E. Javier Loya

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E Javier Loya
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NationalityMexican-American
CitizenshipUnited States of America
Alma materColumbia University
Occupation
  • Chairman
  • CEO
Years active2007–present
Spouse(s)Lucinda Vincent-Loya
Children2

E. Javier Loya is a Mexican-American business entrepreneur. Javier Loya is most notably known as the co-founder of :OTC Global Holdings, a commodity brokerage that handles commodity expenses for commercial and retail accounts, founded in 2007.

Summary

Javier Loya grew up in El Paso, Texas as one of seven siblings in his family.[1] His father worked in a clothing manufacturing plant and taught his children the importance of education.[2] Javier had attended the Ivy league college Columbia University. Post graduation, Javier co-founded his first company, an energy brokerage company Choice! Energy. By 26 Years old, Javier became a millionaire and purchased full control of the company in 2000.

In 2002, Javier had become minority owner of the :Houston Texans as principal owner Bob McNair was looking to add a diverse group of investors representative of the Houston community.[3]

In 2007, Javier co-founded OTC Global, a commodities brokerage that manages commercial commodity expenses. [4]

Achievements

Javier is a Houston based entrepreneur; In 2002, Javier received the “Entrepreneur of the Year” Award from the Houston Hispanic Chamber of Commerce.[5] In 2004, Javier was named as “Hispanic Businessman of the Year” by the United States Hispanic Chamber of Commerce[6], additionally in the same year Javier was given the John Jay Award for distinguished professional achievement from his former university, Columbia University.[7][8] In 2007, Javier was honored as an “Emerging Leader” by the Greater Houston Partnership.[9]In 2010, Javier was awarded the “Entrepreneur of the Year” Award by Ernst & Young.[10]

Additionally, Javier has served on the Board of Regents for Texas Southern University as well as other charitable foundations across Houston.[11][12][13]

Education and family

Javier graduated from New York City’s Columbia University with a Bachelor of Arts in Political Science in 1991. Javier married Lucinda Vincent (Now Lucinda Vincent-Loya) and has 2 children.[14]

Football career

Javier is passionate about football, he played for the Columbia Lions as a linebacker throughout his academic career at Columbia University.[15] [16] Post-graduation, Javier dedicated his time and resources to giving back to his athletic community in his hometown El Paso, Texas.[17]

Javier is engaged with the Greater Houston Senior Football Showcase, a charitable organization that has generated over $100 Million in scholastic aid for over 3000 participants since 2008.[18][19][20][21]

In 2011, Javier found the Greater El Paso Football Showcase Combine, which gave out over $9 Million Dollars in scholarships to over 100 high school seniors.[18][22][23]

In 2017, Javier Loya was honored by the Ivy Football Association at its bi-annual at the Sheraton New York Times Square Hotel. Loya, along with representatives of the seven other Ivy League schools were honored by the organization as distinguished graduates.[24] [25]

Career

Choice! Energy LP

In 1994, Javier co-founded Choice! Energy LP with two partners. Choice was an energy brokerage firm specializing in natural gas. [26][27][28]

In 2000, Javier had purchased control of the company from his partners.

In 2002, Texas had deregulated the Power Market, causing Loya to launch a new firm -Choice Energy Services. As the sole owner of Choice Energy Services, Loya was able to expand his business niche from wholesale markets to retail commodities management.[29] [30]

Litigation

Javier Loya’s company, Choice Energy, filed a lawsuit against 9 of their brokers for breach of contract. The 9 brokers filed a countersuit claiming they were forced to resign due to unpaid commissions and hostile work environment. All but one broker settled out of court. During this lawsuit, Javier was accused of being a High Stakes Gambler. Which sparked an investigation from the NFL due to Javier’s ownership of the Houston Texans. According to the NFL Ownership Guidelines, it is a violation for owners or employees of any NFL team to take part in any gambling.[31][32]

Houston Texans

In 2002 Javier became the first Hispanic owner in the NFL with his purchase of a minority stake in the Houston Texans. Javier was one of 10 investors in the Houston Texans.[33][34][35][36][37][38][39]

OTC Global Holdings

In 2007, Javier co-found OTC Global Holdings as a commodity brokerage that initially acquired Choice Natural Gas, Choice Power, and Choice Energy. OTC Global Holdings has become a powerhouse in the commodities industry as it soon grew to service over 450 institutional clients and have offices around the world from US based Locations in Houston, Chicago, New York to London, Geneva, and Singapore.[40][41][42][43][44]

Litigation

In late December of 2019: John Klosek, one of the founding members of OTC Global Holdings, filed a lawsuit against the CEO Javier Loya, COO Joseph Kelly, and several employees. The lawsuit was over extravagant spending sending the company to a negative net worth. [45]

Loya and other accuses denied the allegations. Below are the examples of excessive spending outlined in the lawsuit[46]:

  • Charging $17,000 on a corporate credit card for his daughter's 16th birthday party
  • Spending $4,000 dining out in high-end restaurants on multiple occasions in the same week.
  • Charging up to $2.7 Million to OTC Global Holdings between January 2018-October 2019 on professional basketball, football, and baseball tickets
  • Loya and Kelly are accused of unauthorized interest-free, unsecure loan to themselves in upwards of $4.2 Million.

