Boots’ broker gets five
Posted on October 9, 2009 at 7:51 amA federal judge has sentenced David Cacchione to five years in prison for his role in the investment fraud led by Preds co-owner William “Boots” Del Biaggio.
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Boots sheds tears, gets years
Posted on September 8, 2009 at 3:57 pm
A federal judge today sentenced Boots Del Biaggio, the Silicon Valley financier and Preds co-owner, to eight years in prison for appropriating millions in bank loans and investment funds.
SEE ALSO: The Post’s coverage of the Boots story as it unfolded.
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SEC charges Del Biaggio broker
Posted on March 24, 2009 at 1:55 pmThe feds say Scott Cacchione was key to helping Boots Del Biaggio secure much of the money he needed to buy his stake in Preds.
Using the doctored statements, Del Biaggio was able to obtain $45 million in personal loans from banks and private lenders (part of which he used to purchase an interest in a professional hockey team). According to the SEC, Cacchione furthered the deception by signing documents falsely confirming that Del Biaggio owned the assets in the innocent customers’ accounts.
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Boots pleads guilty
Posted on February 4, 2009 at 8:36 pmThe first leg of the legal saga around the Preds’ largest owner ended today with William “Boots” Del Biaggio III pleading guilty to securities fraud.
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These Boots were made for pleadin’
Posted on January 29, 2009 at 10:39 pm
The Contra Costa Times says Predators part-owner Boots Del Biaggio will plead guilty next week to some of the fraud charges facing him.
In the federal criminal case, Boots Del Biaggio is accused of using phony collateral to obtain $48 million in loans and $54.9 million in loan guarantees, most reportedly to buy an interest in the Nashville Predators hockey franchise. The single criminal count carries a maximum 25-year prison sentence, although a lighter sentence is expected as part of the plea deal.
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Report: Preds ordered to produce numbers
Posted on January 28, 2009 at 8:14 amThe Toronto Star updates us on the Boots Del Biaggio bankruptcy case and the “tough” order telling the Preds they need to hand over certain documents.
Sources tell Post Business the court’s order is a lot more ordinary-course-of-business than The Star makes it out to be. A little too much salt on the Toronto ice, perhaps…
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