brian oliver, aequitas brian oliver, aequitas

This special highlights the best of the fifth annual event which was held in Singapore from November 14-17. If the sentencing materials are not received on time or the Court is not advised that none will be filed, the sentencing may be rescheduled. CEO Robert Jesenik will have to pay $1.57 million to settle fraud charges, while executive vice president Brian A. Oliver and former CFO N. Scott Gillis will each have to pay hundreds of thousands of dollars as part of a consent decree finalized in Oregon federal court on April 13. Brians experience encompasses a variety of positions across commercial banking, investment banking, alternative asset management, and business advisory services. Brian Rice and Scott Gillis, two of the company's six senior partners, resigned in recent weeks. The high-interest loans were terrible for students. Longtime Aequitas No. Counsel Present for Defendant: Whitney Boise, Kendra Matthews. Probation. Aequitas also had tentacles spread throughout the RIA world. He will be sentenced on August 5, 2019before U.S. District Court Judge Michael W. Mosman. Portland, Oregon 97204 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. Secure .gov websites use HTTPS 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 The Lake Oswego, Ore.-based investment management firm was the subject of a Securities and Exchange Commission complaint filed in 2016 alleging that Aequitas defrauded more than 1,500 investors into believing they were putting their money into health care, education and transportation investments when their money was being used primarily in a Ponzi-like fashion. The company's general counsel just quit. Not guilty pleas and denial of forfeiture allegation entered. An official website of the United States government. They've got that too. Five of the six senior Aequitas executives have been charged with federal crimes or have pleaded guility. Defendant proceeds as named. Recently, MacRitchie has incurred defense costs in connection with the DOJ investigation and expects to continue to incur Defense Costs in that matter, his lawyer said in a court filing. 0. MacRitchie was ScottishPowers point man in its efforts to buy Pacificorp and served as an executive vice president there. Scott Bradford is the lead prosecutor on the case. Cookie Settings/Do Not Sell My Personal Information. The company's general counsel just quit. Some money from new investors was allegedly used to pay earlier investors With love for the 60/40 portfolio fading, 50/30/20 looks to be the cool new kid on the block. Worse, regulators from the U.S. Consumer Financial Protection Bureau and the state Department of Justice began taking a hard look at the colleges agreement with Aequitas. 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. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Brian has over 30 years experience in providing corporate finance and consulting solutions to small and medium sized businesses. Investors had been bilked out of hundreds of millions of dollars, the SEC said. According to court documents, Oliver, 54, of Aurora, Oregon, and unnamed co-conspirators used the Lake Oswego, Oregon, based company to solicit investments in a variety of notes and funds, many of which were purportedly backed by trade receivables in education, health care, transportation, and other consumer credit areas. A federal grand jury in the District of Oregon returned an indictment today charging four founders of Forsage, a purportedly decentralized finance (DeFi) cryptocurrency investment platform, for their roles in On February 6, 2023, a Russian cryptocurrency money launderer previously extradited from the Netherlands to face charges in the District of Oregon pleaded guilty in federal court. Its been a long time coming, Kayser said. An official website of the United States government. Bob Jesenik has not been criminally charged. (Entered: 04/19/2019) No criminal charges have been filed against Bob Jesenik, Aequitas co-founder and CEO. Marketing? Bob Jesenik and Brian Oliver, the long-time chief executive and second-in-command at the Lake Oswego financial firm, said any misstatements they may have made to investors were simply. Lock Brian Oliver, Aequitas Capital's longtime No. 04/19/2019 11 Waiver of Indictment by Brian A. Oliver (schm) (Entered: 04/19/2019) Attorney Billy J. Williams announced today that Olaf Janke, a former owner and chief financial officer of Aequitas Management, LLC and several other Aequitas-owned entities, has pleaded guilty to conspiring to commit mail and wire fraud and money laundering. In what could be the largest settlement of a securities lawsuit in Oregon history, settlements of at least $234.6 million have been secured for some 1,600 investors in a class action against third. PORTLAND, Ore.U.S. Plus, three other Aequitas defendants former second-in-command Brian Oliver and N. Scott Gillis and Olaf Janke, former Aequitas chief financial officers have pleaded guilty to fraud and. Sentencing is set for 8/5/2019 at 9:00AM in Portland before Judge Michael W. Mosman. He committed suicide in an attempt to hide . Cookie Settings/Do Not Sell My Personal Information. Secure .gov websites use HTTPS Theyve got a team that really loves entrepreneurship and is equipped with