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 The company opened slick new offices in New York City. 04/19/2019 13 Plea Agreement as to Brian A. Oliver (kms) (Entered: 04/19/2019) Jesenik will have to pay $1.57 million in disgorgement, interest and penalties, while Oliver will pay $235,928 in disgorgement and interest, and Gillis will pay a $300,000 civil penalty.
Defunct Aequitas misled investors, cooked books, ran Ponzi - oregonlive Attorney Billy J. Williams announced today that Brian A. Oliver,a former owner and executive vicepresident of Aequitas Management, LLC and several other Aequitas . A federal court in Oregon entered final judgments against Aequitas Management requiring the firms receiver to pay $453 million in disgorgement. He was even on the board of the Arlington Club. Signed on 4/19/19 by Magistrate Judge Stacie F. Beckerman. Gillis faces a maximum sentence of 30 years in prison, an $8.4 million fine, and five years supervised release. 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. By late 2015, Aequitas was suffering one of its periodic cash flow crises. 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? 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.
Brian A Oliver, Aequitas Capital Mgmt Inc: Profile and Biography Brian Mariash, James Lowther and their team will operate as Mariash Lowther Wealth Management in Sarasota, Florida. Oliver was originally scheduled to be sentenced on Aug. 5, but the sentencing date was moved to Nov.. It was actually a giant Ponzi scheme, they said, in which the company relied on money from new investors to repay the old. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Lock An official website of the United States government. Theyve got a team that really loves entrepreneurship and is equipped with different skill sets. 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. 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. An official website of the United States government. Brian Oliver and Olaf Janke, former senior Aequitas executives, have in recent months cut plea deals with federal prosecutors. 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. The company's general counsel just quit. 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. But the defendants have already spent more than $10 million on legal costs, exhausting the first two policies. Aequitas was allegedly a fraud on top of another fraud Corinthian Colleges, the scandal ridden for-profit college that went bankrupt in 2015. 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. Rueben Iniguez, a lawyer in the federal defenders office in Portland, is representing Jesenik. Oliver is the 25% owner of Aequitas Management and an Executive Vice President of the Entity Defendants. ) or https:// means youve safely connected to the .gov website. 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).
Investors agree to $234.6M in settlements in Aequitas was - Portland Signed on 4/19/2019 by Judge Michael W. Mosman. 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. He was the British honorary consul to Portland. Its not just the amount of insurance money that went to Jesenik that concerns the receiver. 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. Brian Oliver and Olaf Janke, former senior Aequitas executives, have in recent months cut plea deals with federal prosecutors. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek".
Defendant advised of rights. Email USAO-OR. Marketing? Official websites use .gov On August 11, 2020, the U.S. Attorneys Officeannounced that Gillis had been charged in a 34-count indictment with conspiracy to commit mail and wire fraud, wire fraud, bank fraud, and money laundering. Realized Launches Game Changing Platform for Direct Real Estate Investment, The CFP Board Calls Out Crypto in Code of Ethics and Standards, Modern Slavery Act Transparency Statement. He will be sentenced on June 27, 2023 by U.S. District Court Judge Michael H. Simon. YouTubes privacy policy is available here and YouTubes terms of service is available here. PORTLAND, Ore.U.S. He argues he needs the money to help defray losses suffered by Aequitas investors. That has changed as the criminal case nears the indictment stage. He declined to comment. The company had three policies each for $5 million of coverage. As part of his plea agreement, Gillis has also agreed to pay restitution as determined by the government and ordered by the court.
PDF Former Aequitas Owner and Executive Vice President Pleads Guilty - DOL I have really enjoyed working with Seth, Brian and the Cathedral team.. But much of that money has already been spent.
Aequitas Capital Management Lawsuit - Law Meg More Local News to Love Start today for 50% off Expires 3/6/23. All three are permanently barred from the securities industry. Ledger left the company in 2005 in a highly controversial and public way. The Government does not seek detention and Defendant is released on conditions. John Deere boasted record profits in 2021 and finally struck a deal with striking union workers. Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team. 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. As Aequitas grew, its profile in the community also increased. Brian has been a Senior Advisor with Cathedral Consulting since 2017. 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. 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 - Senior Advisor & President, Cathedral Finance 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. Official websites use .gov They hurt a whole lot of people.. Share sensitive information only on official, secure websites. Please read our Terms and Conditions, Modern Slavery Act Transparency Statement, and Privacy Policy before using the site. If you missed the last issue of InvestmentNews, you can access it here. 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.
Aequitas Settles With SEC for $540 Million as Three Top - RIAIntel 2 executive Brian Oliver pleaded guilty to the same charges in April. Attorneys for the District of Oregon.
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Aequitas Management, LLC, et al. (Release No. LR-23485; March 11, 2016) Sentencing materials are due no later than 7/31/2019. SEC charges advisor over Aequitas conflicts of interest. In these roles, he was responsible for directing Aequitass overall financial policies and accounting functions. There was no more hiding the fact that Aequitas was broke. There was the commercial lender. Have a question about Government Services? Lock
B. A locked padlock He pled guilty but has not yet been sentenced. Learn more about reprints and licensing for this article. Between 2011 and 2014, Aequitas purchased more than $561 million in student loan debt, almost all of which was with Corinthian. Have a question about Government Services? The Oregonian first reported the criminal charges and guilty plea. Brian A Oliver is Exec VP & Pres:Financial Svcs at Aequitas Capital Mgmt Inc. See Brian A Oliver's compensation, career history, education, & memberships. 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
The firm sold more than $300 million worth of private investment notes, mostly through financial advisers. In a separate proceeding, the SEC barred the three from the securities industry. Reset here, 1999 - 2023 citywire.com. Plus, Jeseniks monthly legal fees approximately quadrupled after he hired new counsel in approximately March 2017. Portland, Oregon 97204
No criminal charges have been filed against Bob Jesenik, Aequitas co-founder and CEO. Court finds defendant capable and competent to enter plea. The new indictments bring to six the number of former Aequitas executives charged with defrauding investors. Former CFO N. Scott Gillis was required to pay a $300,000 civil penalty. District of Oregon
brian oliver, aequitas There are also questions about whether Jesenik and other defendants spent the money appropriately.
SEC Posts Notice of Covered Action Regarding Case Against Aequitas