brian oliver, aequitas

Theyve got a team that really loves entrepreneurship and is equipped with different skill sets. 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). All three are permanently barred from the securities industry. 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. They remain active in their local church as well as volunteer with several other local non-profits, and in their leisure time enjoy hiking and camping in their travel trailer when not otherwise spending time with their two adult children. Have a question about Government Services? Theyve got a team that really loves entrepreneurship and is equipped with different skill sets. An official website of the United States government. Former CFO N. Scott Gillis was required to pay a $300,000 civil penalty. The company's general counsel just quit. 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). Aequitas was allegedly a fraud on top of another fraud Corinthian Colleges, the scandal ridden for-profit college that went bankrupt in 2015. Share sensitive information only on official, secure websites. In a separate proceeding, the SEC barred the three from the securities industry. 2 executive, on Friday pleaded guilty to conspiracy to commit mail and wire fraud and conspiracy to commit money laundering. Court finds guilty pleas to be knowing and voluntary. Reset here, 1999 - 2023 citywire.com. The court also required Robert J. Jesenik, the firms former CEO, and Brian A. Oliver, its former executive vice president, to pay $940,806 and $235,928, respectively, in disgorgement and interest. Ameritrade and big law firms like Sidley Austin gave the local operation a sheen of legitimacy. 1000 SW Third Ave Suite 600 Guilty pleas entered as to Counts 1 and 2 of the Information. Investment adviser: Aequitas lied to investors, hid - oregonlive SEC Posts Notice of Covered Action Regarding Case Against Aequitas Luminaries from the downtown business establishment wanted to join the team. Plus, Jeseniks monthly legal fees approximately quadrupled after he hired new counsel in approximately March 2017. Oliver faces a maximum sentence of 30 years in prison, a $250,000 fine or twice the gross . It is being prosecuted by Scott E. Bradford and Ryan W. Bounds, Assistant U.S. Brian Oliver - Technical Specialist - BCX | ZoomInfo They are also prohibited from violating the SECs antifraud provisions. 04/19/2019 14 Plea Petition and Order Entering Plea as to Defendant Brian A. Oliver. Main Office: Federal regulators claimed that Aequitas executives misled investors for years about the companys true financial condition. Brian Oliver - Senior Business Advising Specialist - Cathedral Consulting 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? 04/19/2019 11 Waiver of Indictment by Brian A. Oliver (schm) (Entered: 04/19/2019) The recent filings indicate several additional Aequitas executives, like Rice and MacRitchie, are in harms way. Oliver is the first former Aequitas Capital executive to be criminally charged. Brian has been a Senior Advisor with Cathedral Consulting since 2017. | Link Errors 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. A locked padlock If you purchase a product or register for an account through one of the links on our site, we may receive compensation. There was no more hiding the fact that Aequitas was broke. Aequitas investors lost about $600 million after the collapse. I have really enjoyed working with Seth, Brian and the Cathedral team. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. 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. Email USAO-OR. It is believed that since he was ousted from Aequitas, Jesenik has been. There are also questions about whether Jesenik and other defendants spent the money appropriately. In anticipation of the institution of these proceedings, Respondent has submitted an Offer . The firm sold more than $300 million worth of private investment notes, mostly through financial advisers. 3 Executives of Aequitas Management LLC Charged for Fraud All material subject to strictly enforced copyright laws. Former Aequitas CEO and Senior Executives Indicted in Fraud and Money Oliver, former second-in-command at Aequitas, pleads guilty to fraud Marketing? Government summarized charges and terms of plea agreement. 18:1957 CONSPIRACY TO COMMIT MONEY LAUNDERING 2 executive, on Friday pleaded guilty to conspiracy to commit mail and wire fraud and conspiracy to commit money laundering. Official websites use .gov Add Andrew MacRitchie and Brian Rice, second and third from right, to the list of former Aequitas executives now facing substantial legal defense costs. 