That has changed as the criminal case nears the indictment stage. Cookie Settings/Do Not Sell My Personal Information. Aequitas investors lost about $600 million after the collapse. The court appointed receiver now in charge of whats left of Aequitas opposes Rices and MacRitchies request for access to the insurance money. 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. 1000 SW Third Ave Suite 600 Timothy Laniers firm in Neptune Beach, Florida, focuses on serving doctors and health care executives. Co-founders Bob Jesenik and Brian Oliver had participated in too many sketchy deals for sophisticated Oregon investors to feel comfortable with them. Lock President, Cathedral Finance|Senior Advisor. They also have people who have helped raise money and sell businesses so they can help with that too. 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. 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. Signed on 4/19/2019 by Judge Michael W. Mosman. Six months later, on or about June 30, 2015, Gillis signed an amended loan agreement with Wells Fargo on Aequitass behalf. Add Andrew MacRitchie and Brian Rice, second and third from right, to the list of former Aequitas executives now facing substantial legal defense costs. Brian Oliver, Aequitas Capital's longtime No. An official website of the United States government. He declined to comment. Nevertheless, Papak ruled in favor of Jeseniks request for access to additional insurance funds to cover his defense. This case is being investigated by the FBI, IRS Criminal Investigation, and the U.S. Department of Labor Employee Benefits Security Administration. Aequitas Capital Management Lawsuit - Law Meg brian oliver, aequitas 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). The Oregonian first reported the criminal charges and guilty plea. But the defendants have already spent more than $10 million on legal costs, exhausting the first two policies. ) or https:// means youve safely connected to the .gov website. 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.

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