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Speaker 1: Ridiculous Crime is a production of iHeartRadio.

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Speaker 2: Zarin Elizabeth, How are you heart? I'm so good. I'm

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Speaker 2: just I'm really fantastic today is it's a good day.

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Speaker 2: I've been enjoying it. Havn't done a damn thing. I

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Speaker 2: love that, which is really enjoyable at the end of

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Speaker 2: the year kind of thing. Yeah, So what about you?

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Speaker 2: You have a good day to day? You feel good?

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Speaker 3: I'm good, good, solid, excellent, solid as a little mac. Yeah,

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Speaker 3: I'm good.

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Speaker 2: Do you know what's ridiculous I do to do?

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Speaker 3: Tell?

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Speaker 2: Oh, well, you're not gonna like this, but I love

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Speaker 2: it so rude dude. Gaz Jackson sent this in, Okay,

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Speaker 2: and I love this because it's an oddity of math, which,

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Speaker 2: as you know, I'm not good at yet I still love.

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Speaker 4: So.

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Speaker 2: The idea is it's called Capri Car's number A CAPRICRS

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Speaker 2: Capri cars numbers, K A p R E k A

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Speaker 2: R CAPRICRS Capri Car's number.

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Speaker 3: Okay.

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Speaker 2: So the number is six, one, seven, four, six and

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Speaker 2: seventy four. Okay, magic number, Elizabeth. Sure, Here's how it works. Elizabeth.

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Speaker 2: Choose a four digit number, any four digit number, but

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Speaker 2: it can be any four digits as long as one

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Speaker 2: digit is different than the others. So it can't be

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Speaker 2: like one one.

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Speaker 3: One oh, oh, okay, one zero eight.

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Speaker 2: Two one zero eight two. Okay. Now with one zero

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Speaker 2: eight two. The next thing you do is you take

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Speaker 2: the number and you select it, and we arrange it

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Speaker 2: so that now it descends from the largest digit to

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Speaker 2: the smallest digit. All right, So this case, it would

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Speaker 2: be eight to zero one one zero. Wait what did

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Speaker 2: I say? Oh, you're right. See, let me take that together,

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Speaker 2: eight two one zero.

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Speaker 4: There you go.

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Speaker 2: So, Micha, I've been trying to do too many things

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Speaker 2: over here. I'm going to keep the track of the

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Speaker 2: number you gave me, and then you arrange it so

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Speaker 2: that it also ascends from the smallest digit to the

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Speaker 2: largest digit zero one two eight zero one two eight exactly.

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Speaker 2: And then that's you know, the essentially the verse. In

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Speaker 2: this case, it would only be a three digit number

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Speaker 2: because the zero gets knocked off and then you subtract them,

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Speaker 2: all right, you get a new number, and that new

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Speaker 2: number becomes the number you use. So this is in

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Speaker 2: this case eight zero eight two.

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Speaker 3: Okay.

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Speaker 2: You follow that same process, So in this case it

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Speaker 2: would be eight eight two zero sure, minus zero, two

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Speaker 2: eight eight, okay, okay, And then you get to a

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Speaker 2: number that this case would be eight five three two.

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Speaker 2: Wish you would have given me an easier number to

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Speaker 2: do this with me? Whatever. Never, So then this one's

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Speaker 2: already arranged highest to lowest. So we just now have

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Speaker 2: to subtract two, three, five eight, and eventually you get.

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Speaker 3: To six one, seven four.

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Speaker 2: It only took us three numbers and we got right there.

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Speaker 2: That's Capricar's number.

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Speaker 3: What witchcraft is that?

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Speaker 2: That's cool. And there's another one that's a three digit number,

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Speaker 2: but I'm not going to overload you with Like, here's

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Speaker 2: another one that's capri cars number. You see, you selected X,

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Speaker 2: we arrange it as Y and Z. You subtract Z

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Speaker 2: from Y, and we get a four digit number. And

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Speaker 2: you keep doing this and it usually only takes a

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Speaker 2: couple of steps before you get to six one, seven four,

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Speaker 2: And every single one of these numbers, no matter what

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Speaker 2: you do, we'll do this.

