Tagged with "Aequitas Capital Management"

Aequitas Capital Management Accused of Running a $617 Million Ponzi-Scheme

Posted on December 3rd, 2018 at 1:46 PM
Aequitas Capital Management Accused of Running a $617 Million Ponzi-Scheme

In March 2016, the SEC filed a complaint in federal court against Oregon based registered investment adviser, Aequitas Investment Management, and its sister company Aequitas Capital Management, accusing the firms of orchestrating widespread fraud. The federal court granted the SEC’s request to install Ronald Greenspan as a receiver to oversee the company.

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SEC Accuses Aequitas of ‘Ponzi-like’ Scheme

Posted on April 4th, 2016 at 9:42 AM
SEC Accuses Aequitas of ‘Ponzi-like’ Scheme

The SEC recently filed charges against Aequitas Capital Management, claiming that the firm and its CEO, Bob Jesenik, defrauded investors by covering the weakening condition of the firm. The SEC report states that the firm hid its “rapidly deteriorating financial condition” and continued to raise more than $350 million from investors. 

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