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SEC charges medical device company with fraud

Jaclyn Jaeger | April 6, 2018

The Securities and Exchange Commission has charged a medical-device company and convicted felon and former NHL team owner Peter Pocklington, and others with defrauding investors by hiding Pocklington’s recidivist history and by misappropriating investor funds.

The SEC alleges that in 2010, Pocklington pleaded guilty to a federal felony perjury charge and was later ordered to pay over $5 million as part of a settlement for unrelated state securities fraud and registration charges. Pocklington subsequently founded and now controls California-based The Eye Machine (now known as Nova Oculus Partners), a medical-device company that raised over $14 million between 2014 and 2017 from more than 260 investors in unregistered offerings.

According to the SEC’s complaint, Pocklington and his attorney, Lantson Eldred, structured the ownership of The Eye Machine to conceal Pocklington’s role with the...

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