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      "text": "C&C found guilty of selling unregistered securities",
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      "text": "Per Nevada business filings and Christensen's Minnesota bankruptcy documents, Lancer's business status was revoked in 2005 when it failed to report a list of its officers to Nevada's Secretary of State. However, in 2006, Christensen, alongside Chad Longson, appears to have established C&C Capital, LLC, which continued to accept investments for Petters per PwC's analysis of the scheme. Between Jan and Jul 2008, C&C – formally set up to engage in real estate financing – sold $3.3M of (unregistered) promissory notes backed by \"inventory financing.\" We note that this kind of activity was at the core of the Petters scheme – and, of course, that C&C was listed as having raised funds for Petters.",
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