brian oliver, aequitas brian oliver, aequitas

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. | Store 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. 2023 Advance Local Media LLC. Oliver was also charged criminally for his conduct. ) or https:// means youve safely connected to the .gov website. 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. From June 2014 through February 2016, the former executives 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, Aequitas Capital's longtime No. 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. Brian Oliver and Olaf Janke, former senior Aequitas executives, have in recent months cut plea deals with federal prosecutors. Brian A. Oliver, age 51, resides in Aurora, Oregon. 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 The third policy is now being consumed even though the criminal case is just getting underway and the pool of potential defendants is expanding. Lock Oliver faces a maximum sentence of 30 years in prison, a $250,000 fine or twice the gross . 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. 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. Over the last few years Cathedral has really provided sage advice as weve been growing our green building companies. A lock ( 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. Reset here, 1999 - 2023 citywire.com. Defendant sworn and examined. 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. Our team of expertsis available to help your business build value in a variety of ways including: assessments, strategic planning, corporate financing, M&A support, market research, growth marketingandmuch more! This special highlights the best of the fifth annual event which was held in Singapore from November 14-17. Its not just the amount of insurance money that went to Jesenik that concerns the receiver. Irvine, California-based Eric Gallinger is affiliating with LPL through Stratos Wealth Partners. Its been a long time coming, Kayser said. PORTLAND, Ore.U.S. Lock 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. They agreed to plead guilty and cooperate with the government. The Aequitas entities, which are in receivership, will have to pay $540 million in disgorgement and interest as part of the final judgment. 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. If you need help with finances, they've got that covered. 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 That has changed as the criminal case nears the indictment stage. The current Aequitas Capital Management lawsuit was brought on by the heirs of Matthew Ledger. 1000 SW Third Ave Suite 600 U.S. Attorney's Office, District of Oregon, Criminal conspiracy could have cost investors more than $600 million, Former Aequitas Owner and Executive Vice President Pleads Guilty in Fraud and Money Laundering Conspiracy, Salem Man Pleads Guilty for Using Twitter to Threaten Violence Against Robinhood Employees, FBI and Partners Issue National Public Safety Alert on Financial Sextortion Schemes, Armed Robbery Crew Posing as DEA Agents Charged in Federal Court, Former Aequitas Owner and Executive Vice President Pleads Guilty In Fraud and Money Laundering Conspiracy. Brian Oliver is an Executive Vice President & President, Aequitas Financial Services Network at Aequitas Capital Management based in Lake Oswego, O regon. Aequitas finances were already spiraling down, and the worse they got, the more student debt the firm bought from Corinthian. In January 2014, shortly before joining Aequitas, he was named to the Portland board of directors of the Federal Reserve Bank of San Francisco. He worked for Portland banks for much of his career before he was named regional president of Key Bank in 2006. Plus, Jeseniks monthly legal fees approximately quadrupled after he hired new counsel in approximately March 2017. This is a company that talked a woman into investing nearly her entire retirement nest-egg -- about half-a-million dollars - in October 2015, Kayser said. 2023 Advance Local Media LLC. 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 A Oliver is Exec VP & Pres:Financial Svcs at Aequitas Capital Mgmt Inc. See Brian A Oliver's compensation, career history, education, & memberships. Aequitas also had tentacles spread throughout the RIA world. 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. Learn more about reprints and licensing for this article. Much of the cash went to make the payments owed to other investors. This case is being investigated by the FBI, IRS-Criminal Investigation, and the U.S. Department of Labor Employee Benefits Security Administration. Share sensitive information only on official, secure websites. Accounting giant Deloitte, stock trader T.D. An official website of the United States government. Brian Oliver, Aequitas Capital's longtime No. But much of that money has already been spent. As Aequitas grew, its profile in the community also increased. 