Oregon Residents Robert D. Christensen and Anthony Matic Charged by the SEC
Oregon Lawyers
It is not often that we see SEC investigations in our home state! The Securities and Exchange Comission (SEC) recently announced legal action against two Oregon residents, Robert D. Christensen and Anthony M. Matic, along with several entities under their control. The SEC has accused them of orchestrating a Ponzi-like scheme, which has led to charges being filed against them for allegedly misleading investors into purchasing over $10 million in promissory notes.
Allegations Against Oregon Residents
The complaint, filed in the U.S. District Court for the District of Oregon, alleges that from at least January 2018 through September 2022, Christensen and Matic utilized four entities they founded, namely Foresee Inc., The Comission PDX LLC, The Policy PDX LLC, and Innings 150 LLC, to raise funds from retail investors, including retirees, under the guise of real estate investments. Jeff Manning writes in Oregon-Live that in some cases, “Christiansen convinced people to sell their homes and invest the proceeds in the promissory notes.” Investors were enticed by the promise of hight interest rates ranging from nine to fifteen percent, with assurances of principal repayment within a few months. Christensen and Matic were unable to fulfill these commitments within the stated timeframes, resorting to using new investor funds to pay returns to earlier investors, indicative of a Ponzi scheme.
Misappropriation of Investor Funds
The commplaint alleges misappropriation of investor funds for unauthorized and undisclosed personal expenses, including vacations, gifts, casino trips, massages, personal expenses, a whiskey club membership, and cryotherapy. Jeff Manning writes in Oregon-Live that,
Legal Action
Banks Law Office is currently investigating the situation to examine if there is any opportunity to recover investor’s money. Please contact our office Contact to speak with an experienced securities litigation attorney with nearly 40 years of experience in Oregon.