A Minneapolis financial adviser who was accused of forging property records to make it look like he had the wherewithal to buy into the Minnesota Wild hockey team responded in court filings this week that his accuser and former business associate actually forged the documents.
Bo Beckman, the owner of the Oxford Private Client Group, filed affidavits in Hennepin County District Court from two former business associates who swear that they heard Minneapolis money manager Trevor Cook talk about forging the property records for the Van Dusen mansion in Minneapolis.
All of the men worked out of the mansion together at one time and promoted a controversial currency trading program managed by Cook through companies called Oxford Global Advisors (OGA) and Oxford Global Partners (OGP).
Gerald Durand of Faribault and Christopher Pettengill of Plymouth said in sworn statements that Cook not only discussed forging the property records, but also talked about transferring title of the Van Dusen mansion to OGA as part of a deal that allowed him to use the firm's trademarks and other proprietary information.
Beckman, Cook, Durand and Pettengill initially had been equal partners in OGA, according to Beckman attorney Andrew Luger. After Durand and Pettengill left the company in the summer of 2008, Pettengill retained a 4 percent interest in OGA and Beckman owned the remainder. Cook and Beckman's wife, Hollie, formed OGP with thoughts that Beckman and Cook would be equal partners, but that never happened, according to Lawrence Shapiro, another of Beckman's attorneys at Greene Espel.
Cook continued the currency trading program under the entity.
Beckman and Cook had decided to part company by July, just before nine Ohio investors filed a lawsuit saying they'd been unable to withdraw the nearly $5 million they had invested in the currency program. Publicity about that suit, filed in U.S. District Court in Minneapolis, prompted a run on the Oxford Group and some associated entities in Burnsville that have "Universal Brokerage" or the initials "UB" in their names.
The investors found they could no longer withdraw their money, and Cook has refused to say publicly what happened to it. Beckman, who not only referred clients to the currency program but also invested his and his family's money in it, filed suit against Cook in Hennepin County, demanding an accounting.