Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Peter Pocklington, the former owner of the Edmonton Oilers hockey team, is accused of making false claims about Arizona gold mines and defrauding investors out of millions, says a report in The Calgary Herald.
According to documents filed with the Arizona Corporation Commission, Pocklington “engaged in transactions, practices or courses of business that operated or would operate as a fraud or deceit upon investors.” The allegations have yet to be tested in court.
Pocklington, 70, is accused of selling unregistered securities, performing transactions as an unregistered dealer and making “untrue statements of material fact.” The documents allege that Pocklington misrepresented the amount of recoverable gold in surface mines scattered around La Paz County, Arizona, and also misrepresented his company’s ability to recover what gold did exist.
In 2009 Pocklington was arrested and charged with bankruptcy fraud. He is well known in Canada for leading the Edmonton Oilers to five Stanley Cup wins during the 1980s.
Image of Peter Pocklington sourced from Youtube
