Bail set at $1 million for Pocklington
RIVERSIDE, Calif. -- 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 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.
Copyright 2009 by The Associated Press
MORE NHL HEADLINES
- CEO of Maple Leafs, Raptors to step down
- Veteran G Giguere retires after 16 seasons
- Thornton, Marleau stripped of leadership roles
- Islanders reach deal to transfer ownership