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Speaker 5: Wow.

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Speaker 2: Isn't that math fun? Kind of ridiculous, super ridiculous. That's

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Speaker 2: awesome atle like magical.

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Speaker 3: I know, I do. I like the little witchcraft magic. Elizabeth,

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Speaker 3: Do you want to know what else is ridiculous.

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Speaker 2: As long as didn't have meat drawing out a calculator.

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Speaker 3: Crossing Mario Lemieux.

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Speaker 6: Oh oh oh, this is ridiculous crime A podcast about

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Speaker 6: absurd and outrageous capers, heists and cons.

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Speaker 3: It's always ninety nine percent murder free and one hundred

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Speaker 3: percent ridiculous.

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Speaker 2: You damn right, you and Mario Lemieux.

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Speaker 3: All of us. I need to preface everything I tell

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Speaker 3: you today with this. Yeah, I know pretty much nothing

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Speaker 3: about hockey.

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Speaker 2: That's not true.

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Speaker 3: Well, I know it's played on ice, and everyone wears skates, yes,

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Speaker 3: and they use a stick to hit a puck.

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Speaker 2: Yes.

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Speaker 3: And they fight a lot, yes, which means that many

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Speaker 3: of them are missing teeth.

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Speaker 2: They're also mostly Canadian, Eastern European, Nordic and Russia.

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Speaker 3: Well, I know that Wayne Gretzky is like their Michael Jordan.

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Speaker 2: Yes. Also good.

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Speaker 3: It's big in the Northern States and New England because

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Speaker 3: it's cold there.

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Speaker 2: Yeah, if you have actually ice occur, actually occurring ice.

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Speaker 3: And I know that our better half, our neighbors to

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Speaker 3: the north, the Canadians, they dominate the sport.

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Speaker 2: Sure, let's go with that.

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Speaker 3: Let's say it key for Sutherland loves.

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Speaker 2: It oh yes, you know my thing.

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Speaker 3: Yeah, fill up the tub, fill up the tubub. So

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Speaker 3: does Mike Myers and Canada's current Prime Minister, the Right

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Speaker 3: Honorable Mark Carney.

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Speaker 2: Oh right, dude, elbows up or something. Yeah. Yeah, if

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Speaker 2: you find that ad with Keifer Sutherland from like I

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Speaker 2: don't know two thousand and two where he's like talking

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Speaker 2: I only know because of football. But anyway, I was

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Speaker 2: like when Fox was had hockey, he did this thing

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Speaker 2: where he was like letting people know that they have hockey.

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Speaker 2: He was like on A twenty four at the time. Yeah,

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Speaker 2: so he was like, oh, they're they're all excited. And

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Speaker 2: he goes in there and he's like that he's doing

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Speaker 2: this like I don't know poem about hockey, and then

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Speaker 2: he ends with fill up the tub. And not like

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Speaker 2: the name fill up the tub. It's more like, you know,

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Speaker 2: pour water in and fill up the tub. But the

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Speaker 2: way he said it, it sounds like fill up the

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Speaker 2: tubill up the tub.

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Speaker 3: It's like an also ran.

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Speaker 2: Children's exactly, Tomas the tank Engine.

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Speaker 3: Fill up the Tub twenty four that era of Keifer.

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Speaker 3: My brother's band had a song on twenty four and

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Speaker 3: it was just his guitar solo.

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Speaker 2: Oh dope, pretty amazing, good job.

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Speaker 3: Try back to hockey. Yeah, fill up the tub, Fill

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Speaker 3: up the tub, Fill up the tub. It's like a

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Speaker 3: bad mobster name. Fill up the tub, GONGOZI. They have

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Speaker 3: cooled giant jerseys.

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Speaker 2: Yeah, hockey. I used to sleep in one I was

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Speaker 2: a kid.

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Speaker 3: Oh did you?

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Speaker 2: That was like first my first sleeping shirt with hockey

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Speaker 2: the back.

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Speaker 3: What team was it?

