SEC v. Christopher Aubin; Anchor State Capital LLC; Anchor State Investments LLC; and Anchor State Properties LLC, No. LR-26315, District of Massachusetts (May 27, 2025) — Press Release
raw: Christopher Aubin; Anchor State Capital LLC, f/k/a Anchor State Investments LLC; Anchor State Properties LLC
Christopher Aubin; Anchor State Capital LLC, f/k/a Anchor State Investments LLC; Anchor State Properties LLC, No. 1:25-cv-11379 (May 27, 2025)
Christopher Aubin and his companies were charged by the SEC for orchestrating a $2.5 million Ponzi-like scheme that misled investors through false promises of high-interest returns.
Christopher Aubin and his entities, Anchor State Capital LLC and Anchor State Properties LLC, were charged with securities fraud for misappropriating approximately $2.5 million from at least 24 investors. The defendants allegedly violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934. The SEC complaint alleges that funds were used to pay earlier investors and cover Aubin's personal expenses rather than making real loans.
The SEC charged Christopher Aubin and his companies, Anchor State Capital LLC and Anchor State Properties LLC, with fraud for operating a Ponzi-like scheme between April 2023 and December 2024. The defendants raised approximately $2.5 million from at least 24 investors by promising high-interest returns on short-term loans. Instead of funding loans, Aubin used the capital to make payments to earlier investors and to fund personal luxuries such as luxury travel and vehicles. The complaint specifically notes that Aubin deceived multiple investors, including two Marine Corps veterans who served with him. The defendants face charges for violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934. Additionally, Ashley Corcoran was named as a relief defendant to recover misappropriated proceeds.
Exhibits & Attached Documents (1)
Extracted insights
- $2.50M $2.5 million $1M–$10M
- organization Anchor State
- agency Securities and Exchange Commission
- organization Securities and Exchange Commission
- Christopher Aubin charged with fraud
- Securities And Exchange Commission charged Christopher Aubin and Anchor State
- Christopher Aubin raised $2.5 million
- Anchor State made false and misleading statements
- Christopher Aubin promised high-interest loans
- Anchor State stated returns between 12% and 19%
- Christopher Aubin used investor money for personal expenses
- Securities And Exchange Commission filed complaint in federal court
- Ashley Corcoran received proceeds from investor funds
- Christopher Aubin and Anchor State violated Section 17(a) of the Securities Act of 1933
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26315 / May 27, 2025 Securities and Exchange Commission v. Christopher Aubin, Anchor State Capital LLC, f/k/a Anchor State Investments LLC, and Anchor State Properties LLC, No. 1:25-cv-11379 (D. Mass. filed May 15, 2025) SEC Charges Massachusetts Resident and his Companies with Stealing Investors’ Money On May 15, 2025, the Securities and Exchange Commission charged Massachusetts resident Christopher Aubin and his Rhode Island-based companies, Anchor State Capital LLC, formerly known as Anchor State Investments LLC, and Anchor State Properties LLC (collectively, Anchor State), with fraud for making false and misleading statements in connection with the sale of Anchor State securities. According to the Commission’s complaint, the defendants raised an estimated $2.5 million from at least 24 investors. The complaint also alleges that defendants used investor money to make payments to earlier investors and to pay Aubin’s own business and personal expenses. The SEC’s complaint, filed in federal court in Massachusetts, alleges that, from at least April 2023 through December 2024, Aubin deceived multiple investors – at least two of whom were Marine Corps veterans who had served with him. The complaint alleges that Aubin promised to use investor money to make short-term, high-interest loans to Anchor State borrowers as an alternative to traditional financing. According to the complaint, Anchor State’s investment contracts stated that investors would receive returns between 12% and 19% for investments lasting between one month and eight months. The complaint alleges that Aubin made very few real loans to borrowers. Rather, as the complaint further alleges, Aubin actually used investors’ funds largely to make Ponzi-like payments to earlier investors or to pay for his own business and personal expenses, including lavish meals, luxury travel and vehicles. The complaint charges Aubin and Anchor State with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The complaint names as a relief defendant Ashley Corcoran, who allegedly received proceeds from the investor funds. The SEC’s case is being handled by Heidi M. Mitza, Patrick Noone, Steve Shepard, Kathy B. Shields, and Kevin B. Currid, all of the SEC’s Boston Regional Office.
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26315 / May 27, 2025 Securities and Exchange Commission v. Christopher Aubin, Anchor State Capital LLC, f/k/a Anchor State Investments LLC, and Anchor State Properties LLC, No. 1:25-cv-11379 (D. Mass. filed May 15, 2025) SEC Charges Massachusetts Resident and his Companies with Stealing Investors’ Money On May 15, 2025, the Securities and Exchange Commission charged Massachusetts resident Christopher Aubin and his Rhode Island-based companies, Anchor State Capital LLC, formerly known as Anchor State Investments LLC, and Anchor State Properties LLC (collectively, Anchor State), with fraud for making false and misleading statements in connection with the sale of Anchor State securities. According to the Commission’s complaint, the defendants raised an estimated $2.5 million from at least 24 investors. The complaint also alleges that defendants used investor money to make payments to earlier investors and to pay Aubin’s own business and personal expenses. The SEC’s complaint, filed in federal court in Massachusetts, alleges that, from at least April 2023 through December 2024, Aubin deceived multiple investors – at least two of whom were Marine Corps veterans who had served with him. The complaint alleges that Aubin promised to use investor money to make short-term, high-interest loans to Anchor State borrowers as an alternative to traditional financing. According to the complaint, Anchor State’s investment contracts stated that investors would receive returns between 12% and 19% for investments lasting between one month and eight months. The complaint alleges that Aubin made very few real loans to borrowers. Rather, as the complaint further alleges, Aubin actually used investors’ funds largely to make Ponzi-like payments to earlier investors or to pay for his own business and personal expenses, including lavish meals, luxury travel and vehicles. The complaint charges Aubin and Anchor State with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The complaint names as a relief defendant Ashley Corcoran, who allegedly received proceeds from the investor funds. The SEC’s case is being handled by Heidi M. Mitza, Patrick Noone, Steve Shepard, Kathy B. Shields, and Kevin B. Currid, all of the SEC’s Boston Regional Office.