brian oliver, aequitas

Sentencing for No. 2 Aequitas executive Brian Oliver moved to February By late 2015, Aequitas was suffering one of its periodic cash flow crises. PDF SEC Complaint: Aequitas Management, LLC; Aequitas Holdings, LLC 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. Main Office: Section 203(f) of the Investment Advisers Act of 1940 ("Advisers Act") against Brian A. Oliver ("Oliver" or "Respondent"). On March 16, 2016, pursuant to the Stipulated Interim Order Appointing Receiver, the Receiver was appointed as receiver . Rueben Iniguez, a lawyer in the federal defenders office in Portland, is representing Jesenik. All Rights Reserved. Brian A Oliver, Aequitas Capital Mgmt Inc: Profile and Biography Brians experience encompasses a variety of positions across commercial banking, investment banking, alternative asset management, and business advisory services. Oliver is the 25% owner of Aequitas Management and an Executive Vice President of the Entity Defendants. Defendant advised of rights. Email USAO-OR. He is scheduled to be sentenced on Aug. 5. Not guilty pleas and denial of forfeiture allegation entered. This case is being investigated by the FBI, IRS Criminal Investigation, and the U.S. Department of Labor Employee Benefits Security Administration. 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. An official website of the United States government. The court also required Robert J. Jesenik, the firm's former CEO, and Brian A. Oliver,. A locked padlock Brian Oliver - Senior Business Advising Specialist - Cathedral Consulting Longtime Aequitas No. Jesenik founded the Aequitas group of companies, and, as chief executive officer, controlled the organizations structure and had ultimate decision-making authority over company activities. He will be sentenced on August 5, 2019before U.S. District Court Judge Michael W. Mosman. 04/19/2019 12 Minutes of Proceedings: Entry of Plea Hearing held before Judge Michael W. Mosman for Defendant Brian A. Oliver. All three are permanently barred from the securities industry. Brian Rice and Scott Gillis, two of the company's six senior partners, resigned in recent weeks. 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. I have really enjoyed working with Seth, Brian and the Cathedral team. 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. 04/19/2019 14 Plea Petition and Order Entering Plea as to Defendant Brian A. Oliver. Have a question about Government Services? 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. Defunct Aequitas misled investors, cooked books, ran Ponzi - oregonlive Another was a utility executive who helped change Portlands business landscape. | Advertising Attorneys in Aequitas Capital fraud case spar over Oregon regulator who 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. 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. Brian's experience encompasses a variety of positions across commercial banking, investment banking, alternative asset management, and business advisory services. A locked padlock More Local News to Love Start today for 50% off Expires 3/6/23. Re: United States of America v. Brian A. Oliver - MoreLaw 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 A .gov website belongs to an official government organization in the United States. Until now, Rice and MacRitchie have faced minimal legal expenses. B. There are also questions about whether Jesenik and other defendants spent the money appropriately. Cookie Settings/Do Not Sell My Personal Information. If you missed the last issue of InvestmentNews, you can access it here. 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. Former Aequitas Owner and Executive Vice President . They also have people who have helped raise money and sell businesses so they can help with that too. According to court documents, Aequitas created and operated investment funds that purchased trade receivables in education, health care, transportation, and other consumer credit areas. (2), Outcome: 04/19/2019 9 Order Setting Conditions of Release as to Defendant Brian A. Oliver. Secure .gov websites use HTTPS 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. 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. 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. Left to right they are Bob Jesenik, Scott Gillis, Craig Froude (not charged with any crime,) Brian Rice, Andrew MacRitchie and Brian Oliver. But this one was worse. Defendant waived reading of the Information. 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. The Aequitas entities, Jesenik, and Gillis consented to the entry of final judgment without admitting or denying the SECs allegations. He pled guilty but has not yet been sentenced. Luminaries from the downtown business establishment wanted to join the team. 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. 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. 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. 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. By the time he left, he was also in charge of Key Banks operations in Washington and Alaska. If you need help with finances, they've got that covered. Aequitas Settles With SEC for $540 Million as Three Top - RIAIntel 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]. President, Cathedral Finance|Senior Advisor. Learn more about reprints and licensing for this article. He will be sentenced on June 27, 2023 by U.S. District Court Judge Michael H. Simon. 