'A classic Ponzi scheme': Aequitas trial continues with testimony from executive and an investor who lost millions

Aequitas Capital Management executives Robert Jesenik, Andrew MacRitchie and Brian Rice face multiple counts of fraud, conspiracy and money laundering.

PORTLAND, Ore. — The Portland business trial of the century, so far, continues this week in U.S. District Court.

Aequitas Capital Management executives Robert Jesenik, Andrew MacRitchie and Brian Rice face multiple counts of fraud, conspiracy and money laundering and could be sentenced to decades in prison if convicted. Jesenik is the firm’s founder and CEO while MacRitchie oversaw compliance. Rice, a former Key Bank market president, managed relationships with registered investment advisers.

The trial continued this week with testimony from Brian Oliver, the Lake

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