Within a few years, Pocklington was running the most successful Ford dealership in Canada. While Peter was in Toronto he met with Maple Leafs owner . It was through his charitable works that he became close friends with famed tenor Luciano Pavarotti, former British prime minister Margaret Thatcher, and former U.S. presidents Gerald Ford[4] and George H. W. The original is held in the Vault Room at the Hockey Hall of Fame. One of his earliest business ventures was to find old cars on the farms around his maternal grandparents' home in Carberry, Manitoba, buy them for $25, then ship them to Ontario by train, where he sold them for upwards of $500. In May, the Arizona Corporation Commission, the equivalent of a provincial security commission in Canada, ordered Pocklington and an associate to pay more than $5 million US tosettle a securities fraud case. 13 Best Places for You, Top online casinos to try when travelling the UK in 2023, Quick Tips to Improve Your Next Online Casino Experience, 5 Things To Do On Your Phone When Youre Bored In Ontario. The SEC is suing The Eye Machine, an Indian Wells medical device startup, for securities fraud. Pocklington had become a member of the exclusive Vintage Club in Indian Wells in 1990, according to court documents, and later moved therefull-time. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. The address is also used on filings with the SEC. The Sun published the letter of thanks intact on October 14, 2014.[24]. "[14], On December 6, 2013, the CBC reported Pocklington would appeal his sentence, had been released on $100,000 bail and would not be reporting to prison as ordered. We will fight to bring the Nova Oculus medical device to market. In his excitement, Pocklington decided to pay a unique tribute to his father: he put his dad, Basil Pocklington, on the list of names that would be engraved onto the Stanley Cup. Save my name, email, and website in this browser for the next time I comment. The first woman was Marguerite Norris, who was president of the Detroit Red Wings in 1954-55. In 1963, NHL President Clarence Campbell thought that the Dominion Cup had become too brittle to constantly be passed about so he created the Presentation Cup which is the Cup that we know and love today. Pocklingtons business empire eventually exceeded $2 billion in sales; massive real estate holdings throughout Alberta and Ontario; Fidelity Trust, one of Canada's largest trust companies; Palm Dairies, one of the largest retailers of dairy products in Western Canada; Canbra Foods, a canola manufacturer; Magic Pantry, which sold prepared foods that did not require refrigeration; Kretschmar Foods, which serviced restaurants; Green Acre Farms, a chicken-processing company with plants in Texas and Mississippi; and Gainers, an Edmonton-based beef- and pork-packing company. The third Cup, known as theReplica Cup is an exact duplicate of the Presentation Cup. Pocklington claims he has had only nice things to say about the couple, yet he has repeatedly defended the trade as being a sound business decision that he would not hesitate to make again. "We have worked diligently and honestly with all of our investors and have been conscientious in guiding the company through the necessary regulatory frameworks. Pocklington made most of his wealth from owning the largest auto dealerships in Canada however that didn't stop him from building his business empire acquiring sports teams, a meat packing company and other business. [10] "The Probation Office was crystal clear about the absence of anything resembling probable cause," wrote Judge Margaret McKeown. The greatest influence on young Pocklington was the legendary motivational speaker Earl Nightingale and his best-selling recording, The Strangest Secret. Every hockey fan knows what the Stanley Cup is and hopes that their team will bring it home. 600 people paid . RCMP allege an officer from their Banff detachment was pulling over a driver in Canmore, Alta., late Friday when the lone occupant of the vehicle and the . The SEC also alleges that money investors intended for The Eye Machine instead went to undisclosed and unauthorized expenses, as follows: The transactions include at least onepaymentsigned by the companys CFO, Palm Springs CPA Terrence Walton, who was a signatory on The Eye Machine's bank accounts. Peter Pocklington, ex-Edmonton Oilers owner, gets jail time | CBC News Loaded. Do You Need to Move Your Old Parents to a New House? Or how many women have their names on the Cup? By 1971, when Pocklington was only 29, he left Ontario and moved west, where he bought Shirley Ford in Edmonton, Alberta. In the '80s, Pocklington ran a $1-billion empire consisting of Fidelity Trust Co., meat-packer Gainers Inc., car dealerships, real estate and oil and gas interests. But the probation was extended after evidence surfaced that he had been involved in a gold-mining, stock-promotion scheme in Arizona. Those who know me also know that throughout my life, I have encountered and successfully overcome much adversity. [11] The court had earlier heard evidence that Pocklington had, over a 19-month period, failed to disclose consulting fees paid to a company controlled by his wife. The SEC alleges The Eye Machine used. But by 1998, the tycoon's debts had climbed. He would almost sell the team to then Houston Rockets owner Les Alexander, and the team almost moved there until the team was bought by a locally-based investors group shortly before the team concluded its 1997-98 season in May 1998, which elected to keep them in Edmonton. By the time Pocklington was 25, he owned