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 am grateful to have found an outstanding law firm that specializes in securities matters. My lawyers were extremely knowledgeable, diligent, and are skilled litigators. No stone was left upturned. As a result of their experience and tenacity, the arbitration proceeding was dismissed in my favor.

Michael E.

LATEST NEWS AND ARTICLES

1790182800 Law
September 23, 2026
SEC Warns Investors About Pre-IPO Investment Scams

The SEC's Office of Investor Education and Advocacy (OIEA) has issued an Investor Alert warning investors about scams that falsely offer opportunities to purchase "pre-IPO" shares of companies.

1790092133 Law
September 22, 2026
Wells Fargo Advisors Continue Manual Trading Amid Vendor Disruption

Wells Fargo Advisors brokers continued placing trading orders by phone and email as a disruption involving an outside vendor persisted for a second week.

1790008446 Law
September 21, 2026
Blackstone Limits Withdrawals From Blackstone Private Credit Fund

Blackstone's flagship private credit fund faces continued pressure from investors seeking liquidity.