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. Marketing? Portland, Oregon 97204 Waiver of indictment signed and accepted by the Court. | Sign In, Verdict Corrections Brian and his wife of 30 years live in Aurora, Oregon where they raised their family. A locked padlock On March 16, 2016, pursuant to the Stipulated Interim Order Appointing Receiver, the Receiver was appointed as receiver . Attorneys for the District of Oregon. Co-founders Bob Jesenik and Brian Oliver had participated in too many sketchy deals for sophisticated Oregon investors to feel comfortable with them. 0. Previously, Brian was an Executive VP, Business Development at Alternative Asset Management. Signed on 4/19/19 by Magistrate Judge Stacie F. Beckerman. One of Aequitas biggest moneymakers disappeared almost overnight. Federal prosecutors have already cut guilty plea deals with two former Aequitas executives. They also have people who have helped raise money and sell businesses so they can help with that too. II. 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 Secure .gov websites use HTTPS 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. Rice acknowledged in court filings that he's a suspect in the case. The final judgments prohibit Jesenik, Oliver, and Gillis from serving as officers or directors of any public company. 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. Gillis was the second Aequitas chief financial officer. Cookie Settings/Do Not Sell My Personal Information. Guilty pleas entered as to Counts 1 and 2 of the Information. 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. (2), Outcome: 04/19/2019 9 Order Setting Conditions of Release as to Defendant Brian A. Oliver. ORDER granting the Government's oral motion to unseal the case. Not guilty pleas and denial of forfeiture allegation entered. But now it has a bigger problem: farmers are revolting against restrictions on how they repair complex equipment. B. 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. Court finds guilty pleas to be knowing and voluntary. Brian Oliver and Olaf Janke, Aequitas chief financial officer before Gillis, pleaded guilty to similar charges. The firm sold more than $300 million worth of private investment notes, mostly through financial advisers. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Have a question about Government Services? PORTLAND, Ore.U.S. He also established Aequitass New York Office and directed Aequitass Lux Fund, a Luxembourg-based fund used to solicit international investors. Luminaries from the downtown business establishment wanted to join the team. The high-interest loans were terrible for students. He declined to comment. This case is being investigated by the FBI, IRS Criminal Investigation, and the U.S. Department of Labor Employee Benefits Security Administration. 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. All three are permanently barred from the securities industry. 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 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). PORTLAND, Ore.U.S. Have a question about Government Services? 04/19/2019 12 Minutes of Proceedings: Entry of Plea Hearing held before Judge Michael W. Mosman for Defendant Brian A. Oliver. But I think my clients will be thrilled. 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. Get started today before this once in a lifetime opportunity expires. His attorneys have submitted bills for at least 2.7 million, far more than any other defendant. Rice served as Aequitass executive vice president and president of wealth management. In anticipation of the institution of these proceedings, Respondent has submitted an Offer . 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. Aequitas borrowed funds from other financial institutions, including Wells Fargo Bank, N.A., to purchase these trade receivables. 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 13 Plea Agreement as to Brian A. Oliver (kms) (Entered: 04/19/2019) Nevertheless, Papak ruled in favor of Jeseniks request for access to additional insurance funds to cover his defense. Signed on 4/19/2019 by Judge Michael W. Mosman. Theyve got a team that really loves entrepreneurship and is equipped with different skill sets. 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 executive, on Friday pleaded guilty to conspiracy to commit mail and wire fraud and conspiracy to commit money laundering. They hurt a whole lot of people.. In these roles, he was responsible for directing Aequitass overall financial policies and accounting functions. They are also prohibited from violating the SECs antifraud provisions. Rueben Iniguez, a lawyer in the federal defenders office in Portland, is representing Jesenik. 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. A federal court in Oregon entered final judgments against Aequitas Management requiring the firms receiver to pay $453 million in disgorgement. Sentencing materials are due no later than 7/31/2019. 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. A .gov website belongs to an official government organization in the United States. All Rights Reserved. ORDER Defendant released on previous conditions. It is believed that since he was ousted from Aequitas, Jesenik has been. ) or https:// means youve safely connected to the .gov website. The firm sold more than $300 million worth of private investment notes, mostly through financial advisers. 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District of Oregon Share sensitive information only on official, secure websites. Wealth Management as an industry doesnt understand direct real estate and real estate certainly doesnt understand wealth management, says Realized founder David Wieland. Court finds defendant capable and competent to enter plea. 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.