events
Update on the Kris Roglieri Saga
April 24, 2024
The trustee overseeing Kris Roglieri’s Chapter 11 bankruptcy case asked the Court on Tuesday to convert it to a Chapter 7. That’s because among the facts to come out of that and related proceedings thus far is that Roglieri did not ever maintain financial records for his various business entities, has no revenue coming in, and has no path to keeping his businesses going. The trustee also noted the added complexity of an FBI investigation and that the Receiver in a related civil case believes Roglieri owes creditors more than $100 million, funds that were allegedly derived from a ponzi scheme.
A Chapter 7 is a liquidation. The Court still has to approve it. A Chapter 7 trustee would have added powers that allows them to pursue assets for the benefit of creditors. The assets would be sold off.
Up until at least one month ago, Roglieri’s wholly owned business, the National Alliance of Commercial Loan Brokers conference (NACLB), was still soliciting for sponsorships. However, the ability to purchase tickets was shut off in early April and as of last week the conference website has gone completely offline. Roglieri previously attested that $436,237 was outstanding and due to Caesars Entertainment in Las Vegas for their 2023 conference. The Receiver in the Prime Capital Ventures case has also argued that the NACLB bank account had been the recipient of at least $20,000 in allegedly misappropriated funds and that $200,000 had been withdrawn from the NACLB’s bank account to aid in the present legal defense of Roglieri.
Broker Fair 2024 Sponsorships Have Sold Out
April 18, 2024
Sponsorships to Broker Fair 2024 in New York City have already sold out. Only tickets are still available. Brokers pay less than all other attendees. The main event takes place on May 20 at the Metropolitan Pavilion, while the pre-show (sponsored by Triton Recovery Group) will happen the night before on May 19 at Somewhere Nowhere NYC.
WHY GO IF YOU’RE A BROKER?
- Learn from the founder of one of the most successful broker shops in history, Peter Ribeiro, who will be speaking there.
- Learn about diversifying your deal flow by brokering SBA loans from SBA broker training expert Bob Coleman.
- Learn about the regulatory and legal status of certain SMB financing products in New York given some recent developments.
- Meet hundreds of people representing funders, lenders, tech vendors, lead sources, and more!
The event is open to anyone that’s part of or interested in becoming part of the small business and commercial finance ecosystem.
Brokers: Attend This Open Bar in NYC
April 14, 2024
Broker Fair’s Pre-show party sponsored by Triton Recovery Group takes place on May 19th from 7-9pm at Somewhere Nowhere NYC. The Pre-show requires a separate ticket from the main event taking place the following day at The Metropolitan Pavilion.
You can register below for one or both! OR do it on the main site at brokerfair.org.
The Status of the Legal Situation in New York
April 8, 2024| A lot has transpired on the legal front in New York State over the last month. If you’re a broker, funder, or lender that does business in New York, you cannot afford to miss this session at Broker Fair on May 20 in NYC. Come and learn about the current status and future outlook of the industry from this panel of knowledgeable attorneys. Your success is dependent on being informed. Take advantage of this opportunity!
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The Schedule at a Glance
March 7, 2024See what’s up next on the 2024 Agenda:
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Broker Fair 2024 – New York City – May 20, 2024 Venue: Metropolitan Pavilion Hotel: Renaissance New York Chelsea Hotel Preshow Venue (Evening May 19): Somewhere Nowhere Register Here B2B Finance Expo – Las Vegas – Fall 2024 |
BROKER FAIR RETURNS TO NYC – MAY 20
February 15, 2024
| Broker Fair is BACK! The largest annual conference for small business finance brokers returns to New York City on May 20, 2024. The venue is the Metropolitan Pavilion on 18th Street in Manhattan. This will be the 6th Broker Fair in NYC since it first launched in 2018.
Early bird pricing is now available for a limited time. For questions or inquiries, please email events@debanked.com or call 917-722-0808. Hotel bookings and pre-show information will be available shortly. You can watch what’s been said at previous Broker Fairs on our new Broker Bites video page. |
NACLB Conference Founder Files Chapter 11
February 15, 2024
Kris Roglieri, founder of the National Alliance of Commercial Loan Brokers (NACLB) conference, filed for Chapter 11 on Thursday as his legal issues continued to accelerate. In addition to his primary business Prime Capital Ventures being placed into receivership, numerous lawsuits, and his home being raided by the FBI, yet another party filed suit this morning to say that it had also been scammed by Roglieri after paying him $6 million as an upfront payment for a loan that he then ghosted on. The Receiver in the case believes that victims lost more than $50 million “in what appears to be a multi-state fraud scheme.” He has not actually been charged criminally at this time.
Roglieri’s bankruptcy election was under subchapter V, meaning the debts listed are business debts. Among them is an unpaid bill for $436,237 to Caesars Entertainment in Las Vegas where the NACLB held its last conference this past September. Other debts include a $709,000 EIDL loan, $600,000 in outstanding state taxes, ~$1 million to law firms, and a $100,000 business line of credit for the Commercial Capital Training Group.
BROKER BATTLE RULES EXPLAINED
January 9, 2024
How will the Broker Battle at deBanked CONNECT MIAMI work?
Round 1
Each of the 6 contestants goes individually in front of the 4 judges for a span of about 3 minutes. They begin with a very brief opening pitch and then the judges ask them questions. Each contestant can choose from 1 of 3 pre-defined scenarios so that they, the judges, and audience have a basic framework to work with. The MC will announce which scenario the contestant has chosen before the contestant goes so that the audience is aware.
Scoring
Judges will rank each contestant from a score of 1-10. 1 being the lowest, 10 the highest. After all six contestants have gone, the totals of each candidate will be tallied up. For example, if someone received a score of 6,8,5,and 9, their total score is 28. The contestants with the top 2 combined scores go to the final round. If there is a tie for the top 2 spots, the audience will decide the winner by crowd noise/enthusiasm.
Championship Round
Both contestants are on the stage at the same time in front of the 4 judges. They will be given the same scenario, which will be revealed and announced on stage right before they go. They will each individually begin with a very brief opening pitch whereby they will then field questions from not only the judges but also be given the opportunity to give rebuttals to their competitor’s statements.
Scoring
Each of the 4 judges will pick their favorite. If it is tied 2-2, the audience will decide the winner by crowd noise/enthusiasm.
Prize
The winner gets a $5,000 grand prize and the designation of Top Broker.
The Broker Battle is the final event at deBanked CONNECT MIAMI on Thursday. It starts at 5:10pm. While there will be cameras, it will not be livestreamed. Anyone hoping to see it will need to have a ticket. Please review this post I made in regards to the disclosure of any perceived conflicts of interest. None of the contestants paid to enter. As someone who has worked professionally with 200+ companies in the industry over the span of 18 years, I am unable to play favorites even if I wanted to. I have no idea what will happen but I will be MCing it. This will be a good clean fight!
