brian oliver, aequitas

Brian Oliver - Senior Advisor & President, Cathedral Finance - Cathedral Consulting | LinkedIn Brian Oliver At Cathedral we help entrepreneurs with momentum build value in their business. Rice headed Key Bank in Oregon for 12 years. Add Andrew MacRitchie and Brian Rice, second and third from right, to the list of former Aequitas executives now facing substantial legal defense costs. In January 2014, shortly before joining Aequitas, he was named to the Portland board of directors of the Federal Reserve Bank of San Francisco. If you need help with finances, they've got that covered. Counsel Present for Defendant: Whitney Patrick Boise and Kendra M. Matthews. Defendant proceeds as named. 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. 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. On March 10, 2016, the Securities and Exchange Commission (" SEC ") filed a complaint in this Court against the Entity Defendants 1 and three individual defendants, Robert J. Jesenik, Brian A. Oliver, and N. Scott Gillis. Brian Rice and Andrew MacRitchie left their corporate posts for jobs at Aequitas Capital. 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. But it appears they are far from done. 04/19/2019 11 Waiver of Indictment by Brian A. Oliver (schm) (Entered: 04/19/2019) Its been a long time coming, Kayser said. Signed on 4/19/2019 by Judge Michael W. Mosman. 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. Attorney Billy J. Williams announced today that Brian A. Oliver,a former owner and executive vicepresident of Aequitas Management, LLC and several other Aequitas . 04/19/2019 12 Minutes of Proceedings: Entry of Plea Hearing held before Judge Michael W. Mosman for Defendant Brian A. Oliver. He is scheduled to be. 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. 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. The company opened slick new offices in New York City. Signed on 4/19/19 by Magistrate Judge Stacie F. Beckerman. Brian's experience encompasses a variety of positions across commercial banking, investment banking, alternative asset management, and business advisory services. Five of the six senior Aequitas executives have been charged with federal crimes or have pleaded guility. Gillis faces a maximum sentence of 30 years in prison, an $8.4 million fine, and five years supervised release. Prosecutors claim the Aequitas executives misled company investors about how their money was being used. The recent filings indicate several additional Aequitas executives, like Rice and MacRitchie, are in harms way. MacRitchie was the companys executive vice president and chief compliance officer. He declined to comment. Defendant waived reading of the Information. Lock An official website of the United States government. He committed suicide in an attempt to hide . (Tape #FTR-9B) (gw) (Entered: 04/19/2019) | Advertising In a divorce settlement filed with the court, it's. A locked padlock Portland, Oregon 97204 ORDER Presentence Report to be prepared by U.S. With love for the 60/40 portfolio fading, 50/30/20 looks to be the cool new kid on the block. 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. They also have people who have helped raise money and sell businesses so they can help with that too. 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. 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). Attorneys for the District of Oregon. Sentencing is set for 8/5/2019 at 9:00AM in Portland before Judge Michael W. Mosman. Email USAO-OR. 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. The court also required Robert J. Jesenik, the firm's former CEO, and Brian A. Oliver,. Both Rice and MacRitchie have asked the court for access to Aequitas insurance money to cover their defense costs. Sam Kauffman is MacRitchies attorney. Brian Rice and Scott Gillis, two of the company's six senior partners, resigned in recent weeks. Counsel Present for Defendant: Whitney Boise, Kendra Matthews. Marketing? As part of the plea agreement, Oliver has agreed to pay restitution in full to each of victims as determined and ordered by the court. 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. They hurt a whole lot of people.. There was the motorcycle leasing company. Attorneys for the District of Oregon. By that time, it was clear to Aequitas executives the company was in deep financial trouble., Kayser added. 2 executive, on Friday pleaded guilty to conspiracy to commit mail and wire fraud and conspiracy to commit money laundering. In a separate administrative proceeding, Jesenik, Oliver, and Gillis were barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical ratings organization, the SEC said. 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. It is free to register and only takes a minute or two. All material subject to strictly enforced copyright laws. Have a question about Government Services? | Privacy Statement. Aequitas borrowed funds from other financial institutions, including Wells Fargo Bank, N.A., to purchase these trade receivables. Rueben Iniguez, a lawyer in the federal defenders office in Portland, is representing Jesenik. Oliver and his co-conspirators also failed to disclose other critical facts about the company, including its near-constant liquidity and cash-flow crises, the use investor money to repay other investors and to defray operating expenses, and the lack of collateral to secure funds. Brian Oliver and Olaf Janke, former senior Aequitas executives, have in recent months cut plea deals with federal prosecutors. It is being prosecuted by Ryan W. Bounds, Christopher Cardani