Boca Raton's John Mattera Accused In Facebook Stock Scam

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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