Tr?id=566623520170033&ev=PageView&noscript=1

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
Quotes Bigger

I want to extend a tremendous thank you for your dedication, professionalism, hard work and patient demeanor through this challenging time. It was enjoyable interacting with everyone on your team, this certainly helped while dealing with the situation and working towards resolution.

Dan M.

LATEST NEWS AND ARTICLES

1773760408 Law
March 17, 2026
Bankruptcy Court Orders Emerson Equity to Produce Records in Inspired Healthcare Case

A federal bankruptcy court in Fort Worth has ordered Emerson Equity to produce documents connected to the sale of private securities issued by Inspired Healthcare Capital, according to InvestmentNews.

1773678753 Law
March 16, 2026
Concorde Investment Services Faces Scrutiny Over Sales of Inspired Healthcare Private Investments

Concorde Investment Services is facing increased scrutiny following the bankruptcy of Inspired Healthcare Capital, whose private investment offerings were widely sold through independent broker dealers, according to InvestmentNews.

1773412367 Law
March 13, 2026
Connecticut Advisor Pleads Guilty to Ponzi-Like Investment Fraud and Tax Evasion

Federal prosecutors announced that investment adviser John A.