Keith Ketterling and Tim DeJong Quoted in the Oregonian re Aequitas

“Aequitas was spending lavishly, with money it did not have, apparently in order to present the appearance of success… It was all about appealing to new investors,” said Keith Ketterling, whose Stoll Berne law firm is investigating a possible civil suit against the company.

“Aequitas told investors that it was minimizing risk in its student loan business and buying student loans from financially strong, reputable institutions,” said Tim DeJong, who is representing Aequitas investors. “In truth, it was buying student loans from only Corinthian College, which was not financially strong and had a terrible reputation.”

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