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

Thank you so very much for your guidance, patience, and expertise.

Beth and Steve K.

LATEST NEWS AND ARTICLES

1782920284 Law
July 1, 2026
Private Credit Funds Face Scrutiny Over Software Exposure Amid Investor Concerns

Private credit fund managers are facing increased scrutiny over their exposure to software companies as investors continue to pull money from the sector during ongoing market volatility.

1782836587 Law
June 30, 2026
FINRA Signals Stronger Enforcement Focus on Reg BI, Excessive Trading, and Best Execution

The Financial Industry Regulatory Authority (FINRA) plans to intensify its enforcement efforts against Regulation Best Interest (Reg BI) violations, excessive trading, options trading, churning, and best execution failures after bringing a record number of retail investor protection cases in 2025, according to ThinkAdvisor.

1782744905 Law
June 29, 2026
Former Arvest Wealth Representative Sanctioned by FINRA Over Improper Use of Mistaken Commission Payment

The Financial Industry Regulatory Authority (FINRA) has suspended former Arvest Wealth representative Brandon Still for 18 months and fined him $5,000 after determining that he improperly used firm funds that were mistakenly deposited into his account.