Del Biaggio faces years in prison
The San Jose Mercury News offered some speculation on a potential prison sentence for Predators owner Boots Del Biaggio yesterday:
The loans and loan guarantees total more than $100 million, but the actual loss to lenders will depend on how much restitution Del Biaggio is able to make.
"Federal sentencing guidelines have all sorts of ways to reduce or increase" a sentence, Stevens said, "but a case like that is going to involve a substantial prison sentence for a convicted defendant, depending on the facts of the case, and the amount of the loss. In cases involving that amount of money, it could be over 10 years" if he is convicted, Stevens said.
Another former federal prosecutor, who would not speak for attribution, said a possible sentence could be from eight to 12 years.
Del Biaggio was hit with fraud charges last week in connection with his alleged use of illegally obtained funds "to purchase an interest in a professional hockey team and to finance a luxurious lifestyle."
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