Description :

John Angelo Spano Jr.

John Angelo Spano Jr. is a well known fraudster to the National Hockey League of America. During the year 1997, he bought New York Islanders ice hockey team by posing himself as a wealthy businessman. He made a deal with John Pickett, long time owner of New York islanders by buying his ice hockey team for $165 million. He convinced Pickett that he was a businessman with a net worth of $500million, showing his company of 22 employees as a corporation with 6000 employees.

“He even scammed Pickett by telling him that he has inherited assets from his wealthy grandfather for about $230 million worth. He was caught when an article about his net worth and assets was released on New York Times. He was indicted of wire fraud, mail fraud, asset fraud and loan fraud which he requested the London bank for an $80 million loan, stating that it was for the development of Islanders stadium and team. He was sentenced to six years in jail. Even after his release from jail he continued his forgery and got caught again in the year 2014 for his act of defrauding hospitals in Ohio by promising to give them linen for patients.