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Speaker 2: Okay, before the Calgary Flames were the Calgary Flames. So

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Speaker 2: they were the Atlanta Flames, and I had an old

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Speaker 2: Atlanta Flames jersey because you know, they burned down Atlanta

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Speaker 2: and I love God bless anything about burning down Atlanta.

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Speaker 2: So I was like, sureman, do it again.

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Speaker 3: Emilio Estevez, he was in that movie The Mighty Ducks,

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Speaker 3: about a kid's team, and I think they went on

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Speaker 3: to make a new professional team by that name.

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Speaker 2: Movie is so good they made a professional team to

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Speaker 2: match it.

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Speaker 3: I may yeah, I don't know if I had the

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Speaker 3: order of things.

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Speaker 2: Now, that's true that the Mighty Duck Anaheim Ducks are

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Speaker 2: named after the Mighty Ducks.

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Speaker 3: Okay, So I like how Emilio got hockey and his

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Speaker 3: brother Charlie Sheen got baseball and one of the best

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Speaker 3: baseball movies ever made, Major League totally, that's a good movie.

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Speaker 2: You know. He did steroids for that movie so that

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Speaker 2: he could pitch faster, and of course he would do

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Speaker 2: whatever and he gets multiple weeks. But he was like

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Speaker 2: really good. He was throwing five, which back then at

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Speaker 2: the time was like a really good, like you know.

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Speaker 3: You know what up your butt, Joe Booz. So that's

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Speaker 3: what I know about hockey.

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Speaker 2: Right.

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Speaker 3: Aside from that, I got nothing. But you know what

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Speaker 3: I do know crime and scamming. I've become kind of

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Speaker 3: an expert. I have for you today a tail that

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Speaker 3: involves both hockey and scamming.

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Speaker 2: Mario Lemux, get the heck out.

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Speaker 3: There are very few good owners of professional sports teams.

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Speaker 2: This is true.

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Speaker 3: It's like such a flex to own a professional sports

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Speaker 3: team football, baseball, you know, basketball or the Big Dogs, right,

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Speaker 3: and then we've got hockey and.

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Speaker 2: Soccer soccer football. Do you know I am.

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Speaker 3: Part owner of two professional sports teams?

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Speaker 2: Really, Elizabeth, what are they?

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Speaker 3: The Oakland Roots soccer team and Oakland Ballers baseball team.

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Speaker 2: Look at you, it isn't you also a part owner

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Speaker 2: of the.

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Speaker 3: So both of them offer fans opportunities to invest in

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Speaker 3: the team and become part owners. So for the ballers,

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Speaker 3: I'm right there with Billy Joe from Green Day and

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Speaker 3: Too Short.

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Speaker 2: Oh Sam. Yeah, and also Marshaan.

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Speaker 3: Right well know what the roots. Some of the other

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Speaker 3: owners are Marshawn Lynch and again Billy Joe. He's all

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Speaker 3: over this.

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Speaker 2: He seems like it.

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Speaker 3: You can buy in for like one hundred bucks, don't

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Speaker 3: take much.

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Speaker 2: Don't lowball it. So maybe wranchise.

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Speaker 3: So maybe not all team owners are bad.

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Speaker 2: Yeah, because you are one, I am Bill.

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Speaker 3: But for big time stuff like the New England Patriots

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Speaker 3: or whatever town they are in the A's, the owners

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Speaker 3: are no good.

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Speaker 2: Yes, yes, are there good billionaires.

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Speaker 3: You don't become a billionaire without stepping on the backs

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Speaker 3: of others. You pretty much have to be a billionaire

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Speaker 3: to own a major sports team or go. It all

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Speaker 3: makes sense.

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Speaker 2: There's three billionaires that are tough for me to say

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Speaker 2: that here bad Okay you ready? Yeah, Beyonce just became one,

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Speaker 2: Rihanna became one a while ago. She co did mostly

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Speaker 2: on top of the fenty makeer sure. And then Mackenzie

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Speaker 2: Scott trying to give away her money as fast as

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Speaker 2: he can.

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Speaker 3: Oh yeah, no, she's a good billion so she's trying

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Speaker 3: to not be a billionaire.

