(Portland, OR) -- Two men have been indicted for allegedly running an investment fraud scheme in the Portland area that generated 18-million-dollars. Federal prosecutors say 54-year-old Robert Christensen, of Sherwood, and 55-year-old Anthony Matic, of Damascus, allegedly started the scheme in 2019 by raising money to buy undervalued homes, renovate them and then rent the properties. Investors were promised returns of eight to 15 percent within 30 to 90 days. They also defrauded commercial lenders using false applications. They pleaded not guilty and will face trials in October.