RIVERSIDE, Calif. (AP) -New York Rangers general manager Glen Sather posted $1 million bail for former Edmonton Oilers owner Peter Pocklington on Friday, two days after Pocklington pleaded not guilty to bankruptcy fraud charges.
U.S. attorney’s office spokesman Thom Mrozek said Pocklington will be subject to home detention and electronic monitoring. His trial is scheduled for May.
The Globe and Mail in Toronto reported that Sather, a former Oilers coach and general manager who also serves as New York’s team president, put up property in Minnesota as security to allow Pocklington to be released on bail. The newspaper said the land will be appraised for a surety bond by mid-April.
The 67-year-old Pocklington was arrested at his Palm Desert home Wednesday on allegations he concealed assets during bankruptcy proceedings. He was later arraigned.
victed, he could face up to 10 years in federal prison.
Pocklington filed for personal bankruptcy last year. He is accused of failing to disclose to a bankruptcy court two bank accounts as well as the contents of two storage units. He claimed to have debts of nearly $20 million and assets of only about $2,900. It wasn’t immediately disclosed how much money was in the bank accounts.
To partially satisfy a court judgment, Pocklington gave a creditor a piece of art, a rug and desk that were collectively worth about $80,000 and located in one of his storage units, court documents said.
A message was left with Pocklington’s attorney.
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