Ex-NHL Owner Conned Investors Out Of $14M, SEC Says

By Hayley Fowler (April 5, 2018, 8:01 PM EDT) -- The U.S. Securities and Exchange Commission socked the former owner of the National Hockey League's Edmonton Oilers, his medical device company and five others with a suit in California federal court Thursday alleging they bilked $14 million from investors while hiding the owner's past felony conviction.

Peter H. Pocklington, a Canadian citizen also known as Puck, is accused of using Nova Oculus Partners LLC, formerly The Eye Machine LLC, to solicit funds from 260 investors who weren't told of his convictions for securities fraud in Arizona and passing the money out to other named defendants as lofty commissions. Pocklington also allegedly...

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