brian oliver, aequitas

Its been a long time coming, Kayser said. Brian and his wife of 30 years live in Aurora, Oregon where they raised their family. 18:1957 CONSPIRACY TO COMMIT MONEY LAUNDERING 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. 04/19/2019 13 Plea Agreement as to Brian A. Oliver (kms) (Entered: 04/19/2019) ) or https:// means youve safely connected to the .gov website. 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 Oliver was also charged criminally for his conduct. Jesenik, Rice, and MacRitchie are all on pre-trial release pending a five-week jury trial scheduled to begin on April 3, 2023. It is believed that since he was ousted from Aequitas, Jesenik has been. 2 executive, on Friday pleaded guilty to conspiracy to commit mail and wire fraud and conspiracy to commit money laundering. 1000 SW Third Ave Suite 600 Youve missed the point, Anxiety over tax refunds on the rise, Bankrate.com study shows, Gensler steps up warnings to money managers. 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. It is being prosecuted by Scott E. Bradford and Ryan W. Bounds, Assistant U.S. Former Aequitas Owner and Executive Vice President . No criminal charges have been filed against Bob Jesenik, Aequitas co-founder and CEO. Portland, Oregon 97204 The Aequitas entities, Jesenik, and Gillis consented to the entry of final judgment without admitting or denying the SECs allegations. 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. Rice included in his court filings a copy of an April 23 letter from the U.S. Attorneys office in Portland informing him that you are a subject of a federal criminal investigation concerning fraud that occurred at Aequitas.. Brian Mariash, James Lowther and their team will operate as Mariash Lowther Wealth Management in Sarasota, Florida. (Tape #FTR-9B) (gw) (Entered: 04/19/2019) 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. Nelson Scott Gillis, 69, of Lake Oswego, Oregon, pleaded guilty to one count of making a false statement to a bank. Another was a utility executive who helped change Portlands business landscape. At a hearing in U.S. District Court on Monday, Janke confirmed that as part of his plea agreement, he would oppose any sentence of less than three years. They've got that too. This case is being investigated by the FBI, IRS-Criminal Investigation, and the U.S. Department of Labor Employee Benefits Security Administration. 2023 InvestmentNews LLC. In April, Brian Oliver, Aequitas. It is being prosecuted by Scott E. Bradford and Ryan W. Bounds, Assistant U.S. 2023 Advance Local Media LLC. PDF Former Aequitas Owner and Executive Vice President Pleads Guilty - DOL 2020 update: Aequitas investors recoup some money. Rice headed Key Bank in Oregon for 12 years. | Privacy Statement. Former Aequitas CEO and Senior Executives Indicted in Fraud and Money Sam Kauffman is MacRitchies attorney. The company's general counsel just quit. The firm sold more than $300 million worth of private investment notes, mostly through financial advisers. The current Aequitas Capital Management lawsuit was brought on by the heirs of Matthew Ledger. Official websites use .gov Irvine, California-based Eric Gallinger is affiliating with LPL through Stratos Wealth Partners. Waiver of indictment signed and accepted by the Court. All material subject to strictly enforced copyright laws. Brian has been a Senior Advisor with Cathedral Consulting since 2017. He also established Aequitass New York Office and directed Aequitass Lux Fund, a Luxembourg-based fund used to solicit international investors. Oliver is the 25% owner of Aequitas Management and an Executive Vice President of the Entity Defendants. 04/19/2019 11 Waiver of Indictment by Brian A. Oliver (schm) (Entered: 04/19/2019) 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. District of Oregon | Former Aequitas Owner and Chief Financial Officer 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? Janke becomes second Aequitas executive to plead guilty; could get brian oliver, aequitas brian oliver, aequitas Home Realizacje i porady Bez kategorii brian oliver, aequitas Brian Oliver and Olaf Janke, Aequitas chief financial officer before Gillis, pleaded guilty to similar charges. MacRitchie, the former utility executive, was the picture of respectability. Thom Maher is launching a firm, Maher Wealth Management, in Phoenix. 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. Please sign in or register to comment. (See separate order.) 