PORTLAND, Ore. (KOIN) – The co-owner of a local real estate investment company pleaded guilty on Thursday for his role in an $18 million fraud scheme, the U.S. Attorney’s Office for the District of Oregon announced.
The owner, 55-year-old Robert Christensen of Sherwood, pleaded guilty to conspiracy to commit wire fraud and money laundering.
Christensen was joined in the scheme by the company’s co-owner 55-year-old Anthony Matic of Damascus, who pleaded guilty in March to conspiracy to commit wire fraud charges, officials said.
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According to court documents, the scheme occurred from January 2019 through June 2023, when Christensen and Matic convinced investors to fund the purchase and renovation of undervalued residential real estate properties…