Oxford City Football Club Named in $6.6M Stock Investment Fraud Case

Deceptive boiler room tactics lead to trade suspension, resignation of CEO

The SEC suspended trading for the Oxford City Football Club amid allegations of fraud and conspiracy to commit fraud by their CEO, Thomas Guerriero. The SEC contends that Guerriero used pressure tactics and led thousands of inexperienced investors to put money into the Oxford City Football Club, under the false impression that the company they were investing in was a robust, diverse group of successful and popular sports teams, real estate holdings and academic institutions. The investment strategies employed were deceptive and significantly misrepresented the company’s assets.

Some of the deceptive tactics used by Mr. Guerriero included developing a script that was communicated to Investors by consultants who were charged with selling Oxford City Football Club Stock. The investors were told that shares could be purchased at a significantly reduced rate, but they were not told that the share price was inflated or that Guerriero was operating a boiler room.

In addition, investors were not told that because the shares were unregistered or that there would be a holding period before the securities could be resold. Investors were told many details about valuable real estate property, a possible listing on the New York Stock Exchange, and a lucrative payoff. Each of these claims were false. In a period of 18 months, it is estimated that more than 150 investors purchased shares of the inflated stock, for a total of $6.6 million. Guerriero operated the company as a boiler room using an army of cold callers to sell penny stocks to unsophisticated investors.

The SEC announced the trade suspension on 12/11/15 and since these serious allegations, Mr. Guerriero has resigned from the Oxford Football Club. Mr. Guerriero worked at multiple FINRA brokerage firms and was terminated from three broker dealers.

If you’re an investor and you are concerned that your broker has acted inappropriately with your investment funds, you have rights. You may can partner with a knowledgeable and experienced securities firm that is positioned to be able to help you recover some or all of your financial losses. Silver Law Group has decades of experience in securities arbitration and a track record of success recovering losses for our clients.

The attorneys at Silver Law Group represent investors nationwide and understand how devastating the news of a breach in trust can be. We offer complimentary consultations and we operate on a contingent-fee basis, meaning that we are only compensated if we are actually able to help you recover your losses. Contact us today to learn more about your rights and to find out if you should pursue a consultation with one of our experienced attorneys.