Ex-NHL Owner Who Traded Gretzky Subject of $14M SEC Fraud Suit

Peter H. Pocklington, former owner of the Edmonton Oilers National Hockey League franchise, and his company are the subjects of a $14 million SEC fraud complaint involving hidden identities and misappropriated funds.

Pocklington and others raised $14 million by offering unregistered securities in The Eye Machine LLC while hiding his identity and putting investor funds to personal use, according to an April 5 Securities and Exchange Commission complaint in the U.S. District Court for the Central District of California.

The Eye Machine LLC and its associates — Pocklington, owner; Lantson E. Eldred, manager; Terrence J. Walton, chief financial officer; and ...