SEC Files Charges Against Oregon Residents and Affiliated Entities in $10 Million Ponzi-like Scheme

Posted on July 7th, 2023 at 1:11 PM
SEC Files Charges Against Oregon Residents and Affiliated Entities in $10 Million Ponzi-like Scheme

From the desk of Jim Eccleston at Eccleston Law 

The Securities and Exchange Commission (SEC) has filed charges against Robert D. Christensen and Anthony M. Matic, residents of Oregon, along with multiple companies under their control. The charges allege that they orchestrated a Ponzi-like scheme over several years, misleading investors who purchased over $10 million worth of promissory notes.

According to the SEC complaint, Christensen and Matic and their four founded entities are accused of orchestrating a fraudulent scheme from January 2018 to September 2022. The entities - Foresee Inc., The Commission PDX LLC, The Policy PDX LLC, and Innings 150 LLC - allegedly raised funds from retail investors, including retirees, under the guise of real estate investments. Investors were promised high-interest rates of 9 to 15 percent, with a principal return within a few months. However, the SEC alleges that Christensen and Matic lacked the means to fulfill these promises and used new investor funds to pay earlier investors. Additionally, the complaint states that investor funds were misappropriated for personal expenses such as vacations, gifts, casino trips, and more.

The SEC's complaint charges Christensen and Matic and their four related entities with violating the antifraud and securities registration provisions of the federal securities laws; without admitting or denying the allegations in the complaint, Christensen, Matic, and the charged entities agreed to settle with the SEC and to the entry of final judgments imposing requested permanent and conduct-based injunctions and $5,374,482 in disgorgement and prejudgment interest. Christensen and Matic also agreed to each pay a $200,000 penalty and the imposition of permanent officer and director bars. The settlements are subject to court approval.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

 

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next

That is just fantastic! Thank you very much!

Julie N.

LATEST NEWS AND ARTICLES

December 22, 2025
FINRA Overhauls Arbitration Rules to Rebalance Arbitrator Selection and Codify Forum Practices

The Financial Industry Regulatory Authority (FINRA) has approved significant amendments to its Codes of Arbitration Procedure designed to rebalance public arbitrator selection, increase transparency, and formalize several long-standing practices in the arbitration forum.

December 19, 2025
Industry Groups Press Senate at Advance Financial Exploitation Prevention Act

Several industry associations are urging the U.S. Senate to pass the Financial Exploitation Prevention Act, legislation that would allow mutual fund companies and their transfer agents to delay redemptions when they reasonably suspect elder financial abuse.

December 18, 2025
UBS Warns of Rising Default Risk in Private Credit

A UBS report signals that credit stress likely will intensify next year as borrowers confront inflation, elevated interest costs, and softening consumer conditions.