Newspaper article The Canadian Press

Former Oilers Owner Peter Pocklington Faces New Securities Charges in U.S

Newspaper article The Canadian Press

Former Oilers Owner Peter Pocklington Faces New Securities Charges in U.S

Article excerpt

Former Oilers owner faces new charges

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Former Edmonton Oilers owner Peter Pocklington and his company face new securities charges in the United States.

The Securities and Exchange Commission has charged Pocklington, his medical device company and others with defrauding investors by hiding his previous charges and misappropriating investor funds.

The SEC notes that he pleaded guilty to a federal felony perjury charge and was later ordered to pay more than $5 million as part of a settlement for unrelated securities fraud and registration charges.

Pocklington then founded and now controls California-based The Eye Machine, also known as Nova Oculus Partners, a medical device company that the SEC says raised more than $14 million between 2014 and 2017 from more than 260 investors. …

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