Disclosure Bandwagon
    By Kenneth C. Greene, Leasing News Emeritus
- Banks Facing Additional Issues in Commercial Finance
  and Leasing Sides of Their Businesses
    by Randy Haug, LTi Technology Solutions
- Alliance Funding Group Announces They Have
    Formed a New Strategy Mid-Ticket Business Unit
- Bankruptcies on the Rise
    By Peter N. Tamposi, Esq.
- Leasing News Has Confirmed Key Equipment Finance
  Exiting Vendor Business
    By Christopher Menkin, Publisher
- The Corporate Transparency Act of 2024
  Many in Business Are Not Aware  
    By Kenneth C. Greene, Leasing News Emeritus
- Iowa Bank Failure Tied to Bad Trucking Loans
    By Craig Fuller, CEO and Founder, Freight Waves
- CLFP Foundation adds 26 New CLFPs
- CLFP Growth by Company Continues
- Chesswood Group Limited and Wafra Inc.
    Announce Joint Venture for Funding
- Is Your Non-Compete Clause Valid?
    By Kenneth C. Greene, Leasing News Emeritus
- Exploring the 62nd Annual ELFA Convention: Future 360
    By Shari Lipski, CLFP
- Introducing ELFA’s New Board Chair and Board of Director
- NEFA Thanks Outgoing Board Members
    and Welcomes New Board Members plus President
- Women in Leasing Update NVLA October Conference
- Business in Commercial Finance Industy
    Has Been Good Compared to other Industries
- ELFA Wins Nationwide Relief from Section 1071
- Now is the time to take advantage of higher bonus depreciation
- Leigh Lytle appointed new ELFA President and CEO
- Ralph Petta to retire, will the next ELFA CEO be a female?
    Here are the three past female presidents
- Dext Capital Celebrates Remarkable Achievement:
    $1 Billion Originated First Five Years of Operation
- Wintrust Financial Corporation Reports Record
    Year-to-Date Net Income
- Maxim Commercial Capital Doubled Fundings in Q3 2023
    Demand increased for 2nd lien mortgages to fund working capital
- NVLA 2023 Annual Conference Recap By Edward P. Kaye
- Highlights from NEFA Funding Symposium By Mel Vinson, CLFP
- CLFP Foundation Adds 18 New CLFPs
- Artificial Intelligence (AI): Friend or Foe for Finance and Leasing?
- Brean Capital Closes Corporate Note
    Financing for Fora Financial
- Full Circle Finance Is Now Employee Owned
    Tim Cetto to Stay on as Board Member
- October 2023 marks the 15th Anniversary
    of Wheeler Business Consulting
- Dr. Dan Geller: But I told you so!
Cryptocurrency is the Emperor’s New Clothes
- Legal Considerations in Financing and Leasing Your First EV
By Edward P. Kaye, Esq. and Matthew W. Daus, Esq.
- World Leasing Yearbook 2023: The Essential Guide to
Current Opportunities in International Leasing & Asset Finance
Cannabis Sales Slow as Pandemic Eases
- Rosanne Wilson CLFP, BPB, Passes Away
A Very Close Friend of Mine and Our Industry
By Christopher Menkin, Publisher and Editor
The Top Four Leasing/Finance Funder Websites
Tandem Finance Partners with LilyPad EV
Randy Haug Joins Leasing News Advisory Board
Donald Wampler, CLFP, Shows Off His Badges Collected in 2022
Women in Leasing Roundtable By Sloan Schickler, Esq.
- Chesswood Group Limited Announces
$12.3 Million Q3 Compared to $9.1 Million 2021
Notarize and Northteq Launch Online Notarization Integration
- American Lease Insurance sold
to American Bankers Insurance Group
- Rapid Finance Advises Their Originators
Pausing New Applications Construction Companies
- Marijuana Could Become Legal
in These Five States After Midterms
- Black Equipment Finance Network
Announces Its Formation
- DeBanked Broker Fair New York
By Sloan Schickler, Esq.
- New York Commercial Finance Disclosure Law
By Sloan Schickler, Esq.
- ELFF Reports Confidence Continues Three Month Drop
October goes to 44.9 from September 48.7
- Remember the NorVergence Scandal and Tom Salzano?
Now Charged with $650 Million Ponzi Scheme, 2,000 investors
- North Mill Equipment Finance Announces
$353 Million Term Securitization
- National Vehicle Leasing Assoc. Annual Conference
By Edward P. Kaye, Esq.
- Full Circle Finance Is Now Employee Owned
Tim Cetto to Stay on as Board Member
- Kaylan Makam New Chief Executive Officer
Amur Equipment Finance
- ELFA Conference (Day Two)
from Orlando, Florida
- ELFA Conference Report (Day One)
from Orlando, Florida
- Top Hurricane Landfall Wind Speed
Since 1936, Name and State
- A Few Stayed When Tropical Storm Fiona Hit Right
After Canadian Finance and Leasing Association
- Certificate of Insurance for Finance, Lease or Loan
Why it is Very Important
- North Mill Equipment Finance Hits $1B in Originations
on its Anniversary of Recapitalization
- TopMark Funding Marks Another Quarter of Record
Breaking Growth for the Fifth Consecutive Quarter
Settlement Costs vs. Litigation Costs