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Speaker 2: And I have a hard time saying they're bad. But

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Speaker 2: I agree with you, and I'm still down to I'm

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Speaker 2: on the team of bad billionaires.

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Speaker 3: And no war, but class wars eron. Yeah. Anyway, So

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Speaker 3: all that said, let me tell you about John Spano Junior.

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Speaker 2: Oh, okay, I already don't like him. He was born

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Speaker 2: in nineteen he's not a billionaire. Oh I don't. I

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Speaker 2: don't like him like they'll look.

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Speaker 3: So he was born in nineteen sixty four in New

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Speaker 3: York City, New York. I never that is, I know

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Speaker 3: I've been there. So maybe ten years later or so.

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Speaker 3: His family relocated from New York City, New York to

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Speaker 3: a rural community about forty miles outside of Cleveland, Ohio.

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Speaker 2: It's a big change, it is.

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Speaker 3: He was a quote decent student in high school. He

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Speaker 3: played sports, but he like was on any varsity teams.

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Speaker 3: Just an average kid from an average family. He went

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Speaker 3: to an average Catholic school, Saint John's High School.

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Speaker 2: It's like a John Cougar Mellencamp song.

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Speaker 3: Oh I had sucking on a chili dog you better

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Speaker 3: believe it, but he would later tell people. So he

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Speaker 3: went to Saint John's High School, but he was like,

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Speaker 3: I went to high school at Saint John's Academy, which

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Speaker 3: was like a super prestigious prep school. Yeah, so he

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Speaker 3: was like, Saint John's close enough, whatever, they won't realize it.

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Speaker 3: So eighty six, nineteen eighty six, he gets a degree

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Speaker 3: in finance from Duquane University and that's a private college.

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Speaker 2: In Pittsburgh and spelled du Kesney.

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Speaker 3: Yeah, it totally is spelled dodu Kesney. And you know

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Speaker 3: who is a superstar, and looked up how to pronounce it.

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Speaker 3: This gal right here appointing at me.

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Speaker 2: Yeah, I only know it from a there's a street

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Speaker 2: in LA called the Spell that way. And I made

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Speaker 2: the mistake of saying it Dukesney was t un to

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Speaker 2: somebody who was so snide. I hit myself so I

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Speaker 2: wouldn't hit that.

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Speaker 3: I felt like this was a trap in the forest

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Speaker 3: when I saw it, and I was like, that looks

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Speaker 3: like du Kesney, and I promise it is not.

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Speaker 2: Yeah, and I'm going to say it.

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Speaker 3: I'm going to say it, and then we're going to

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Speaker 3: get so inundated with messages, and it's going to make

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Speaker 3: some people so irate that they're like burst a vein.

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Speaker 2: In their head.

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Speaker 3: So it's like, let's do our due diligence ducane. So uh,

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Speaker 3: while he's there, he budied up with future NHL Hall

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Speaker 3: of Famer Mario Lemieux.

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Speaker 2: Oh for real.

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Speaker 3: Yeah, Mario was a rising star with the Pittsburgh Penguins.

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Speaker 2: Yes, he was supposed to be one of the greatest ever.

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Speaker 3: Yeah, and Spano just like latched onto him. He later

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Speaker 3: would refer to Lemieux as one of his best friends.

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Speaker 3: Lemieux didn't take it that far. He said that Spano

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Speaker 3: was just like a golfing partner.

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Speaker 2: I know that guy.

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Speaker 3: He got partners owned. So Spano, he gets out of college,

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Speaker 3: gets himself a job. Take a guess at what he.

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Speaker 2: Did, the equivalent of ball boys, so like puck boy.

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Speaker 2: Oh close.

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Speaker 3: He was a sales associate with an auto leasing company.

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Speaker 2: Oh wow, Yeah, so he did that for like so

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Speaker 2: he was a car salesman.

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Speaker 3: No way you could have figured that out. He did

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Speaker 3: it for about a year and then he got a

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Speaker 3: gig at a company called Recipa Finance. He was a

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Speaker 3: credit manager in their Dallas Texas office. Yeah, and that's

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Speaker 3: where he met his future wife, Shelby Hanson. So Recita financed,

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Speaker 3: they arranged car loans for people with bad credit, and

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Speaker 3: they had offices in forty four states. But they closed

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Speaker 3: up shop in nineteen eighty nine.