2023 RIA Intel, an Institutional Investor Publication. Attorneys for the District of Oregon. On or about January 12, 2015, Aequitas entered into a loan agreement with Wells Fargo to establish a $100 million line of credit. [More: Aequitas meltdown underscores the importance of due diligence, caution]. Use of editorial content without permission is strictly prohibited|All rights reserved, Securities and Exchange Commission complaint filed in 2016, Aequitas meltdown underscores the importance of due diligence, caution, Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto, Morgan Stanley ESG ETFs get the cold shoulder, HSA participants fail to take full advantage of tax trifecta, Investors keep dumping Blackstone REIT shares, Striving to win at compassion? Rueben Iniguez, a lawyer in the federal defenders office in Portland, is representing Jesenik. He will be sentenced on August 5, 2019before U.S. District Court Judge Michael W. Mosman. This story was revised on Aug. 21, 2020 to correct some details about Brian Rices professional background. 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. 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. Brians experience encompasses a variety of positions across commercial banking, investment banking, alternative asset management, and business advisory services. SECURITIES AND EXCHANGE COMMISSION v. AEQUITAS MANAGEMENT, LLC - Leagle 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. Waiver of indictment signed and accepted by the Court. Gillis was the second Aequitas chief financial officer. In these roles, he was responsible for directing Aequitass overall financial policies and accounting functions. The sentencing for former Aequitas Capital executive Brian Oliver has been moved again. Also charged are Nelson Scott Gillis, 67, of Lake Oswego, Oregon; Brian K. Rice, 54, of Portland; and Andrew N. MacRitchie, 56, formerly of Palm Harbor, Florida. In reporting on the Aequitas claim, a local publication, The Oregonian, wrote: "Aequitas never gained the local reputation for integrity and savvy that its executives longed for. The firm sold more than $300 million worth of private investment notes, mostly through financial advisers. ORDER Presentence Report to be prepared by U.S. The final judgments prohibit Jesenik, Oliver, and Gillis from serving as officers or directors of any public company. Gillis was the second Aequitas chief financial officer. All Rights Reserved. By early January 2016, Aequitass general counsel advised Gillis and other executives that the company would soon default on payments due to Private Note investors, causing an event of default on Aequitass loan agreement with Wells Fargo. Secure .gov websites use HTTPS It entered into a deal to buy student loans from Corinthian, the notorious for-profit college. Share sensitive information only on official, secure websites. Brian received a Bachelor of Science degree from Oregon State University. Longtime Aequitas No. A native of the United Kingdom, he served as the British honorary consul in Portland for several years. Portland, Oregon 97204 A .gov website belongs to an official government organization in the United States. A .gov website belongs to an official government organization in the United States. YouTubes privacy policy is available here and YouTubes terms of service is available here. But it appears they are far from done. Secure .gov websites use HTTPS 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. SEC Charges Oregon-Based Investment Group and Executives With Between 2011 and 2014, Aequitas purchased more than $561 million in student loan debt, almost all of which was with Corinthian. Brian provides Cathedral particular expertise in leading Merger & Acquisition transactions and arranging Corporate Finance solutions for its clients, after having been involved in extensive transactions of all sizes throughout his career. The Oregonian first reported the criminal charges and guilty plea. Theyve recovered much of that money in a series of civil lawsuits against the professional firms that worked for Aequitas. Timothy Laniers firm in Neptune Beach, Florida, focuses on serving doctors and health care executives. Aequitas investors filed a $350 million class-action lawsuit in April 2016, less than a month after the SEC charged Aequitas Management LLC and four affiliates, as well as three executivesCEO Robert Jesenik, executive vice president Brian Oliver, and CFO and chief operating officer N. Scott Gilliswith hiding the deteriorating financial Aequitas Management, the Oregon-based RIA accused in 2016 of running a massive Ponzi-like scheme, and its top executives have finally settled with the Securities and Exchange Commission. 