{"id":4749,"date":"2017-06-29T21:17:50","date_gmt":"2017-06-30T02:17:50","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4430"},"modified":"2017-06-29T21:17:50","modified_gmt":"2017-06-30T02:17:50","slug":"sec-accuses-ex-coo-penny-stock-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-accuses-ex-coo-penny-stock-fraud\/","title":{"rendered":"SEC Accuses Ex-COO of Penny Stock Fraud"},"content":{"rendered":"

\t\t\t\tThe US Securities and Exchange Commission has brought penny stock fraud charges<\/a> against Diana P. Lovera, the ex-COO of Oxford City Football Club, Inc. Lovera faced criminal charges in a parallel case and she has already pleaded guilty to conspiracy to commit mail fraud and wire fraud. <\/p>\n

According to the SEC\u2019s Complaint, from about 7\/2013 to 7\/2015, Lovera and others at the penny stock company used a boiler room and exercised pressure tactics to raise about $6.6M from over 150 investors. They sold millions of unregistered Oxford City stock shares. Many of the investors involved were unaccredited.<\/p>\n

The regulator is accusing Lovera of making misstatements about Oxford City\u2019s assets, potential for profit, business plan, and management composition. She also allegedly falsely told potential investors that they could \u201clock in\u201d a reduced share price by using Oxford City\u2019s voice verification \u201csystem.\u201d She touted the system as having the ability to link the personal information of investors to an SEC filing. <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The US Securities and Exchange Commission has brought penny stock fraud charges against Diana P. Lovera, the ex-COO of Oxford City Football Club, Inc. Lovera faced criminal charges in a parallel case and she has already pleaded guilty to conspiracy to commit mail fraud and wire fraud. According to the SEC\u2019s Complaint, from about 7\/2013 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3801,3760,3741],"tags":[2545],"class_list":["post-4749","post","type-post","status-publish","format-standard","hentry","category-sec","category-sec-enforcement","category-securities-fraud","tag-penny-stock-fraud"],"yoast_head":"\nSEC Accuses Ex-COO of Penny Stock Fraud — Investor Lawyers Blog — June 29, 2017<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission has brought penny stock fraud charges against Diana P. 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