October 11, 2023
An Aequitas Management LLC executive, recently convicted as part of the investment company's multimillion-dollar Ponzi scheme, slammed the government's $235 million restitution bid Tuesday as a "financial death penalty," arguing that the court should limit his repayment to $1 million because he had only a "minor role" in the plot.
September 08, 2023
Three former Aequitas Management LLC executives were sentenced to prison Thursday for their roles in operating a $300 million Ponzi scheme, including a 14-year term for the investment firm's former CEO, according to a statement from Oregon federal prosecutors.