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. Main Office: As such, he was responsible for the development and implementation of risk management and compliance processes and procedures. Please read our Terms and Conditions, Modern Slavery Act Transparency Statement, and Privacy Policy before using the site. But much of that money has already been spent. Wealth Management as an industry doesnt understand direct real estate and real estate certainly doesnt understand wealth management, says Realized founder David Wieland. Over the last few years Cathedral has really provided sage advice as weve been growing our green building companies. Some money from new investors was allegedly used to pay earlier investors Signed on 4/19/19 by Magistrate Judge Stacie F. Beckerman. The high-interest loans were terrible for students. | Articles As previously reported by RIA Intel, Aequitas claimed to manage $1.67 billion before it collapsed, which would likely make its downfall Oregons biggest-ever investment scandal. The third policy is now being consumed even though the criminal case is just getting underway and the pool of potential defendants is expanding. 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. Janke becomes second Aequitas executive to plead guilty; could get Have a question about Government Services? Prosecutors' wide net: Prominent Portland executives sucked into The company's general counsel just quit. 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. | Privacy Statement. Get started today before this once in a lifetime opportunity expires. Aequitas Capital Management Lawsuit - Law Meg Scott Bradford is the lead prosecutor on the case. 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. A .gov website belongs to an official government organization in the United States. Brian and his wife of 30 years live in Aurora, Oregon where they raised their family. 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. By the time he left, he was also in charge of Key Banks operations in Washington and Alaska. In addition, it said Gillis agreed to be permanently suspended from appearing and practicing before the SEC as an accountant and cannot work as an auditor for pubic companies. PDF SEC Complaint: Aequitas Management, LLC; Aequitas Holdings, LLC District of Oregon | Former Aequitas Owner and Chief Financial Officer Much of the cash went to make the payments owed to other investors. SEC files Complaint against Aequitas Management - Fishman Haygood 2020 update: Aequitas investors recoup some money. 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. An official website of the United States government. The firm purchased or invested in other financial firms, many of them glorified debt collectors. Three other former Aequitas executives, including a former Portland bank president and a senior utility executive, were also charged. By that time, it was clear to Aequitas executives the company was in deep financial trouble., Kayser added. Attorneys for the receiver now in charge of Aequitas, have voiced alarm at the share of the insurance money spent by Jesenik. If you missed the last issue of InvestmentNews, you can access it here. Oliver is the 25% owner of Aequitas Management and an Executive Vice President of the Entity Defendants. Attorney Billy J. Williams announced today that Brian A. Oliver,a former owner and executive vicepresident of Aequitas Management, LLC and several other Aequitas . Investors had been bilked out of hundreds of millions of dollars, the SEC said. | Recent Lawyer Listings Email USAO-OR. 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. Official websites use .gov 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. Gillis was charged alongside former Aequitas CEO Robert J. Jesenik, 62, of West Linn, Oregon, and former Aequitas executives Brian K. Rice, 55, of Portland, and Andrew N. MacRitchie, 56, formerly of Palm Harbor, Florida. Sentencing for No. 2 Aequitas executive Brian Oliver moved to February 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 Once a high-flying Lake Oswego . A lock ( 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. Cookie Settings/Do Not Sell My Personal Information. The SEC alleges that CEO Robert J. Jesenik and executive vice president Brian A. Oliver were well aware of the firm's dire financial status but continued to solicit hundreds of millions of dollars in investments to stave off the firm's complete collapse. Youve missed the point, Anxiety over tax refunds on the rise, Bankrate.com study shows, Gensler steps up warnings to money managers. 1000 SW Third Ave Suite 600 Community Rules apply to all content you upload or otherwise submit to this site. brian oliver, aequitas brian oliver, aequitas Home Realizacje i porady Bez kategorii brian oliver, aequitas Court orders Aequitas to disgorge $453 million in fraud case SEC bars Aequitas execs after $540m judgement against Oregon firm

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