((HT: San Jose Mercury News))Pete Carey and Brandon Bailey, who have been following the William "Boots" Del Biaggio ((pictured, thanks Rick E. Martin/mercurynews.com)) case from the drop of the puck, come forward with news the Feds are filing charges against the man alledging a US$65-million fraud over a five-year period.
"Mr. Del Biaggio exploited his reputation and relationships to defraud numerous lenders and clients out of tens of millions of dollars, bankrolling his dream of owning a professional sports team and maintaining an extravagant lifestyle," said Marc Fagel, director of the Securities and Exchange Commission's regional office in San Francisco.
In addition to a complaint filed by the SEC in federal court, officials said the U.S. Attorney's office was also planning to file separate criminal charges against del Biaggio.
View the complaint by clicking the black...
It's ten pages, but we think you'll want to know where Jim Balsillie is getting his stake in the Nashville Predators franchise from ((to end a sentence in a preposition))...
Nothing like the disgorgement of IGG...
No comments:
Post a Comment