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Speaker 2: For exploitative practices.

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Speaker 3: Yes, and so his job is gone. He moved to

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Speaker 3: New York City, the Hot Potato, and it was there

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Speaker 3: he started a business called Bison Group. Oh no, Yeah,

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Speaker 3: and for whatever reason, he specialized in leasing heavy equipment

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Speaker 3: to other businesses. Okay, I do wonder what got him

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Speaker 3: into that.

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Speaker 2: Bison.

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Speaker 3: They'd buy big items like industrial vehicles, aircraft, and then

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Speaker 3: lease that stuff to other companies.

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Speaker 2: Do you think that they were leasing them or buying them.

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Speaker 2: They think they leased the vehicle and then leased the vehicle.

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Speaker 3: I think that's what was happening.

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Speaker 2: Seems like a middleman very much.

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Speaker 3: So so Shelby. She's still in Dallas, and so they're

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Speaker 3: long distance for a couple of years, and then Spano

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Speaker 3: he leaves New York and moves to Dallas to be

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Speaker 3: with her. Two years after that, nineteen ninety four, they

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Speaker 3: got married. Congratulations, you guys.

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Speaker 2: So three years after point break came out.

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Speaker 3: Yes, that was how they celebrated. Yeah, it's been three years, honey.

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Speaker 2: You know that movie came out in nineteen ninety one,

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Speaker 2: It really did.

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Speaker 3: It did. So Spano still had Bison Group. He ran

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Speaker 3: it from Dallas and he used it to network with

302
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Speaker 3: like movers and shakers in Dallas. For him, that meant

303
00:13:36,760 --> 00:13:40,000
Speaker 3: rich local businessmen and like a bunch of former athletes

304
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Speaker 3: looking for investments.

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Speaker 2: Okay, I get the idea.

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Speaker 3: Yeah, So Bison was still registered in New York, so

307
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Speaker 3: he added Bison Leasing Incorporated as a limited partnership in Texas.

308
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Speaker 3: And then he figured, you know what, John, why stop there?

309
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Speaker 3: So he set up Bison BLG. And I think it's

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Speaker 3: Bison Leasing Group, but yeah, he incorporated that in Delaware.

311
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Speaker 3: Then Bison Automotive Leasing Acceptance, and Bison.

312
00:14:07,240 --> 00:14:10,959
Speaker 2: Food Services Companies. Yeah, Bison Food.

313
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Speaker 3: Services leased cappuccino makers, hot dog machines, and other restaurant

314
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Speaker 3: equipment to convenience stores. Those are the like necessary businesses

315
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Speaker 3: we don't think of.

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Speaker 2: I guess are they necessary?

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Speaker 3: By late nineteen ninety four, he had negotiated this partnership

318
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Speaker 3: with Lenco Holdings Limited. Lenco was a publicly traded South

319
00:14:35,040 --> 00:14:43,720
Speaker 3: African company that specialized in manufacturing aluminum cookware and cutlery. Okay, yeah, Lenco,

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Speaker 3: they wanted to expand into the US market. Naturally, an

321
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Speaker 3: executive there named Gerald Groot. Groot did a bunch of

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Speaker 3: market research to figure out, like how do we gain

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Speaker 3: traction in the US.

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Speaker 2: Sure, And it was in that.

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Speaker 3: Research that he stumbled onto John Spano and his empire

326
00:15:00,760 --> 00:15:05,360
Speaker 3: and connections. And so Spano he's like stoked that Groot

327
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Speaker 3: has reached out.

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Speaker 2: Oh, feign this is his chance.

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Speaker 3: Yeah, because Lenko is huge, ripe with lucrative contracts.

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Speaker 2: So Lenko they don't know any better, which is the best.

