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Thomas Guerriero Sentenced on Oxford City Football Club Boiler Room Scam-South FLA

Thomas Guerriero Sentenced on Oxford City Football Club Boiler Room Scam-South FLA

Thomas Guerriero Sentenced on Oxford City Football Club Boiler Room Scam-South FLA 150 150 Rex Securities Law

May 13, 2016

The Sun Sentinel reports that Thomas Guerriero, former director of British-based Oxford City Football Club was sentenced to 12 years and 7 months for his role in orchestrating a $6.6 million boiler room operation that has financially ruined the lives of many of the elderly victims.

Guerriero lived on Hillsboro Beach and operated his scam from an office in Deerfield Beach, FL.

Victims told the court at the sentencing that they were “cold called” and were tempted by promises of becoming millionaires. Investors who wanted to back out were physically threatened by Guerriero.

Seven others who participated in the scheme have pleaded guilty to related charges and will be sentenced in the future:

  • Diana P. Lovera, 32 and Victor Lovera, 28, of Deerfield Beach
  • Edward R. Sachs, 56, of Boca Raton
  • Joseph Loish, 59, and Frank Penaloza, 30, of Pompano Beach
  • Steven L. Goldstein, 60, of Sunrise
  • Steven Sharaf, 63, of Pembroke Pines

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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