Category Archives: Aequitas portfolio mangers

Aequitas- Koin 6 News

Bob Banks, securities attorney with Samuels, Yoelin, Kantor LLP speaks with Koin 6 News last week about the impact of the Aequitas situation on investors

 

If you have questions, concerns, or information about Aequitas investments, please contact our office at 800.647.8130. Our home page gives an introduction to this informational site and you may review our extensive credentials and experience here.

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Aequitas Investigation – Financial Advisers and Firms

It is tragic to consider the number of people impacted by the Aequitas situation. We have received calls from all around the world from people who have lost significant amounts of money. We have posted  (below) a partial list of financial advisors and firms mentioned in our conversations with victims. We encourage anyone with financial losses or information about this situation to contact us at 800-647-8130 or by e-mail at info@investordefenders.com.
If you’ve lost money in this situation, it is important for you to take make choices about your actions soon. Please read our posts about your choices and contact our office to discuss the specifics of your situation.
Bob Banks and Darlene Pasieczny head up the Investor Defenders practice group at Samuels Yoelin Kantor LLP. Bob has over three decades of experience representing investors to recover financial losses. You can reach him directly at bbanks@samuelslaw.com

Fariba Ronnasi

Fusion Analytics Investment Partners

Malloy Wealth Management

Bill Malloy

Doug Maurer

Private  Advisory Group

Jason Vanclef

VFG Securities

VFG Advisors

Fieldstone Financial

Kristopher Behn

Enviso Capital

Criterion

Chris Bean

Douglas Bean

Consort

Tom Szabo

Bryan Bowers

Tony Ramirez

Mark McArthur

Bill Mallery

Larry Dozier

Craig Johnsen

Eric Willer

Malloy Wealth Management

Etesian Wealth Advisors

If you have questions, concerns, or information about Aequitas investments, please contact our office at 800.647.8130. Our home page gives an introduction to this informational site and you may review our extensive credentials and experience here.

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Securities and Exchange Commission (SEC) Charges Aequitas

March 10, 2016.  Today the Securities and Exchange Commission filed a lawsuit in federal district court in Portland, charging Aequitas and three top executives with defrauding investors. The SEC  press release   reports that Aequitas hid its dire financial condition while raising more than $350 million from investors. Moreover, the complaint alleges that money from new investors was used to pay earlier investors – a Ponzi scheme.

The SEC’s complaint is posted here .  Aequitas executives Robert J. Jesenik , Brian Oliver, and Scott Gillis are named as defendants in the complaint, which alleges that they were all well aware of the deteriorating financial condition when they continued to accept precious savings from trusting investors.

Aequitas Management, Aequitas Holdings LLC, Aequitas Commerical Finance LLC, Aequitas Capital Management Inc., and Aequitas Investment Management LLC as well as top executives Jesenik, Oliver, and Gillis are all charged by the SEC with violation of the federal securities laws.

We knew the SEC’s investigation was occurring, and are not surprised by the SEC filing.  In fact, some of its allegations are similar to allegations we made in a case we filed earlier this week for some of our clients.   The  SEC complaint does shed some light on just how bad the financial situation was at Aequitas, and for how long.  The complaint alleges that “By at least July 2014, Jesenik and Oliver knew that redemptions and interest payments to prior investors were being paid primarily from new investor money in a Ponzi-like fashion, and that very little investor money was being used to purchase trade receivables. The cash flow shortages at ACF and Aequitas Holdings continued with increased severity through 2015.”

For recent updates, see Aequitas Updates.

If you have questions about how this latest SEC action will affect your Aequitas investment, contact our office at 800.647.8130 or bbanks@samuelslaw.com.Our home page gives an introduction to this informational site and you may review our extensive credentials and experience here.

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Banks noted as key face in the Aequitas Drama

Portland Business Journal touts Samuels Yoelin Kantor securities attorney Robert Banks as key face in Aequitas Drama

key faces

If you have questions, concerns, or information about Aequitas investments, please contact our office at 800.647.8130. Our home page gives an introduction to this informational site and you may review our extensive credentials and experience here.

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Aequitas Commercial Finance documents point toward Ponzi

Aequitas Ponzi- Could it be?

I received a document from a confidential source that was prepared by Aequitas and is quite enlightening.  It is written about the Aequitas Private Notes issued by ACF (Aequitas Commercial Finance), and is dated the third quarter of 2015.

It states “ACF uses proceeds from Private Notes primarily to repay prior investors.”  I interpret that to mean that the company did not have the assets to pay prior investors from its regular course of business.  I define a Ponzi Scheme as an investment scheme that operates by using new investor money to pay prior investors and creating the illusion that distributions are from operations, when they are not.

 It is beginning to sound a lot like Ponzi at Aequitas

Investors in the  ACF Private Notes who were unaware of this fact when  they made their purchases have legitimate reasons to complain, and to file claims against Aequitas principals and the advisors who sold those notes.   The law requires that investors be told all of the material facts if they are solicited to make a purchase.
So far we don’t know whether the other Aequitas programs also used new investor money to pay existing investors, but we will find out.

Samuels Yoelin Kantor securities attorneys Robert Banks and Darlene Pasiczny are heading up the Aequitas investigation. Mr. Banks recently updated concerned investors with information regarding their choices for pursuing recovery. Please contact our office to discuss your situation confidentially. You can call 800-647-8130 or reach us by email atbbanks@samuelslaw.com or info@investordefenders.com

 

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Aequitas investment advisory firms and portfolio managers

The following Aequitas advisory firms and portfolio managers are of interest to us regarding their sale of Aequitas notes and funds:

Private Advisory Group

Strategic Capital Group

Summit Advisor Solutions

Fieldstone Financial Concert

Integrity Bank and Trust

GPS Capital Management

CLA Wealth Advisors

CliftonLarsonAllen

Innovator Management, LLC

Chris Bean

Tom Szabo

Tony Ramirez

Mark McArthur

Bill Malloy

Larry Dozier

Craig Johnsen

Eric Willer

Samuels Yoelin Kantor securities attorneys Robert Banks and Darlene Pasiczny are heading up the Aequitas investigation. Mr. Banks recently updated concerned investors with information regarding their choices for pursuing recovery. Please contact our office to discuss your situation confidentially. You can call 800-647-8130 or reach us by email at bbanks@samuelslaw.com or info@investordefenders.com

 

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