Aequitas executives guilty of fraud, conspiracy in Oregon financial firm's $600 million collapse
Investors' losses make the Aequitas collapse one of the largest investment frauds in Oregon history.
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Investors' losses make the Aequitas collapse one of the largest investment frauds in Oregon history.
The fraud trial against three former executives of Aequitas Capital wound to a close Wednesday.
A marathon five-week trial is winding to an end in U.S. District Court as prosecutors and defense lawyers for three former executives of Aequitas Capital finally reached the closing argument stage.
The criminal trial of Bob Jesenik, Brian Rice and Andrew MacRitchie, accused of fraud and embezzlement, is in its fifth week.
The Lake Oswego firm collapsed in 2016 and was declared a Ponzi-like scheme by federal regulators.