his first car dealership, Westown Ford in Tilbury, Ontario. All rights reserved. He has lived a life of Success and Failure in his pursuit of the perfect deal. 5 Quickfire Tips for Improving Your Blackjack Game, FCFmarkets.com Review: Trade Indices and Enhance Profit Margins, Mrktsexpert.com Review: Your Ultimate Solution to Futures Trading. Peter Pocklington's net worth The first was Sylvain Lefebvres daughter,who was baptisedafter the Colorado Avalanche won in 1996. These were eventually returned. That lineup went off the rails and blew up when Pocklington acquired the magnificent young star Wayne Gretzky to the team in 1979. The SEC saysthe real person in charge of The Eye Machine was Peter H. Pocklington, a one-time owner of the Edmonton Oilers hockey team. He still owes the Alberta government $13 million. In another development Friday, the judge said she will entertain a motion from Pocklington's many creditors to unseal financial records related to his offshore trust accounts. Since then, Pocklington has had new business ventures. It was quickly recovered, but took another swim two years later. CBC's Journalistic Standards and Practices. View the profiles of people named Peter Pocklington. The bankruptcy estate trustee and Eva Pocklington compileda list of belongings to be divided between them. They had gotten a flat tire and took the Cup out of the car to change the tire. NHL executives, via the Hockey Hall of Fame, had the engraver strike out the name of the senior Pocklington by engraving a series of Xs over his name. The team's success, however, could not offset its owner's financial woes. Pocklington also became active in Betty Ford Center, serving on its executive and finance committees, according to his oral history interview. Circuit Court of Appeals reversed that ruling on appeal. [16][17], In April 2012, investigators with the Arizona Corporation Commission alleged Pocklington and an associate, John McNeil, had engaged in securities fraud related to Crystal Pistol Resources LLC and Liberty Bell Resources 1, LLC. The Ballard project took Cadieux four years to complete. He was held ransom in his home, ran unsuccessfully for the leadership of the federal conservative party and has had numerous brushes with the law. It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. Reach her at amy.dipierro@desertsun.com. The money came from gold-mine, stock-promotion companies owned by Pocklington, a fact only disclosed during the court hearing earlier this week. In an attempt to defendhis character in the criminal case, Pocklington submitteda letter from John T. Schwarzlose, then the CEO of Betty Ford Center, in court documents. He is a member of famous Actor with the age 81 years old group. A decade later, he shocked fans by trading him to the Los Angeles Kings. Instead of leaving it, they Xd out his name. Also learn how He earned most of networth at the age of 80 years old? The Eye Machine, which also goes by the name Nova Oculus Partners, concealed the true identity of the person at the helm of the company, misappropriated investor funds to pay personal expenses and funneled undisclosed and excessive commissions to their sales agents, the SEC claims in court documents. Currently, Brian ONeill and Ian Morrison are those two trustees and have absolute power over all matters regarding the Stanley Cup. And every time we won a Stanley Cup the guys would present President Ford with his Stanley Cup ring and so hes got five Stanley Cup rings in the safe somewhere.. In addition to defendants in the Coachella Valley, the SEC lawsuit also names three sales agents, two inOrlando, Floridaand one inMission Viejo, Florida. Palm Springs, Ca: Currently Peter Pocklington is a Retired Investor, Entrepreneur and Business Visionary. The Ageless Foundation and its founder, Naomi Balcombe,won a court order in July 2008 toraid Pocklington'sIndian Wells home and strip him of56 pieces of artwork located there. Within a few years he had sold the Tilbury dealership and bought another in nearby Chatham. We have estimated For one thing, the Stanley Cup goes to the players first, instead of the owners. If you haven't read the riveting book, I'd Trade Him Again, now is the time to pick up your copy to find out more about this Peter Pocklington's rising-from-the-ashes story. Being cooped up in the house during the pandemic inspired him to tackle a new project. True hockey fans will be the first to say that their sport has the best trophy. The money however, has not been repaid and the commission has joined Pocklingtons long list of creditors. Unlike other teams, a new trophy is not made every year. The company kicked things off with theannouncement of a licensing deal to market a non-invasive treatment for macular degeneration. "We do not tell our investors anything their data is not telling us. We didnt miss a year, Pocklington told an interviewer. The . [7], By the late 1980s, increasing player salaries led the Oilers to trade Gretzky and other stars, such as Paul Coffey, Mark Messier, Jari Kurri, Glenn Anderson, Kevin Lowe and Grant Fuhr. As new names are added, old rings are removed. That was the 1994-95 New Jersey Devils who made the tradition what we know today. We are committed to raising capital in accordance with existing rules and regulations." Cadieuxsaid he spent months researching Pocklington's life story, selecting his favourite moments and charting them scene by scene. Among his gifts were $1.5million he helped raise for the Canadian Cystic Fibrosis Foundation; $1million for the Jamie Platz YMCA; $300,000 for the Glen Sather Sports