November 26, 2014
PALM DESERT, Calif. (AP) - The former owner of the Edmonton Oilers has been arrested at his Palm Desert home for allegedly concealing assets during bankruptcy proceedings.
In an indictment unsealed Wednesday, Peter Pocklington is charged with making false statements in bankruptcy and making false oaths and accounts in bankruptcy. If convicted, he faces up to 10 years in federal prison.
The 67-year-old Pocklington is accused of failing to disclose to a bankruptcy court two bank accounts as well as contents of two
storage units. Pocklington claimed to have debts of nearly $20 million, but assets of only about $2,900.
Pocklington sold the Oilers in 1998.
He is expected to appear in court later Wednesday. It was unknown if he had retained an attorney.
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