different skill sets. Former CFO N. Scott Gillis was required to pay a $300,000 civil penalty. Defendant advised of rights. Rueben Iniguez, a lawyer in the federal defenders office in Portland, is representing Jesenik. Share sensitive information only on official, secure websites. brian oliver, aequitas brian oliver, aequitas Home Realizacje i porady Bez kategorii brian oliver, aequitas 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). He pled guilty but has not yet been sentenced. MacRitchie oversaw all Aequitas accounting, legal, and audit functions, and participated in fundraising. I have really enjoyed working with Seth, Brian and the Cathedral team. It began to default on the interest payments owed its legion of mom and pop investors. He was the British honorary consul to Portland. Gillis, who was previously indicted for conspiring to submit false statements to a federally insured creditor, was the companys chief operating officer and chief financial officer. Oliver faces a maximum sentence of 30 years in prison, a $250,000 fine or twice the gross . PORTLAND, Ore.U.S. Ameritrade and big law firms like Sidley Austin gave the local operation a sheen of legitimacy. He established and maintained the companys accounting principles, practices, procedures and initiatives, prepared financial reports and presented findings and recommendations to the executive teams, and oversaw all financial functions. Court finds guilty pleas to be knowing and voluntary. The new indictments bring to six the number of former Aequitas executives charged with defrauding investors. By the time Corinthian filed for bankruptcy and students went on strike refusing to pay their loans some 75% of the receivables of the Aequitas notes came from the for-profit scam, according to RIA Intels first story on Aequitas. On March 16, 2016, pursuant to the Stipulated Interim Order Appointing Receiver, the Receiver was appointed as receiver . Brian Rice and Andrew MacRitchie left their corporate posts for jobs at Aequitas Capital. 2 executive Brian Oliver pleaded guilty to the same charges in April. The complaint also alleges that Aequitas Capital Management Inc. and Aequitas Investment Management LLC violated Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder, and that Jesenik, Oliver, and Gillis aided and abetted the violations of Aequitas and the affiliated entities. Brian Rice and Scott Gillis, two of the company's six senior partners, resigned in recent weeks. In a separate proceeding, the SEC barred the three from the securities industry. Government summarized charges and terms of plea agreement. Official websites use .gov But prosecutors allege the Aequitas executives lied about the firms financial performance. Mike Esler, another attorney for Aequitas investors, credited federal prosecutors for sticking with an extremely complex case all the way to the indictment of Aequitas leader Jesenik. They agreed to plead guilty and cooperate with the government.. In a divorce settlement filed with the court, it's. Oliver faces a maximum sentence of 30 years in prison, a $250,000 fine or twice the gross monetary gains or losses resulting from his crimes, and three years supervised release. Attorney Billy J. Williams announced today that Robert J. Jesenik, 61, a former chief executive officer of Aequitas Management, LLC and several other Aequitas-owned entities, has been indicted along with three other former company executives for their roles in a fraud and money laundering conspiracy. A locked padlock Marketing? District of Oregon Main Office: He is scheduled to be. | Sign In, Verdict Corrections PORTLAND, Ore.U.S. Get started today before this once in a lifetime opportunity expires. All rights reserved (About Us). CEO Robert Jesenik will have to pay $1.57 million to settle fraud charges, while executive vice president Brian A. Oliver and former CFO N. Scott Gillis will each have to pay hundreds of thousands of dollars as part of a consent decree finalized in Oregon federal court on April 13. It is being prosecuted by Ryan W. Bounds, Christopher Cardani and Siddharth Dadhich, Assistant U.S. As part of his plea agreement, Gillis has also agreed to pay restitution as determined by the government and ordered by the court. Brian and his wife of 30 years live in Aurora, Oregon where they raised their family. 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. Lock Add Andrew MacRitchie and Brian Rice, second and third from right, to the list of former Aequitas executives now facing substantial legal defense costs. Attorney Billy J. Williams announced today that Brian A. Oliver, a former owner and executive vice president of Aequitas Management, LLC and several other Aequitas-related companies has pleaded guilty to conspiring to commit mail and wire fraud and money laundering. Federal prosecutors have already cut guilty plea deals with two former Aequitas executives. Oliver is the 25% owner of Aequitas Management and an Executive Vice President of the Entity Defendants. Waiver of indictment signed and accepted by the Court. A locked padlock 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 . The default came to attention of the U.S. Securities and Exchange Commission, which sued Aequitas in March 2016 and got the company shut down. 2023 RIA Intel, an Institutional