Boca Raton's John Mattera Accused In Facebook Stock Scam

John Mattera | From His Website www.matterareserve.com

UPDATE AVAILABLE: CLICK HERE AFTER READING THIS POST.

WASHINGTON, DC (BocaNewsNow.com) — Boca Raton Private Equity firm Chairman John A. Mattera — who runs “The Mattera Fund”  has been accused by the Securities and Exchange Commission of trying to take advantage of investors hoping to get in on the ground level of the IPO’s of Facebook, Groupon, and others.

According to the SEC, Mattera created “The Praetorian Global Fund,” and “falsely claimed that the fund and affiliated Praetorian entities owned shares worth tens of millions of dollars in privately held companies that were expected to soon hold an initial public offering (IPO) including Facebook, Groupon, and others.”

The SEC says, “Taking advantage of investor interest in pre-IPO shares that are virtually impossible for company outsiders to obtain, Mattera and others solicited funds and gave investors a falls sense of comfort that their money was protected by telling them than an escrow service was receiving their funds.”

Read the official press release from the SEC by clicking here.

Read the SEC Complaint by clicking here.

No immediate response from Materra.

A records check shows that he was arrested in 2008 and charged with assault an officer and resisting arrest.

 

Name:  MATTERA, JOHN ANDREW Race:  White DOB:  10/09/1961
Address:    205 SE SPANISH TL, BOCA RATON, FL 33432 Gender:  Male
Facility:  SURETY BOND OBTS Number:  5003235788 Booking Date/Time:  03/18/2008 05:14
Arresting Agency:  32 – BOCA RATON Officer: ROSEN Release Date: 03/18/08  Time: 22:45
Holds For Other Agencies:No Jacket Number: 0179935
Booking Number:   2008017028 Booking Date/Time:  03/18/2008 05:14
 Charges:
 784.07-2572  SIMPLE ASSLT-ON OFFICER FIREFIGHTER EMT ETC
Original Bond: $1,500.00 Current Bond: $1,500.00  Bond Information
 784.07-2572  SIMPLE ASSLT-ON OFFICER FIREFIGHTER EMT ETC
Original Bond: $0.00 Current Bond: $0.00  Bond Information
 784.03-2560  BATTERY-TOUCH OR STRIKE
Original Bond: $1,500.00 Current Bond: $1,500.00  Bond Information
 843.01-3142  RESIST OFFICER-WITH VIOLENCE
Original Bond: $3,000.00 Current Bond: $3,000.00  Bond Information