Medicine Clinic at the University of Alberta; $250,000 to establish a free-enterprise chair at the University of Alberta's School of Business; and upwards of $2million for Junior Achievement. Butan investigation byArizona authorities found that Pocklington and his partners had committed state securities fraud. Learn How rich is He in this year and how He spends money? He was just 18 years, 2months, and 9 days old when the Detroit Red Wings won the Cup in 1955. "Losing the Oilers was like having my heart torn out," Pocklington told his biographers. The larger-than-life story of Peter Pocklington, the infamous former owner of the Edmonton Oilers, is being recreated on the smallest of scales. Coquihalla Highway: How Was This Highway Made And Was It Closed Last Year, Where To Go Hiking Near Montreal? He publicly threatened to move the team to Hamilton and Minneapolis, but never made good on the threats. Hedeclared bankruptcy at his biggest holding company,sold the Oilers and shed a $750,000 wine collection, among other assets, according to a 2008 profile in The Globe and Mail. A third local man named as a defendant in the lawsuit, Palm Springs-based CPA Terrence J. Walton, declined comment when reached by phone. The NHL allows the winning team to spend 100 off-season days with the Cup, but who was the first to give each player a day with it? "[18], On June 4, 2013, a decision rendered by the Arizona Corporations Commission ordered the respondents to pay the commission $5,149,316, and an administrative penalty for $100,000. Peter also owned a Rolls Royce Phaeton which had been used in The Great Gatsby (1974), a painting by Maurice Utrillo, and the $150,000 diamond ring off of his wife's finger and now the co-owner of the Edmonton Oilers. "The Trade," as it is came to be known, so upset Canadians, one lawmaker demanded that the government buy Gretzky's contract so it could be sold to a Canadian team. The players actually get the Cup for a day. In a new biography about the one-time Edmonton Oilers owner, "I'd Trade Him Again," Pocklington recalls a deal he almost made where the Leafs and Oilers would have swapped cities. "Concealing Pocklingtons control of Eye Machine enabled Eye Machine, AMC Holdings, Pocklington, and Eldred to conceal Pocklingtons extensive prior record of criminal and regulatory violations from investors," the complaint says. "There's just something about the little Lego man that people love, and especially when you're doing something about an eccentric owner doing these crazy things. So if youre visiting the Hall of Fame during the summer chances are you are going to be seeing the Replica Cup. And Pocklington who lives in California apparently approves. Injured man faces charges following gunfire exchange with RCMP west of Calgary. The Wanderers, as it so happens, are one of only two teams to have their names engraved on the original bowl of the Cup. Peter Hugh Pocklington (born November 18, 1941) is a Canadian entrepreneur and vocal advocate of free-market capitalism . One of Pocklingtons most controversial decisions was to sell the brightest star of the sport to the Gretzky Los Angeles Kings in August 1988. Eldred is chairman of theMcCallum Theatre Foundation, the nonprofit that manages gifts and grants on behalf of the theater of the same name in Palm Desert. Edmonton Oilers owner Peter Pocklington and his good friend Nelson Skalbania have a laugh together at a special event at the Convention Centre in Edmonton Alta., on March 29, 1984. Founded in 2009, The Hockey Writers is a premier destination for news and information on everything hockey. Ford accepted, and it became a tradition for Pocklington to bring his hockey team to visit Ford in Rancho Mirage, where Pocklington remembers the team rented out Wallys Desert Turtle restaurant in Rancho Mirage and attended a cocktail party at Fords home. Pocklington was instead sentenced to house arrest and two years probation. The lawsuit names three desert residents: Peter Pocklington, Lantson Eldred and Terrence Walton. "I have been told by my physician that further delay will exacerbate the macular degeneration in my eye, and that I may lose vision in my right eye if I wait to receive this medical treatment until after my probation is terminated in November, 2012.". The Cup has come a long way since then. Among the group of players: a young Wayne Gretzky. Discover today's celebrity birthdays and explore famous people who share your birthday. [12][13], At the time, Pocklington released a statement saying, "I accept full responsibility for my actions. Canmore - A 27-year-old man faces charges after a shootout between an officer and a suspect west of Calgary. Since 1926, its beenawarded to the top professional team in the National Hockey League. Henri Richard, brother of Maurice Richard, has his name on the Cup 11 times as a player. ", Season 2 is now complete. According to his biography, he offered a diamond ring his wife was wearing to dinner as his downpayment. But that deal went south, too. A PR representative of Nova Oculus, Roger Gillott, replied to requests for comment witha written statement from Pocklington that has also been posted online. 4 x #StanleyCup Champion @nhl@DetroitRedWings @HockeyHallFame pic.twitter.com/KfOKh2cwIT. In the spring of 1982, during an intruder's botched attempt to kidnap Eva, Pocklington was taken hostage at gunpoint for 11 hours in his mansion in Edmonton. When Lord Stanley donated the Cup he made sure to mandate that two trustees would always ensure that the Cup remained safe. 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