E. Javier Loya

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.
Javier Loya grew up in El Paso, Texas as one of seven siblings in his family. His father worked in a clothing manufacturing plant and taught his children the importance of education. 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.
In 2007, Javier co-founded OTC Global, a commodities brokerage that manages commercial commodity expenses. 
Javier is a Houston based entrepreneur; In 2002, Javier received the “Entrepreneur of the Year” Award from the Houston Hispanic Chamber of Commerce. In 2004, Javier was named as “Hispanic Businessman of the Year” by the United States Hispanic Chamber of Commerce, additionally in the same year Javier was given the John Jay Award for distinguished professional achievement from his former university, Columbia University. In 2007, Javier was honored as an “Emerging Leader” by the Greater Houston Partnership.In 2010, Javier was awarded the “Entrepreneur of the Year” Award by Ernst & Young.
Additionally, Javier has served on the Board of Regents for Texas Southern University as well as other charitable foundations across Houston.
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.
Javier is passionate about football, he played for the Columbia Lions as a linebacker throughout his academic career at Columbia University. Post-graduation, Javier dedicated his time and resources to giving back to his athletic community in his hometown El Paso, Texas.
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. 
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.
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. 
===Choice! Energy LP===
In 1994, Javier co-founded Choice! Energy LP with two partners. Choice was an energy brokerage firm specializing in natural gas. 
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. 
====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. 
===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.
===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. 
====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. 
Loya and other accuses denied the allegations. Below are the examples of excessive spending outlined in the lawsuit:
* 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.
=== 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. 
Category:American businesspeople
Category:American company founders
Category:People from Houston