Roofing firm boss indicted

Michael A. Long, a partner in the Las Vegas roofing company of Raneri and Long Inc., was indicted by a federal grand jury on charges he hid over $50,000 in cash before and after filing for bankruptcy and then lied about it.

The 52-count indictment, filed Wednesday, also alleges that in the July 1994 bankruptcy filing Long failed to reveal his ownership and interests in National Roofing Co. and a ranch that boards horses.

Income from those operations and from the sale of horses were "fraudulently" left off the bankruptcy disclosure forms, the indictment alleges.

Long, however, did list about $150,000 in gambling winnings for the years of 1992-1994, court documents indicated.

The criminal charges include concealing assets, perjury, money laundering, conspiracy and filing false tax returns.

One of the perjury counts alleges Long failed to report in bankruptcy documents that he owed $232,000 to John H. Rosasco and his Roofing Equipment and Supply Co. and continued making payments on the debt.

The indictment, obtained by Assistant U.S. Attorney Ray Rukstele, alleges Long was aided in the scheme by Elsie Moreno, the bookkeeper and office manager for Raneri and Long Roofing. She was identified as a "co-conspirator" but not charged in the indictment.

Long's hidden funds were funneled through a bank account in Moreno's name, the federal documents contend.

Long's attorney, Dave Porter of San Francisco, was not available for comment.

Raneri and Long Roofing was incorporated in 1982, and court documents list Long as the president and managing executive officer.

Although Long's father, Billy Long, is listed as president of National Roofing Co., the indictment states that the defendant actually is the owner and managing executive.

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