Penny Stock Fraud
The SEC has announced fraud charges against, and taken steps to freeze the assets of, Oxford City Football Club Inc., a Florida-based penny stock company that has falsely touted itself as “The largest publicly traded diversified portfolio of professional sports teams in the world.”
According to the SEC press-release, Oxford City Football Club Inc. “used pressure tactics and a boiler room of salespeople to raise more than $6.5 million from primarily inexperienced investors who were misled to believe that the company was a thriving conglomerate of sports teams, academic institutions, and real estate holdings.” In reality, this company was actually losing millions and turning zero profit from just two lower-division soccer teams in the UK.
Investors being led to believe a company is thriving when it is in fact losing money have every right to hold these companies accountable. If you have suffered economic damages after purchasing stock under false premises, the Florida stock fraud attorneys at Colling Gilbert Wright can help. Our attorneys have decades of combined experience holding dishonest and deceitful companies accountable and are prepared to take your case as far as needed to secure the compensation you deserve.
To schedule your free case evaluation with one of our stock fraud lawyers, please contact Colling Gilbert Wright today. Located in Florida, we represent victims of stock fraud throughout the United States.