Former Marine From RI Accused of Running Ponzi Scheme Sued in MA for Fraud

Former Marine From RI Accused of Running Ponzi Scheme Sued in MA for Fraud

Christopher Aubin has been hit by another lawsuit — this one filed in Massachusetts claims that he has committed fraud against two small business women.

Aubin is a former U.S. Marine from Rhode Island who is already facing lawsuits and criminal charges in Rhode Island. 

Now, there are claims against Aubin from individuals in Rhode Island, Massachusetts, and Arizona. Between criminal and civil claims the number of individuals making allegations against Aubin is now more than a dozen.

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Mass Lawsuit - More Than $600,000

In the new two-count lawsuit filed in Bristol County Superior Court in the Commonwealth on Monday, Aubin is being accused of fraud.

In the first count of the lawsuit, conversion, the filing asserts, “Aubin intentionally or wrongfully have exercised acts of ownership, control or dominion over personal property to which he has no right of possession at the time. As a result, the Plaintiffs were damaged.”

In the second count, a claim of fraud, the lawsuit states, “Aubin made a false representation of a material fact with knowledge of their falsity regarding Anchor State's business and the use of the funds for the purpose of inducing the Plaintiffs to act thereon.”

According to the Massachusetts lawsuit, “Aubin and Anchor State solicited loans from HOB [name of the business] and Jordan [Teixaria]. Aubin and Anchor State represented to HOB and Jordan that the loans solicited from HOB and Jordan would be used for various construction and real estate projects. Aubin and Anchor State promised HOB and Jordan that they would receive the principal amount of their loans, plus interest on their loans, within 90 days. HOB and Jordan lent $546,557 to Anchor State…”

“Every time one of Jordan's and HOB 's short term loans matured, Aubin convinced Jordan and HOB to ‘rollover’ the loans into ‘other projects’ so that Aubin and Anchor State would not have to repay Jordan and HOB their funds when they became due. As of December 1, 2024, all of Jordan's loans and HOB's loans to Anchor State were due. Jordan asked Aubin for the return of her funds on December 1, 2024, but she has been continually stalled and lied to. Aubin and Anchor State have continually promised to repay Jordan and HOB but every time the payment is promised, it is never received,” according to the lawsuit.

Alysha Melo, a second woman who is a party to the Massachusetts lawsuit against Aubin, alleges that she, too, is a victim of Aubin.

“Alysha lent $85,000 to Anchor State. The $85,000 was due to Alysha on September 20, 2024. On October 2, 2024, Alysha requested her money back and Aubin and Anchor State have refused to return the money,” according to the lawsuit.

Combined, the two women claim Aubin owes them more than $600,000.

GoLocal has confirmed that the Rhode Island State Police have been investigating Aubin during the past four months.

Rich Nicholson, one of the attorneys representing Aubin in the growing number of lawsuits, did not respond to phone, text, or email requests for comment at the time of publication.

The number of alleged victims continues to grow; in November, GoLocal reported that investor Matthew Tooker from Arizona claims he is owed more than $50,000 by alleged schemer Aubin, according to documents and audio recordings provided to GoLocal.

 

Aubin Sued in RI by Eight Individuals

In recent months, eight individuals have sued Aubin in Superior Court in Rhode Island. The lead litigant claims that Aubin is running a Ponzi Scheme.

Patsy Sperduto says that Aubin is taking in investors' money and using it to fly private jets, pay for tens of thousands in custom suits, and drive Lamborghinis.

Sperduto invested hundreds of thousands of dollars into Aubin's firm and was promised big returns. Anchor State Investments claims it makes real estate investments and "hard money" lending.

“He was driving a Lamborghini Huracan, and then he was driving a Lamborghini Urus," said Sperduto.

Aubin’s Instagram page is littered with photos from Paris, flying in private jets, and vacationing in Greece.

Last month, GoLocal published how Aubin had hired Rhode Island Speaker of the House John Harwood as one of his attorneys and, in a phone conversation with a disgruntled investor, claimed that Harwood would fix his legal issues as he was the "telephone guy."

 

Arrested by Cumberland Police for Fraud

In September, Cumberland Police arrested Aubin on charges relating to two alleged financial crimes, according to court records.

According to Rhode Island court documents, Aubin was charged with one felony count of forgery and counterfeiting and one misdemeanor count of filing a false financial statement to obtain a loan or credit.

Aubin did not enter a plea and was released on a $5,000 bond, according to court records.

Aubin’s company — Anchor State Investments — focuses on buying properties and “hard money lending.”

One version of the company's website states, "Our team is comprised of people with different kinds of finance experience, but we all have this in common — a commitment to ethics and integrity. We’re all fully licensed and credentialed."