Peter Pocklington, the one-time owner of the Edmonton Oilers and long-time most-hated man in Canadian hockey is in trouble again. ‘Puck’, as he is known, has been accused of defrauding Arizona investors out of millions in a dodgy gold scheme.
From the Edmonton Journal:
In documents filed with the Arizona Corporation Commission earlier this month, investigators accuse Pocklington of several instances of securities fraud while he was trying to attract investors to his Gold Nugget Mining project in 2010 and 2011.
Pocklington, 70, is accused of selling unregistered securities, performing transactions as an unregistered dealer and making “untrue statements of material fact.”
The documents allege that Pocklington misrepresented the amount of recoverable gold in surface mines scattered around La Paz County, Ariz., and also misrepresented his company’s ability to recover what gold did exist.
For children of the 80s, Pocklington will be forever known as the man who ‘sold’ Wayne Gretzky south to L.A., breaking up one of the greatest hockey teams of all time and forever scarring at least one Need To Know correspondent.