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BRIEFLY : EX-ISLANDERS OWNER PLEADS GUILTY TO FRAUD.


John Spano John A. Spano, Jr. (born May 31, 1964) is a businessman and swindler who briefly bought control of the NHL's New York Islanders before he was exposed as a fraud. Becoming an NHL owner  Jr., whose deal to buy the New York Islanders The New York Islanders are a professional ice hockey team based in Uniondale, a hamlet located on Long Island in Town of Hempstead, Nassau County, New York, United States.  fell apart when he was unable to meet the payments, pleaded guilty Tuesday in Uniondale, N.Y., to criminal charges related to his efforts to purchase the NHL NHL Non-Hodgkin's lymphoma, see there  team.

Spano was accused of making fraudulent claims to obtain the $80 million loan from Fleet Bank that he used to buy the team in April. Spano also spent $400,000 of the team's money after fraudulently assuming ownership.

Spano quietly said ``yes'' when asked by the judge if he were guilty of each of the charges against him; two counts of wire fraud, one count of mail fraud and one count of bank fraud.

Spano could be sentenced from 51 to 63 months in prison. He can also be fined $250,000 for each wire and mail fraud charge. The bank fraud charge carries a $1 million fine.

Spano, who forfeited ownership of the team when he missed a payment, is to be sentenced in federal court in Uniondale in six to eight weeks.

Buffalo Sabres defenseman Alexei Zhitnik signed a one-year contract with the team for $1.5 million, about $500,000 less than he was asking.

Calgary Flames defenseman Todd Simpson will undergo arthroscopic knee surgery Arthroscopic knee surgery
Surgery performed to examine or repair tissues inside the knee joint through a special scope (arthroscope).

Mentioned in: Chondromalacia Patellae

arthroscopic knee surgery 
 today and could miss from a week to at least a month.

The Ottawa Senators and center Shaun Van Allen Shaun van Allen (born August 29, 1967 in Shaunavon, Saskatchewan) is a former hockey player who played on the Ottawa Senators before the 2004-05 NHL lockout and subsequently, lost his contract.  agreed to terms on a new multiyear contract. Van Allen, 30, appeared in 80 regular-season games with the Senators last season after being acquired from the Mighty Ducks.

BASKETBALL: The Chicago Bulls and forward Dennis Rodman agreed to a one-year contract with a base salary that is ``considerably more'' than $2.5 million. Rodman will sign the contract by the end of the week, said his agent, Dwight Manley.

The WNBA WNBA Women's National Basketball Association
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 will extend its regular season and playoffs next season and add an All-Star Game in 1999, the league said.

GOLF: Jim Colbert, playing his first competitive round since surgery for prostate cancer prostate cancer, cancer originating in the prostate gland. Prostate cancer is the leading malignancy in men in the United States and is second only to lung cancer as a cause of cancer death in men.  in June, made three birdies and teamed with Nick Price and Kelly Robbins to win the Gillette Tour Challenge in Hamilton, Bermuda.

Robert Wernick of Rancho Mirage parred the second hole of a sudden-death playoff to capture the 20th annual SCGA SCGA Southern California Golf Association
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 Senior Amateur Championship at Saticoy Country Club in Somis. The 57-year-old Wernick fired his second consecutive round of 4-over-par 76 over the rugged, wind-swept course to finish at 152 before edging former champions Bud Bradley of Santa Monica and Paul Ladin of Westlake Village in the playoff.

HORSE RACING: Pulpit, an early favorite to win this year's Kentucky Derby, has been retired to stud following a training injury. Gus Koch, assistant manager at Claiborne Farm in Paris, Ky., said the horse bruised his left front foot and was being retired because he would lose valuable training time.
COPYRIGHT 1997 Daily News
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:SPORTS
Publication:Daily News (Los Angeles, CA)
Date:Oct 8, 1997
Words:469
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