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. Gillis was the second Aequitas chief financial officer. He declined to comment. From June 2014 through February 2016, Oliver and others solicited investors by misrepresenting the companys use of investor money, the financial health and strength of Aequitas and its related companies, and the risks associated with its investments and investment strategies. Brian Oliver - Senior Advisor & President, Cathedral Finance - Cathedral Consulting | LinkedIn Brian Oliver At Cathedral we help entrepreneurs with momentum build value in their business. On or about January 12, 2015, Aequitas entered into a loan agreement with Wells Fargo to establish a $100 million line of credit. Investment adviser: Aequitas lied to investors | The Seattle Times The firm was growing quickly, it did business with some of the best-known investment advisors in the country, it claimed to have more than $1 billion under management. A .gov website belongs to an official government organization in the United States. Oliver faces a maximum sentence of 30 years in prison, a $250,000 fine or twice the gross . For 23 years, Brian Oliver was the classic second-in-command at Aequitas Management LLC, the earnest, low-key straight arrow to the company's colorful alpha-dog CEO Bob Jesenik. There was the commercial lender. There was the motorcycle leasing company. 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. Aequitas Capital Management Lawsuit - Law Meg With love for the 60/40 portfolio fading, 50/30/20 looks to be the cool new kid on the block. Gillis faces a maximum sentence of 30 years in prison, an $8.4 million fine, and five years supervised release. Brian Oliver, Aequitas Capital's longtime No. Aequitas investors lost about $600 million after the collapse. Sentencing for No. 2 Aequitas executive Brian Oliver moved to February 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. Marketing? Despite that advice, on or about January 15, 2016, Gillis signed and, with others, submitted to Wells Fargo an advance notice, requesting that Wells Fargo advance $4.2 million to Aequitas with a false certification that Aequitas was not confronting a potential event of default. 04/19/2019 14 Plea Petition and Order Entering Plea as to Defendant Brian A. Oliver. II. But now it has a bigger problem: farmers are revolting against restrictions on how they repair complex equipment. 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. The SECs complaint alleged that Jesenik and Oliver were aware of Aequitass calamitous financial condition yet continued to solicit millions of dollars from investors to pay the firms ever-increasing expenses and attempt to stave off the impending collapse of the business. It added that Gillis allegedly concealed the firms insolvency from investors and was aware that Jesenik and Oliver continued soliciting investors so that Aequitas could pay operating expenses and repay earlier investors with money from new investors.. An official website of the United States government. As Aequitas grew, its profile in the community also increased. A native of the United Kingdom, he served as the British honorary consul in Portland for several years. President, Cathedral Finance|Senior Advisor. SECURITIES AND EXCHANGE COMMISSION v. AEQUITAS MANAGEMENT, LLC - Leagle Have a question about Government Services? Jesenik also must pay a civil penalty of $625,000. PORTLAND, Ore.U.S. Learn more about reprints and licensing for this article. SEC Charges Oregon-Based Investment Group and Executives With Defendant sworn and examined. B. The company's general counsel just quit. On March 16, 2016, pursuant to the Stipulated Interim Order Appointing Receiver, the Receiver was appointed as receiver . There are also questions about whether Jesenik and other defendants spent the money appropriately. The firm purchased or invested in other financial firms, many of them glorified debt collectors. Email USAO-OR. This special highlights the best of the fifth annual event which was held in Singapore from November 14-17. SEC Posts Notice of Covered Action Regarding Case Against Aequitas Signed on 4/19/19 by Magistrate Judge Stacie F. Beckerman. He was the British honorary consul to Portland. Oliver also was charged criminally for his conduct and has pled guilty, but has not yet been sentenced. Counsel Present for the Government: Scott E. Bradford and Ryan W. Bounds. MacRitchie was the companys executive vice president and chief compliance officer. As U.S. Judge Magistrate Paul Papak noted in an October 2017 ruling, at that point 61 percent of the defense cost payments went to Jeseniks lawyers. PORTLAND, Ore.U.S. Oliver was the companys primary fundraiser and shared responsibility for the operation and management of Aequitas-affiliated companies and investment products as well as for the use of investor money. 