The claims state the defendants have embezzled over millions of dollars from OTC Global Holding’s revenue as their personal bank account. The lawsuit is currently on-going.[47][48]

Veneno Tequila

In September 2019, Javier and his wife Lucinda and several Houston entrepreneurs launched a tequila brand called Veneno Tequila. The event featured free tequila tastings, food, cocktails and a DJ. Actor :Danny Trejo was the first person to introduce and drink the bottle of tequila.[49][50][51][52]

References

  1. ↑ "Robertson: Energetic trader Loya personifies American dream". May 9, 2002.
  2. ↑ "Celebrating Transformative Experiences". October 7, 2015.
  3. ↑ "Four Houstonians to know and hundreds of energy execs". November 9, 2015.
  4. ↑ "OTC Global Holdings Announces Formation of Edge Environmental". April 29, 2010.
  5. ↑ "Hispanic male entrepeneur of the year says system works". September 28, 2002.
  6. ↑ "USHCC Presents Hispanic Leadership and Business Awards; Opening breakfast of 25th Annual Convention to Host Regional Awards". August 31, 2004.
  7. ↑ "JOHN JAY AWARDS". Retrieved September 25, 2020.
  8. ↑ "John Jay Awards To Honor Alumni, Parent". Retrieved September 27, 2020.
  9. ↑ "DeBakey honored as one of 'Houston's Greatest'". December 12, 2007.
  10. ↑ "Lucinda and Javier Loya". The Social Book - Houston.
  11. ↑ "Perry picks 5 appointees to reshape TSU". May 10, 2007.
  12. ↑ "Senate confirms new Texas Southern regents". May 12, 2007.
  13. ↑ "Texas Southern Takes Step Back to Stability". May 14, 2007.
  14. ↑ "FEATURES - Javier Loya '91". January 2003.
  15. ↑ "College Football; Lions Edge the Tigers With a Fierce Defense". October 28, 1990.
  16. ↑ "C5 More Reasons to Celebrate Columbia Athletics". Retrieved September 27, 2020.
  17. ↑ "Part-owner of Houston Texans still giving back to El Paso's student-athletes". December 14, 2017.
  18. ↑ 18.0 18.1 "Ivy Football Association Honors Javier Loya". January 26, 2017.
  19. ↑ "Greater Houston Senior Football Showcase Board of Directors". Retrieved September 27, 2020.
  20. ↑ "Second-chance athletic showcase turns $5,000 budget into $12 million in scholarships". February 6, 2015.
  21. ↑ "NFF High School Showcases Expand Impact". February 10, 2019.
  22. ↑ "915 Showcase Combine gives El Paso players a shot at next level". December 20, 2019.
  23. ↑ "Kappy's Corner". September 14, 2011.
  24. ↑ "Ivy Football Association Honors Javier Loya". January 26, 2017.
  25. ↑ "Robert W. Pangia '73 To Be Honored By Ivy Football Association". September 9, 2016.
  26. ↑ "Building on a choice". November 24, 2002.
  27. ↑ "Loya Named Hispanic Male Entrepreneur of the Year". February 23, 2004.
  28. ↑ "Power In Energy Trading Shifts to Smaller Brokers". July 2, 2007.
  29. ↑ "Houston power co. to go on hiring spree, move headquarters". October 4, 2016.
  30. ↑ "Money Makers: Javier Loya". August 11, 2004.
  31. ↑ "NFL Probes Allegation Against Texans Partner". February 16, 2008.
  32. ↑ "What a Gas! Texas Mogul Streams $4.3 M. to Moby and Pals for Stuy Square Spread". October 14, 2008.
  33. ↑ "Hispanic businessman becomes newest investor in Texans". March 26, 2002.
  34. ↑ "NFL owners table proposal to incentivize hiring minorities, expand Rooney Rule". May 19, 2020.
  35. ↑ "Summit seeks to widen NFL opportunities for minorities". June 22, 2020.
  36. ↑ "Coaching Summit offers positives, but major diversity issues remain". June 23, 2020.
  37. ↑ "Texans' minority owner defends Bob McNair and players". October 31, 2017.
  38. ↑ "Coaching Summit offers positives, but major diversity issues remain". June 23, 2020.
  39. ↑ "Quarterback Coaching Summit Aims to Create Opportunity for Black NFL Coaches". June 18, 2020.
  40. ↑ "History & Timeline".
  41. ↑ "Bloomberg: Javier Loya Business Profile".
  42. ↑ "Q&A: Market volatility a way of life for commodities broker". April 27, 2017.
  43. ↑ "Commodity Broker of the Year OTC Global Holdings". Retrieved September 27, 2019.
  44. ↑ "Nicholas Ernst joins Choice Natural Gas as Director of Weather Markets". May 31, 2013.
  45. ↑ "San Antonio Express News Co-Owner Sues Houston Brokerage". December 19, 2019.
  46. ↑ "Raw materials: the castle life of the managers of a broker on the verge of bankruptcy". December 19, 2019.
  47. ↑ "CEO's $17,000 Birthday Party Spurs Commodity Brokerage Lawsuit". December 17, 2019.
  48. ↑ "Partner sues commodities broker for clocking up expenses". December 18, 2019.
  49. ↑ "This Texans Party Turns Into a Red Hot Tequila Launch With Moguls, Beautiful People and Pro Athletes". September 21, 2019.
  50. ↑ "Award Winning Veneno Tequila Celebrates Its First Anniversary". September 21, 2020.
  51. ↑ "Texans vs. Patriots tailgate party doubles as tequila launch". November 29, 2019.
  52. ↑ "Electric Tequila Party in River Oaks District Shows Chic Houstonians Aren't Afraid to Have Fun". September 21, 2020.

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