All material subject to strictly enforced copyright laws. Oliver was the primary fundraiser for ACF and the Aequitas Funds and a member of the management committees responsible for selecting or approving the investments made with investor . Brian Oliver and Olaf Janke, Aequitas chief financial officer before Gillis, pleaded guilty to similar charges. 2023 InvestmentNews LLC. Get started today before this once in a lifetime opportunity expires. President, Cathedral Finance|Senior Advisor. There was the company that bought bad debt from hospitals for pennies on the dollar and then tried to collect on the debt. Rice, a longtime Portland banker who eventually became regional president for Key Bank, gave up the big downtown office to join Aequitas in 2014. The agency on Wednesday barred Aequitas partial owner and chief executive Robert Jesenik, 60, partial owner and executive vice president Brian Oliver, 55, and former chief financial officer N. Forgot your password? The final judgments prohibit Jesenik, Oliver, and Gillis from serving as officers or directors of any public company. Irvine, California-based Eric Gallinger is affiliating with LPL through Stratos Wealth Partners. He will be sentenced on June 27, 2023 by U.S. District Court Judge Michael H. Simon. The agency on Wednesday barred Aequitas partial owner and chief executive Robert Jesenik, 60, partial owner and executive vice president Brian Oliver, 55, and former chief financial officer N. Scott Gillis, 66, from the securities industry for their roles in a scheme that bilked hundreds of millions from investors. SEC v. Aequitas Management, LLC; Aequitas Holdings, LLC; Aequitas Commercial Finance, LLC; Aequitas Capital Management, Inc.; Aequitas Investment Management, LLC; Robert J. Jesenik; Brian A. Oliver; and N. Scott Gillis Case Number: 16-cv-00438 (United States District Court for the District of Oregon) Date Filed: March 10, 2016 It is being prosecuted by Ryan W. Bounds, Christopher Cardani and Siddharth Dadhich, Assistant U.S.
PDF SEC Complaint: Aequitas Management, LLC; Aequitas Holdings, LLC U.S. Attorney's Office, District of Oregon, Criminal conspiracy could have cost investors more than $600 million, Former Aequitas Owner and Executive Vice President Pleads Guilty in Fraud and Money Laundering Conspiracy, Salem Man Pleads Guilty for Using Twitter to Threaten Violence Against Robinhood Employees, FBI and Partners Issue National Public Safety Alert on Financial Sextortion Schemes, Armed Robbery Crew Posing as DEA Agents Charged in Federal Court, Former Aequitas Owner and Executive Vice President Pleads Guilty In Fraud and Money Laundering Conspiracy. 04/19/2019 14 Plea Petition and Order Entering Plea as to Defendant Brian A. Oliver. Aequitas specialized in debt. Have a question about Government Services? A .gov website belongs to an official government organization in the United States. Another was a utility executive who helped change Portlands business landscape. On March 10, 2016, the Securities and Exchange Commission (" SEC ") filed a complaint in this Court against the Entity Defendants 1 and three individual defendants, Robert J. Jesenik, Brian A. Oliver, and N. Scott Gillis. He declined to comment. This case is being investigated by the FBI, IRS-Criminal Investigation, and the U.S. Department of Labor Employee Benefits Security Administration. The fallout continues in the Aequitas Management scandal, which has produced guilty pleas, jail sentences, big-dollar fines and, now, additional bans from the industry by the Securities and Exchange Commission (SEC). He was even on the board of the Arlington Club. Portland, Oregon 97204
Court finds defendant capable and competent to enter plea. SEC charges advisor over Aequitas conflicts of interest. By that time, it was clear to Aequitas executives the company was in deep financial trouble., Kayser added. Between 2011 and 2014, Aequitas purchased more than $561 million in student loan debt, almost all of which was with Corinthian. The court appointed receiver now in charge of whats left of Aequitas opposes Rices and MacRitchies request for access to the insurance money. II. In a divorce settlement filed with the court, it's. Now both have been sucked into the criminal fraud investigation of the collapsed firm. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Please sign in or register to comment. More Local News to Love Start today for 50% off Expires 3/6/23. Defendant advised of rights. Share sensitive information only on official, secure websites. All three are permanently barred from the securities industry. 2023 Advance Local Media LLC. Brian received a Bachelor of Science degree from Oregon State University. They are Brian Rice, who formerly headed Key Banks operations in much of Oregon, Andrew MacRitchie, The Scotland native who came to Portland when when Scottish Power purchased PacifiCorp, and N. Scott Gillis, the former chief financial officer. Counsel Present for Plaintiff: Scott Bradford, Ryan Bounds. ) or https:// means youve safely connected to the .gov website. Both Rice and MacRitchie were high-profile Portland executives before joining Aequitas.
Claim Data and Trends - EPIC Insurance Brokers & Consultants RIA Intel is part of Delinian. As such, he was responsible for the development and implementation of risk management and compliance processes and procedures. U.S. Attorney's Office, District of Oregon, Former Aequitas Senior Executive and Chief Financial Officer Pleads Guilty to Making False Statements to a Creditor, Forsage Founders Indicted in $340M DeFi Crypto Scheme, Russian Cryptocurrency Money Launderer Pleads Guilty, Former Fugitive Wanted in Oregon for Real Estate Scam Pleads Guilty, Former Aequitas Senior Executive and Chief Financial Officer Pleads Guilty To Making False Statements To a Creditor.
Bob Jesenik, three other former Aequitas executives - Oregonlive The Oregonian first reported the criminal charges and guilty plea. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local.
Janke becomes second Aequitas executive to plead guilty; could get With love for the 60/40 portfolio fading, 50/30/20 looks to be the cool new kid on the block. Theyve got a team that really loves entrepreneurship and is equipped with different skill sets.