and Siddharth Dadhich, Assistant U.S. Bob Jesenik has not been criminally charged. By the time Corinthian filed for bankruptcy and students went on strike refusing to pay their loans some 75% of the receivables of the Aequitas notes came from the for-profit scam, according to RIA Intels first story on Aequitas. It is being prosecuted by Scott E. Bradford and Ryan W. Bounds, Assistant U.S. The current Aequitas Capital Management lawsuit was brought on by the heirs of Matthew Ledger. This case is being investigated by the FBI, IRS Criminal Investigation, and the U.S. Department of Labor Employee Benefits Security Administration. Rice, a longtime Portland banker who eventually became regional president for Key Bank, gave up the big downtown office to join Aequitas in 2014. Wealth Management as an industry doesnt understand direct real estate and real estate certainly doesnt understand wealth management, says Realized founder David Wieland. Brian has over 30 years experience in providing corporate finance and consulting solutions to small and medium sized businesses. They are Brian Rice, who formerly headed Key Banks operations in much of Oregon, Andrew MacRitchie, The Scotland native who came to Portland when when Scottish Power purchased PacifiCorp, and N. Scott Gillis, the former chief financial officer. Rice acknowledged in court filings that he's a suspect in the case. Gillis was the second Aequitas chief financial officer. Investors had been bilked out of hundreds of millions of dollars, the SEC said. Among his responsibilities, Rice oversaw the solicitation of investments through registered investment advisors (RIA) and managed Aequitass affiliated RIAs. Main Office: Over the last few years Cathedral has really provided sage advice as weve been growing our green building companies. Brian Rice and Scott Gillis, two of the company's six senior partners, resigned in recent weeks. 1000 SW Third Ave Suite 600 If you need help with finances, they've got that covered. Longtime Aequitas No. Secure .gov websites use HTTPS The complaint also alleges that Aequitas Capital Management Inc. and Aequitas Investment Management LLC violated Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder, and that Jesenik, Oliver, and Gillis aided and abetted the violations of Aequitas and the affiliated entities. | Link Errors 13. The third policy is now being consumed even though the criminal case is just getting underway and the pool of potential defendants is expanding. A Salem, Oregon man pleaded guilty today for using Twitter to threaten violence against employees of Robinhood Markets, Inc., an online financial services company based in Menlo Park, California. Left to right they are Bob Jesenik, Scott Gillis, Craig Froude (not charged with any crime,) Brian Rice, Andrew MacRitchie and Brian Oliver. Guilty pleas entered as to Counts 1 and 2 of the Information. 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. Rice, former president of Key Bank of Oregon, acknowledged in recent court filings that he is a target in the case. | Articles 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 . In these roles, he was responsible for directing Aequitass overall financial policies and accounting functions. Oliver faces a maximum sentence of 30 years in prison, a $250,000 fine or twice the gross . ) or https:// means youve safely connected to the .gov website. Brian Oliver and Olaf Janke, Aequitas chief financial officer before Gillis, pleaded guilty to similar charges. Official websites use .gov A locked padlock Secure .gov websites use HTTPS Plea Petition and Plea Agreement signed and accepted by the Court. Aequitas investors lost about $600 million after the collapse. PORTLAND, Ore.U.S. 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.. Brian Rice and Scott Gillis, two of the company's six senior partners, resigned in recent weeks. Aequitas finances were already spiraling down, and the worse they got, the more student debt the firm bought from Corinthian. Oliver is the 25% owner of Aequitas Management and an Executive Vice President of the Entity Defendants. 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. 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. Former CFO N. Scott Gillis was required to pay a $300,000 civil penalty. 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 Oregonian/OregonLive began investigating Aequitas in 2014, when it linked the firm to accusations of predatory student loans at Corinthian. A federal court in Oregon entered final judgments against Aequitas Management requiring the firms receiver to pay $453 million in disgorgement. Brian Mariash, James Lowther and their team will operate as Mariash Lowther Wealth Management in Sarasota, Florida. In the shadow of a turbulent future, The Bloomberg New Economy Forum brought together world leaders for face-to-face discussions on the global threats we face. The new indictments bring to six the number of former Aequitas executives charged with defrauding investors. Luminaries from the downtown business establishment wanted to join the team. All Rights Reserved. Have a question about Government Services? Much of the cash went to make the payments owed to other investors. But I think my clients will be thrilled. The high-interest loans were terrible for students. More Local News to Love Start today for 50% off Expires 3/6/23. 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. Co-founders Bob Jesenik and Brian Oliver had participated in too many sketchy deals for sophisticated Oregon investors to feel comfortable with them.

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