Investor Publication. Official websites use .gov | Recent Lawyer Listings As Aequitas grew, its profile in the community also increased. Court: United States District Court for the District of Oregon (Multnomah County), Plaintiff's Attorney: Scott E. Bradford and Ryan W. Bounds, Defendant's Attorney: Kendra M. Matthews and Whitney Patrick Boise, 18:1341 and 18:1343 CONSPIRACY TO COMMIT MAIL AND WIRE FRAUD Portland, Oregon 97204 U.S. Attorney's Office, District of Oregon, Former Aequitas CEO and Senior Executives Indicted in Fraud and Money Laundering Conspiracy, 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 CEO and Senior Executives Indicted In Fraud and Money Laundering Conspiracy. Aequitas borrowed funds from other financial institutions, including Wells Fargo Bank, N.A., to purchase these trade receivables. A federal court in Oregon entered final judgments against Aequitas Management requiring the firms receiver to pay $453 million in disgorgement. One of Aequitas biggest moneymakers disappeared almost overnight. They've got that too. President, Cathedral Finance|Senior Advisor. PORTLAND, Ore.A former senior executive and chief financial officer of Aequitas Management, LLC, and several other entities formerly owned by Aequitas, pleaded guilty today to submitting a false statement to an Aequitas creditor to obtain a $4.2 million loan for the now-defunct company. 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. Main Office: Share sensitive information only on official, secure websites. ) or https:// means youve safely connected to the .gov website. The third policy is now being consumed even though the criminal case is just getting underway and the pool of potential defendants is expanding. It is believed that since he was ousted from Aequitas, Jesenik has been working for a company founded by his son: KCR Advisors LLC, based in Viero Beach, Fla. An earlier indictment against Gillis will be dismissed. Brian received a Bachelor of Science degree from Oregon State University. The company had three policies each for $5 million of coverage. Then Corinthian went bankrupt. 2023 Advance Local Media LLC. Oliver was originally scheduled to be sentenced on Aug. 5, but the sentencing date was moved to Nov.. (1) A .gov website belongs to an official government organization in the United States. Wealth Management as an industry doesnt understand direct real estate and real estate certainly doesnt understand wealth management, says Realized founder David Wieland. 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 Brian Oliver is an Executive Vice President & President, Aequitas Financial Services Network at Aequitas Capital Management based in Lake Oswego, O regon. According to court documents, Jesenik, Gillis, MacRitchie, Rice, and others used the Lake Oswego company to solicit investments in a variety of notes and funds, many of which were purportedly backed by trade receivables in education, health care, transportation, and other consumer credit areas. Until now, Rice and MacRitchie have faced minimal legal expenses. He will be sentenced on June 27, 2023 by U.S. District Court Judge Michael H. Simon. Accounting giant Deloitte, stock trader T.D. Please E-mail suggested additions, comments and/or corrections to Kent@MoreLaw.Com. Community Rules apply to all content you upload or otherwise submit to this site. This case is being investigated by the FBI, IRS Criminal Investigation, and the U.S. Department of Labor Employee Benefits Security Administration. The Aequitas entities, which are in receivership, will have to pay $540 million in disgorgement and interest as part of the final judgment. Defendant waived reading of the Information. | Advertising (chso). 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Advisors providing advice on cryptocurrency-related assets should do so with caution, according to a new report by the CFP Board. Attorney Billy J. Williams announced today that Brian A. Oliver,a former owner and executive vicepresident of Aequitas Management, LLC and several other Aequitas . B. | Editor MacRitchie, a former ScottishPower and PacifiCorp executive, said in court filings that he too has incurred defense costs in connection with the DOJ investigation. Whether prosecutors consider MacRitchie a target or witness or some other category is unclear. Once a high-flying Lake Oswego . Former Aequitas executives and co-conspirators Brian A. Oliver and Olaf Janke previously pleaded guilty to conspiring to commit mail and wire fraud and money laundering on April 19, 2019, and June 10, 2019, respectively. The Government does not seek detention and Defendant is released on conditions. A .gov website belongs to an official government organization in the United States. But the defendants have already spent more than $10 million on legal costs, exhausting the first two policies. MacRitchie, the former utility executive, was the picture of respectability. A native of the United Kingdom, he served as the British honorary consul in Portland for several years. 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. In the shadow of a turbulent future, The Bloomberg New Economy Forum brought together world leaders for face-to-face discussions on the global threats we face. Share sensitive information only on official, secure websites.