SEC v. Aequitas Management, LLC; Aequitas Holdings, LLC; Aequitas The high-interest loans were terrible for students. All rights reserved (About Us). Secure .gov websites use HTTPS B. Greenspan uncovered a remarkable email exchange between Aequitas co-founder Brian Oliver and Andrew MacRitchie, the firm's one-time chief compliance officer, which seems to indicate they were. Brian A. Oliver, a former owner and executive vice president of Aequitas Management, LLC and several other Aequitas-related companies pleaded guilty to conspiring to commit mail and wire fraud and money laundering. In January 2014, shortly before joining Aequitas, he was named to the Portland board of directors of the Federal Reserve Bank of San Francisco. Aequitas borrowed funds from other financial institutions, including Wells Fargo Bank, N.A., to purchase these trade receivables. 0. Attorneys for the District of Oregon. In a separate proceeding, the SEC barred the three from the securities industry. Subsequent reports detailed Aequitas default on its debt, the resulting panic among investors, the secret conflicts, and the firms strange cultural mashup -- part Wall Street investment bank, part frat party, part Bible class. Brian Oliver - Senior Advisor & President, Cathedral Finance - Cathedral Consulting | LinkedIn Brian Oliver At Cathedral we help entrepreneurs with momentum build value in their business. The Aequitas entities, Jesenik, and Gillis consented to the entry of final judgment without admitting or denying the SECs allegations. More Local News to Love Start today for 50% off Expires 3/6/23. Thom Maher is launching a firm, Maher Wealth Management, in Phoenix.
Investment adviser: Aequitas lied to investors, hid - oregonlive On January 26, 2023, a California man who evaded federal authorities for more than two decades after being convicted at trial and who was wanted in District of Oregon for District of Oregon
Then Corinthian went bankrupt. On or about January 12, 2015, Aequitas entered into a loan agreement with Wells Fargo to establish a $100 million line of credit.
SEC files Complaint against Aequitas Management - Fishman Haygood An official website of the United States government. As part of their plea agreements, they have both agreed to pay restitution in full to their victims as determined and ordered by the court. Defendant proceeds as named. Accounting giant Deloitte, stock trader T.D. In these roles, he was responsible for directing Aequitass overall financial policies and accounting functions. Have a question about Government Services? ORDER Presentence Report to be prepared by U.S. Brian A Oliver is Exec VP & Pres:Financial Svcs at Aequitas Capital Mgmt Inc. See Brian A Oliver's compensation, career history, education, & memberships.
SECURITIES AND EXCHANGE COMMISSION v. AEQUITAS MANAGEMENT, LLC - Leagle The company's general counsel just quit.
PDF Former Aequitas Owner and Executive Vice President Pleads Guilty - DOL View limitations & usage restriction, Breaking news, analysis and cutting edge commentary from our award-winning team and leading industry voices, The latest news and other relevant content from selected Citywire partners. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). It is believed that since he was ousted from Aequitas, Jesenik has been. MacRitchie was the companys executive vice president and chief compliance officer. Cookie Settings/Do Not Sell My Personal Information.
District of Oregon | Former Aequitas Owner and Executive Vice President PORTLAND, Ore.U.S. Main Office:
There was the commercial lender. Brian and his wife of 30 years live in Aurora, Oregon where they raised their family. The Oregon firm thought it had hit the motherlode when it got into the college debt business. Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, AllianceBernstein Wins China Approval to Set Up Mutual Fund Unit, Sorry, Fed, Most US Mortgage Rates Were Locked in During Pandemic Lows, Fed Says MoreRate Hikes Are Needed to Curb Inflation, US Service Sector Expands More Than Forecast Suggesting Hiring Success, VW Will Build a $2 Billion Electric Truck and SUV Plant in South Carolina, Saudi Wealth Fund in Talks to Buy Rocco Forte Hotels Stake, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, SoftBanks Son to Join Modi at Oyo Founders Wedding Gala, US-Sanctioned Huawei Makes a Show of Force at Mobile Conference, Hong Kong Court Convicts Activists Behind Tiananmen Vigil, Bidens About-Face on DC Crime Bill Shows Democrats on Defensive, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, NYC TikTok Dating Diary Chronicles Love in the Time of Inflation, Tom Sizemore, 'Saving Private Ryan' actor, dies at 61, AP Says, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece, Video Roundup: Opinions Must-See Footage of the Week, How Democrats Got Away From Third Way Politics, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Panic Over Metals for EVs Goes All the Way to Automakers C-Suites, Rivian Tells Staff EV Output May Be 24% More Than Forecast, What Do You Want to See in a Covid Memorial? In a separate administrative proceeding, Jesenik, Oliver, and Gillis were barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical ratings organization, the SEC said.
Collectively, the defendants also failed to disclose other critical facts about the company, including its near-constant liquidity and cash-flow crises, the use of investor money to repay other investors and to defray operating expenses, and the lack of collateral to secure funds. | Recent Lawyer Listings Jesenik, a former resident of West Linn, Oregon, is charged in a 32-count indictment with conspiracy to commit mail and wire fraud, wire fraud, bank fraud, and money laundering. 04/19/2019 10 Minutes of Proceedings: First Appearance on Information and Arraignment held before Magistrate Judge Stacie F. Beckerman as to Defendant Brian A. Oliver on 4/19/2019. The current Aequitas Capital Management lawsuit was brought on by the heirs of Matthew Ledger. All rights reserved (About Us). Counsel Present for Defendant: Whitney Patrick Boise and Kendra M. Matthews.
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