The Lessors Network

 <Equipment Lease Finance News, Events & Resources

Lessors Network Logo
Blue Arrow   Return To Home Page
BREAKING NEWS SPONSOR AD
Optimal Leasing LLC
Contact: Larry Robinson / 248.738.2699
.
Optimal Leasing LLC

Optimal Leasing LLC , an independent MBE originally founded in 1996 with a specific emphasis on providing lease financing for capital equipment, assist customers who have diversity objectives and are interested in Tier 1 & 2 spend.

.


    Breaking News Network

Lessors Network Shadow
Lessors Network News

The Lessors Network showcases the largest equipment lease finance community on the Web publishing industry relevant news, press releases, legislative and regulatory updates aggregated from trusted global resources.


.
.
SEC Accuses Montecito Man, Leasing Company of Defrauding Investors
.

By Tom Bolton, Noozhawk Executive Editor

A Montecito man and his Santa Barbara-based equipment leasing company have been charged by the U.S. Securities and Exchange Commission with defrauding investors in connection with the sales of more than $80 million in promissory notes.

The complaint, filed June 5, names Essex Capital Corp. and its founder and CEO, Ralph T. Iannelli, according to a news release issued by the SEC.

“Between 2014 and 2017, Essex Capital Corporation and its founder, Ralph T. Iannelli, made a series of false and misleading statements and illusory personal guarantees to registered investment advisers to induce them to invest millions of dollars of their clients’ money in Essex’s failing equipment leasing business,” the SEC stated.

Some 70 investors were taken in by the alleged scam through the sale of promissory notes that carried a high interest rate — typically around 8.5 percent, according to the SEC complaint.

“The SEC alleges that Essex and Iannelli provided one investment adviser with fake financial statements that overstated Essex’s assets by more than $20 million, and falsely told another investment adviser that Essex would assign equipment leases to its clients when the same leases had already been pledged as collateral for bank loans.”

Blue Arrow   Continue Viewing This Noozhawk Story


.
  Free Headlines In Your Inbox
Lessors Network Shadow
Email Alerts
.
Every day we send out free Email Alerts with the most important headlines of the last 24 hours,
(excluding slow news days).
.
.
 Blue Arrow 
Lessors Network  Membership
Lessors Network Shadow
Lessors Network Advertising
.
Our Business Is Promoting
Our Members And Annual
Dues Cover All Costs!
.
See How A Vertical Marketing Media
Network Can Get You Noticed Online
.
Blue Arrow  Learn More...
.
.


.


Arrow  About   Arrow  Contact   Arrow  Email Alerts   Arrow  Membership   Arrow  Sitemap   Arrow  Terms  
.
.
A Lessors.com, Inc. Company  |  © Copyright 1998 - 2017



.