SEC v. Oxford City Football Club, Inc. and Thomas Anthony Guerriero (boiler rooms, 2015)

Settled

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The SEC's December 2015 case against Oxford City Football Club, CEO Thomas Guerriero and GCE Wealth ended in consent final judgments entered on 26 January 2017 in the Southern District of Florida. Oxford City owes $6,600,000 in disgorgement and $253,358 in interest; Guerriero and relief defendant GCE Wealth each $2,240,173 plus interest, deemed satisfied by his criminal restitution. Guerriero was sentenced to 12.5 years in prison.

The record

What was ordered

Civil penalty

—

Disgorgement

$6.6m

Prejudgment interest

$253k

Total relief

$6.9m

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this matter on December 16, 2015 as litigation release 23429. The defendants named are Oxford City Football Club, Inc. and Thomas Anthony Guerriero, with GCE Wealth, Inc., an entity he owns, as relief defendant. The complaint, filed December 10, 2015, alleges that from at least August 2013 Mr Guerriero ran a boiler room selling millions of unregistered shares on false claims of a thriving conglomerate, when the company had about $1 million in assets and lost millions each year. The court issued a temporary restraining order and asset freeze, and a parallel criminal case was announced. The record previously showed a $495 million alleged gain; that figure is the company's own claimed five-year profit projection for a university that did not exist, not a gain by anyone.

This library tags the matter as boiler rooms, based on the conduct the document describes. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

The court entered consent final judgments on 26 January 2017 against Oxford City, Guerriero and GCE Wealth, Inc., a relief defendant owned by Guerriero. Guerriero was enjoined from further violations, barred from penny stock offerings and from serving as an officer or director of a public company, and ordered to pay disgorgement of $2,240,173 plus interest of $100,648; GCE Wealth was ordered to pay the same figures. Oxford City was ordered to pay $6,600,000 plus $253,358 in interest. The SEC says Guerriero's disgorgement is deemed satisfied by the restitution order in his criminal case, where he pleaded guilty to conspiracy to commit wire and mail fraud and received 12.5 years. It is not stated how the three disgorgement figures overlap, so the stored money is the company's, the largest single figure.

For the regulator's own account of the facts, read the primary documents linked above. This page summarises the structured record and does not reproduce them.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Boiler rooms — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2015-12-16 Litigation release published
2. 2017-01-26 Consent final judgments entered against Oxford City, Guerriero and GCE Wealth (S.D. Fla.)

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release
• SEC litigation release 23745 (final judgments)

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 3 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.