Peter pocklington house california

RIVERSIDE, Calif. – Peter Pocklington, the flashy former owner of the Edmonton Oilers hockey team, will be going to prison.

On Friday, Pocklington was sentenced to six months jail time, six months of house arrest, and two more years of probation.

After receiving the sentence Friday, Pocklington sent the following statement to Global News:

The District Court found that while I was on supervised release, I did not disclose sufficient information to the probation officer. I respect the justice system of the United States, and I accept the findings of the District Court. Obviously, this is not a development I welcome, but I accept full responsibility for my actions and I will willingly comply with each and every condition of my supervised release.

Those who know me also know that throughout my life, I have encountered and successfully overcome much adversity. I do so again now, grateful for the expressions of support I have received from my family, friends and associates. Adversity is a great teacher and makes those who strive to overcome it better people.

Onward and upward.

The decision comes after a judge in California ruled Monday that the 71-year-old had violated the terms of his probation by submitting an inaccurate monthly income report, a task he was ordered to complete following a conviction for perjury.

U.S. assistant attorney Tony Raphael explained Thursday that Pocklington didn’t adequately disclose a $15,000 consulting fee he received in January 2012.

Judge Virgina Phillips heard sentencing arguments on the case Friday in Riverside, near Los Ange

The Canadian entrepreneur has a somewhat infamous standing among Oilers fans. He's loved for the early success of the team and bringing Wayne Gretzky to Edmonton, but also has his critics for trading the Great One afterwards too. After selling the Oilers in 1998, Pocklington and his family left to live in Palm Springs, California.

The old ask of «if these walls could talk» certainly applies to this home in particular. These walls may have heard detailed accounts of acquiring Wayne Gretzky, trading Wayne Gretzky, and everything in between the greatest years of Oilers hockey history. If you've got a cool $2.4M laying around and are in the market, owning a piece of Oilers history would be incredibly cool.

Source: DailyHive - The price to own a piece of Oilers history has fallen by over $800K

In April, the Securities and Exchange Commission charged Peter Pocklington – a Palm Desert resident, convicted felon and former owner of the Edmonton Oilers hockey team – with fraud.

Three months later, Pocklington is planting the seeds for a new local business: Growing cannabis.

The SEC sued Pocklington and related entities on April 5, alleging the group defrauded investors while raising money for Nova Oculus Partners LLC, an Indian Wells-based medical device startup developing a treatment for macular degeneration.

Pocklington has faced accusations of securities fraud before. In 2013, the Arizona Corporation Commission ordered him to pay $5.1 million restitution in a settlement related to a gold mining venture, Crystal Pistol Resources LLC. And in 2010, he pleaded guilty to felony perjury.

Now the one-time sports franchise owner has emerged at the center of a new venture seeking to put down roots in the Coachella Valley: Magic Dragon Realty LLC, a company setting out to grow cannabis at an undisclosed location in the Coachella Valley.

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MORE:This small office in Indian Wells is at the center of a $14M fraud, SEC says

On June 12, the company filed a document with the SEC showing it intends to raise as much as $12.5 million from investors – and identifying Pocklington as Magic Dragon’s manager.

Magic Dragon has also launched a website, www.themagicdragonrealty.com, where it outlines plans to wholesale medicinal cannabis throughout California. It projects annual revenue will exceed $55 million in five years.

But according to cannabis industry data as well as interviews with marijuana growers and consultants, Magic Dragon’s financial predictions appear overly optimistic. The company could also face substantial regulatory hurdl

Canadian entrepreneur (born 1941)

Peter Hugh Pocklington (born November 18, 1941) is a Canadian entrepreneur.

Peter Pocklington was known among North American hockey fans as "Peter Puck", an entrepreneur from oil-rich Alberta who was also the owner of the National Hockey League (NHL)'s Edmonton Oilers. He earned the enmity of many Canadians when he sold hockey's greatest player, Wayne Gretzky, to the Los Angeles Kings.

A vocal advocate of free-market capitalism, Pocklington had various business interests throughout his career. Outside sports, his best-known venture was his tenure as owner of a meatpacking plant in Edmonton, where he became embroiled in a bitter labour dispute in 1986.

Pocklington's life experiences were extensively documented in the 2009 biography, I'd Trade Him Again: On Gretzky, Politics and the Pursuit of the Perfect Deal, written by Terry McConnell and J'lyn Nye. The book's title was inspired by Pocklington's ongoing conviction the Gretzky trade was the right deal at the right time and had a positive impact on all parties concerned: the Oilers, the Kings, Gretzky, and the game itself.

Early life and career

Pocklington was born in Regina, Saskatchewan, to Basil Cohen Pocklington, an insurance executive who had immigrated from England as a young man, and his wife, Eileen (Dempsey), and grew up in London, Ontario.

The greatest influence on young Pocklington was the legendary motivational speaker Earl Nightingale and his best-selling recording, The Strangest Secret. "It literally stated, 'You become what you thin