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. Brian A Oliver is Exec VP & Pres:Financial Svcs at Aequitas Capital Mgmt Inc. See Brian A Oliver's compensation, career history, education, & memberships. Official websites use .gov | Editor (kms) (Entered: 04/19/2019), Home The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. The court appointed receiver now in charge of whats left of Aequitas opposes Rices and MacRitchies request for access to the insurance money. (Court Reporter Ryan White) (kms) (Entered: 04/19/2019) Claim Data and Trends - EPIC Insurance Brokers & Consultants Brian Rice and Scott Gillis, two of the company's six senior partners, resigned in recent weeks. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. 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 An official website of the United States government. 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. Plea Petition and Plea Agreement signed and accepted by the Court. All three are permanently barred from the securities industry. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. The court also required Robert J. Jesenik, the firm's former CEO, and Brian A. Oliver,. 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. 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 Over the last few years Cathedral has really provided sage advice as weve been growing our green building companies. 3 Executives of Aequitas Management LLC Charged for Fraud Ledger left the company in 2005 in a highly controversial and public way. The company had three policies each for $5 million of coverage. His attorneys have submitted bills for at least 2.7 million, far more than any other defendant. SEC charges advisor over Aequitas conflicts of interest. But this one was worse. 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. Brian Oliver President, Cathedral Finance | Senior Advisor Brian has over 30 years experience in providing corporate finance and consulting solutions to small and medium sized businesses. 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. Aequitas Management, LLC, et al. (Release No. LR-23485; March 11, 2016) Theyve recovered much of that money in a series of civil lawsuits against the professional firms that worked for Aequitas. Previously, Brian was an Executive VP, Business Development at Alternative Asset Management. It entered into a deal to buy student loans from Corinthian, the notorious for-profit college. Timothy Laniers firm in Neptune Beach, Florida, focuses on serving doctors and health care executives. If you need help with finances, they've got that covered. 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. But prosecutors allege the Aequitas executives lied about the firms financial performance. Rice acknowledged in court filings that he's a suspect in the case. 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. Community Rules apply to all content you upload or otherwise submit to this site. Aequitas collapsed in 2016 owing about $600 million to investors. Brian Oliver and Olaf Janke, former senior Aequitas executives, have in recent months cut plea deals with federal prosecutors. Please read our Terms and Conditions, Modern Slavery Act Transparency Statement, and Privacy Policy before using the site. He argues he needs the money to help defray losses suffered by Aequitas investors. Signed on 4/19/2019 by Judge Michael W. Mosman. As such, he was responsible for the development and implementation of risk management and compliance processes and procedures. 2023 RIA Intel, an Institutional Investor Publication. Share sensitive information only on official, secure websites. | Store MacRitchie oversaw all Aequitas accounting, legal, and audit functions, and participated in fundraising. Oliver was a partial owner and Executive Vice President of Aequitas Management, LLC ("Aequitas Management . Federal prosecutors have already cut guilty plea deals with two former Aequitas executives. Advisors providing advice on cryptocurrency-related assets should do so with caution, according to a new report by the CFP Board. It began to default on the interest payments owed its legion of mom and pop investors. 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. Aequitas Settles With SEC for $540 Million as Three Top - RIAIntel According to court documents, Aequitas created and operated investment funds that purchased trade receivables in education, health care, transportation, and other consumer credit areas. Brian Oliver - Technical Specialist - BCX | ZoomInfo 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. Marketing? 