RIVERSIDE, Calif. (AP) -Bail has been set at $1 million for former Edmonton Oilers owner Peter Pocklington, who pleaded not guilty earlier this week to bankruptcy fraud charges.
U.S. attorney’s office spokesman Thom Mrozek says bail was set at a hearing Friday in federal court in Riverside. Mrozek says Pocklington was expected to post bail and be released Friday night. Mrozek says he’ll be subject to home detention and electronic monitoring. His trial is scheduled for May.
The 67-year-old Pocklington was arrested at his Palm Desert home Wednesday on allegations he concealed assets during bankruptcy proceedings. He was arraigned that day and pleaded not guilty.
If convicted, Pocklington faces up to 10 years in prison.
A message was left with Pocklington’s attorney.
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