Source: Office of United States Attorneys
PORTLAND, Ore.—The owner of a local real estate investment company pleaded guilty today for his role in an $18 million fraud scheme, joining his business partner and co-owner of the company who pleaded guilty in March 2025.
Robert D. Christensen, 55, of Sherwood, Oregon, pleaded guilty to conspiracy to commit wire fraud and money laundering.
Previously, on March 11, 2025, Christensen’s partner and co-owner of the investment company, Anthony M. Matic, 55, of Damascus, Oregon, also pleaded guilty to conspiracy to commit wire fraud.
According to court documents, from approximately January 2019 through June 2023, Christensen and Matic devised and carried out a scheme wherein they convinced individual investors to fund the purchase and renovation of undervalued residential real estate properties. After renovating the properties, Christensen and Matic claimed they would rent the properties to generate income and then refinance them to extract their increased value from the renovations. The pair further misled investors into believing they would be repaid their full principal investment along with interest as high as eight to fifteen percent and a large lump sum payout, all within periods as short as 30 to 90 days.
Christensen and Matic’s scheme failed to generate the promised returns almost immediately and they began using new investments to repay earlier investors to keep their business afloat. When they were unable to raise enough money from new investors, Christensen and Matic devised a separate scheme to defraud commercial lenders. By December 2020, the pair began submitting loan applications with false financial information to different commercial lenders and, based on their misrepresentations, received millions of dollars in loans.
In total, Christensen and Matic’s two schemes defrauded individual investors out of more than $11 million and commercial lenders out of more than $7 million.
Conspiracy to commit wire fraud is punishable by up to 20 years in federal prison and three years’ supervised release. Money laundering in punishable by up to 10 years in federal prison and three years’ supervised release. Both charges may also result in fines of up to $250,000 or twice the gross gains or losses resulting from the offense.
Christensen and Matic will both be sentenced on October 14, 2025.
This case was investigated by the FBI and IRS Criminal Investigation. It is being prosecuted by Assistant U.S. Attorney Robert Trisotto.