SEC Obtains Final Judgments Against Ponzi Scheme Operators

The U.S. District Court for the District of Oregon entered final judgments against Oregon residents Robert D. Christensen and Anthony M. Matic, and their related entities Foresee Inc., The Commission PDX LLC, The Policy PDX LLC, and Innings 150 LLC, for operating a multi-year Ponzi-like scheme.

The SEC’s complaint, filed on June 30, 2023, alleged that from at least January 2018 through September 2022, Christensen and Matic used four entities that they founded – Foresee Inc., The Commission PDX LLC, The Policy PDX LLC, and Innings 150 LLC – to raise money from retail investors, including several retirees, for the purported purpose of investing in real estate.

The SEC says Christensen and Matic allegedly raised this money through the offer and sale of unregistered promissory notes, which promised high interest rates between nine and 15 percent to be paid to investors, in addition to the return of all principal, within just a few months. In reality, the complaint alleged, Christensen and Matic did not have the ability to pay investors the promised returns within the time periods identified in the notes; instead, they relied on new investor money to pay earlier investors. Additionally, Christensen and Matic allegedly used investor money for unauthorized and undisclosed purposes, including to pay for at least one vacation, gifts, casino trips, massages, personal expenses, a whiskey club membership and cryotherapy.

Without admitting or denying the allegations, Christensen, Matic, and their related entities consented to the entry of final judgments that permanently enjoin them from violating SEC rules. The final judgments also impose conduct-based injunctions as well as $5,374,482 in disgorgement and prejudgment interest. Additionally, the final judgments order Christensen and Matic to each pay a $200,000 penalty and impose permanent officer and director bars against them.

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