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. Six months later, on or about June 30, 2015, Gillis signed an amended loan agreement with Wells Fargo on Aequitass behalf. | Sign In, Verdict Corrections Timothy Laniers firm in Neptune Beach, Florida, focuses on serving doctors and health care executives. MacRitchie was ScottishPowers point man in its efforts to buy Pacificorp and served as an executive vice president there. 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. 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(Court Reporter Ryan White) (kms) (Entered: 04/19/2019) ORDER Presentence Report to be prepared by U.S. Main Office: 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. Investment adviser: Aequitas lied to investors | The Seattle Times Sam Kauffman is MacRitchies attorney. ORDER granting the Government's oral motion to unseal the case. It is being prosecuted by Ryan W. Bounds, Christopher Cardani and Siddharth Dadhich, Assistant U.S. SEC charges advisor over Aequitas conflicts of interest. It began to default on the interest payments owed its legion of mom and pop investors. Now both have been sucked into the criminal fraud investigation of the collapsed firm. But I think my clients will be thrilled. A locked padlock 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. Brian Rice and Scott Gillis, two of the company's six senior partners, resigned in recent weeks. 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. They both opted not to talk. Please read our Terms and Conditions, Modern Slavery Act Transparency Statement, and Privacy Policy before using the site. Youve missed the point, Anxiety over tax refunds on the rise, Bankrate.com study shows, Gensler steps up warnings to money managers. 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. 3 Executives of Aequitas Management LLC Charged for Fraud The current Aequitas Capital Management lawsuit was brought on by the heirs of Matthew Ledger. Bob Jesenik, three other former Aequitas executives - Oregonlive SECURITIES AND EXCHANGE COMMISSION v. AEQUITAS MANAGEMENT, LLC - Leagle 1000 SW Third Ave Suite 600 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. Advisors providing advice on cryptocurrency-related assets should do so with caution, according to a new report by the CFP Board. PORTLAND, Ore.U.S. 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. Scott Bradford is the lead prosecutor on the case. Waiver of indictment signed and accepted by the Court. (1) Court finds guilty pleas to be knowing and voluntary. Brian and his wife of 30 years live in Aurora, Oregon where they raised their family. As part of the final consent judgment, the defendants are prohibited from soliciting anyone to purchase or sell a security and prohibiting them from participating in the issuance, offer, or sale of any security of an entity they control, the SECs release stated. | Store RIA Intel is part of Delinian. An official website of the United States government. 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. 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 ) or https:// means youve safely connected to the .gov website. Official websites use .gov Brian Oliver and Olaf Janke, former senior Aequitas executives, have in recent months cut plea deals with federal prosecutors. PDF United States of America Securities and Exchange Commission Investment 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 new indictments bring to six the number of former Aequitas executives charged with defrauding investors. 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. With love for the 60/40 portfolio fading, 50/30/20 looks to be the cool new kid on the block. 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. As part of his plea agreement, Gillis has also agreed to pay restitution as determined by the government and ordered by the court. 18:1957 CONSPIRACY TO COMMIT MONEY LAUNDERING Arraignment held for Defendant Brian A. Oliver on Counts 1 and 2 of the Information. Brian Oliver and Olaf Janke, Aequitas chief financial officer before Gillis, pleaded guilty to similar charges. The company's general counsel just quit. 2 executive, on Friday pleaded guilty to conspiracy to commit mail and wire fraud and conspiracy to commit money laundering. But prosecutors allege the Aequitas executives lied about the firms financial performance. (See separate order.) There was the company that bought bad debt from hospitals for pennies on the dollar and then tried to collect on the debt. The company's general counsel just quit. 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. Lock A lock ( 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. Rice, former president of Key Bank of Oregon, acknowledged in recent court filings that he is a target in the case. Secure .gov websites use HTTPS Signed on 4/19/2019 by Judge Michael W. Mosman. In these roles, he was responsible for directing Aequitass overall financial policies and accounting functions. Jesenik also must pay a civil penalty of $625,000. 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. Brian Oliver - Senior Advisor & President, Cathedral Finance - Cathedral Consulting | LinkedIn Brian Oliver At Cathedral we help entrepreneurs with momentum build value in their business. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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. Former Aequitas CEO and Senior Executives Indicted in Fraud and Money 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.

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