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Secure .gov websites use HTTPS The firm sold more than $300 million worth of private investment notes, mostly through financial advisers. This case is being investigated by the FBI, IRS Criminal Investigation, and the U.S. Department of Labor Employee Benefits Security Administration. The Oregonian/OregonLive began investigating Aequitas in 2014, when it linked the firm to accusations of predatory student loans at Corinthian. District of Oregon | Former Aequitas Senior Executive and Chief | Sign In, Verdict Corrections He will be sentenced on August 5, 2019before U.S. District Court Judge Michael W. Mosman. 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. More Local News to Love Start today for 50% off Expires 3/6/23. They agreed to plead guilty and cooperate with the government.. Email USAO-OR. Plus, Jeseniks monthly legal fees approximately quadrupled after he hired new counsel in approximately March 2017. If convicted on all charges, each of the defendants could face decades in prison and millions of dollars in fines and restitution, as well as five years supervised release following their prison terms. There was the company that bought bad debt from hospitals for pennies on the dollar and then tried to collect on the debt. | Articles Rice, a longtime Portland banker who eventually became regional president for Key Bank, gave up the big downtown office to join Aequitas in 2014. SEC v. Aequitas Management, LLC; Aequitas Holdings, LLC; Aequitas Once a high-flying Lake Oswego . Official websites use .gov The company opened slick new offices in New York City. 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. Rice, former president of Key Bank of Oregon, acknowledged in recent court filings that he is a target in the case. Arraignment held for Defendant Brian A. Oliver on Counts 1 and 2 of the Information. PORTLAND, Ore.U.S. Left to right they are Bob Jesenik, Scott Gillis, Craig Froude (not charged with any crime,) Brian Rice, Andrew MacRitchie and Brian Oliver. According to a Complaint filed on March 10, 2016 in Oregon federal district court, the SEC has brought claims against Aequitas Management, LLC (CRD# 143780/SEC# 801-68039) and three Aequitas executives, Robert J. Jesenik, Brian A. Oliver, and N. Scott Gillis for defrauding investors and for a breach of fiduciary duties. The recent filings indicate several additional Aequitas executives, like Rice and MacRitchie, are in harms way. They also have people who have helped raise money and sell businesses so they can help with that too. Much of the cash went to make the payments owed to other investors. (2), Outcome: 04/19/2019 9 Order Setting Conditions of Release as to Defendant Brian A. Oliver. In anticipation of the institution of these proceedings, Respondent has submitted an Offer . Attorneys in Aequitas Capital fraud case spar over Oregon regulator who 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. Both Rice and MacRitchie have asked the court for access to Aequitas insurance money to cover their defense costs. There was no more hiding the fact that Aequitas was broke. Nevertheless, Papak ruled in favor of Jeseniks request for access to additional insurance funds to cover his defense. They've got that too. 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 Aequitas specialized in debt. Brian Rice and Scott Gillis, two of the company's six senior partners, resigned in recent weeks. Attorney Billy J. Williams announced today that Brian A. Oliver,a former owner and executive vicepresident of Aequitas Management, LLC and several other Aequitas . By the time he left, he was also in charge of Key Banks operations in Washington and Alaska. Brian Oliver and Olaf Janke, former senior Aequitas executives, have in recent months cut plea deals with federal prosecutors. That has changed as the criminal case nears the indictment stage. All rights reserved (About Us). A lock ( The final judgments prohibit Jesenik, Oliver, and Gillis from serving as officers or directors of any public company. Aequitas Capital No. 2 Brian Oliver pleads guilty to criminal charges Between 2011 and 2014, Aequitas purchased more than $561 million in student loan debt, almost all of which was with Corinthian. One of Aequitas biggest moneymakers disappeared almost overnight. Then Corinthian went bankrupt. | Recent Lawyer Listings They also have people who have helped raise money and sell businesses so they can help with that too. 13. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. PDF United States of America Securities and Exchange Commission Investment

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