Articles Tagged with 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.