Business & Tech
Former Leaders of Lake Oswego Company Called "Ponzi-Like" by Feds Deny Allegations
In court papers, the former leaders of Aequitas Capital Management deny wrongdoing.
Two months after being accused of running a "Ponzi-like" scheme, two of the former top executives at Aequitas Capital Management filed court papers arguing they did nothing wrong.
A third executive separately asked for the charges against him to be dismissed.
The filings, which were first reported by the Portland Business Journal, are the first formal response from former CEO Bob Jesenik and former Executive Vice President Bob Oliver since the SEC filed charges in March.
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Jesenik had previously referred to them as a "rush to judgment."
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