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Speaker 3: Part, exactly exactly Lenko Holdings, they opened negotiations. Spano told

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Speaker 3: them that he was worth somewhere in the neighborhood of

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00:15:24,080 --> 00:15:27,800
Speaker 3: like one hundred and fifty millions, and it would it

334
00:15:27,840 --> 00:15:30,400
Speaker 3: should come as no shock that that was not true. No,

335
00:15:30,800 --> 00:15:34,040
Speaker 3: his net worth was like maybe somewhere between three to

336
00:15:34,120 --> 00:15:38,040
Speaker 3: five million, probably far less because the five million was

337
00:15:38,280 --> 00:15:41,480
Speaker 3: like estimated later on when he was in full swing,

338
00:15:41,680 --> 00:15:45,240
Speaker 3: like a couple of years down the road assets right,

339
00:15:45,320 --> 00:15:47,200
Speaker 3: and it's not and so he it's not just him

340
00:15:47,200 --> 00:15:50,560
Speaker 3: and this company. Shelby's in on the company too. So

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00:15:50,600 --> 00:15:53,440
Speaker 3: she she went with her husband to South Africa to

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Speaker 3: meet with Lenko officials and like cut deals. And then

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00:15:57,200 --> 00:15:58,960
Speaker 3: she was the one who was like reaching out to

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00:15:59,040 --> 00:16:02,600
Speaker 3: high end retailer on behalf of Lenco to get them

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00:16:02,640 --> 00:16:04,720
Speaker 3: into stores places like Nordstrom.

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Speaker 2: You know what they say, behind every successful grifter, you

347
00:16:07,760 --> 00:16:08,680
Speaker 2: can find their.

348
00:16:08,600 --> 00:16:13,240
Speaker 3: White drifter exactly. So she's she's calling up Nordstrom's right

349
00:16:13,800 --> 00:16:16,840
Speaker 3: department store. And they used to be more posh than

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Speaker 3: they are today.

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Speaker 2: Yeah, am I wrong? No, No, not at all. That

352
00:16:19,960 --> 00:16:21,920
Speaker 2: was totally the deal on the West.

353
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Speaker 3: I think more of the department stores just in general

354
00:16:24,400 --> 00:16:25,520
Speaker 3: used to be more posh.

355
00:16:25,600 --> 00:16:28,440
Speaker 2: Yeah, they can till the private equity got involved. They

356
00:16:28,480 --> 00:16:31,960
Speaker 2: actually had good product, mind, they had had buyers, they

357
00:16:31,960 --> 00:16:34,480
Speaker 2: had people were going out checking the fashion world and

358
00:16:34,480 --> 00:16:36,280
Speaker 2: coming back with good stuff. They had specialties.

359
00:16:36,400 --> 00:16:40,280
Speaker 3: Yeah, they don't do that anymore. So anyway, Lenko, that

360
00:16:40,440 --> 00:16:44,320
Speaker 3: deal opened doors. And so remember how Spano loved hockey

361
00:16:44,400 --> 00:16:45,040
Speaker 3: in this youth.

362
00:16:46,000 --> 00:16:47,920
Speaker 2: Sure, yeah, Mario Lemo.

363
00:16:47,800 --> 00:16:51,360
Speaker 3: Right, he still loved hockey, of course, and he wanted

364
00:16:51,480 --> 00:16:54,200
Speaker 3: in on the action, just not on the ice. In

365
00:16:54,320 --> 00:16:55,400
Speaker 3: nineteen ninety five.

366
00:16:55,320 --> 00:16:56,160
Speaker 2: What's the other act?

367
00:16:56,400 --> 00:16:59,200
Speaker 3: He and a group of investors made a bid to

368
00:16:59,240 --> 00:17:03,280
Speaker 3: buy fifty percent of NHL's Dallas Stars team.

369
00:17:03,480 --> 00:17:04,600
Speaker 2: Okay, yeah, Minnesota.

370
00:17:04,720 --> 00:17:07,120
Speaker 3: So he's like, I can't get on the ice. It's

371
00:17:07,200 --> 00:17:08,919
Speaker 3: just not in the cards for me. But you know what,

372
00:17:09,000 --> 00:17:13,120
Speaker 3: I can own the ice. Let's do it. He wants

373
00:17:13,160 --> 00:17:15,920
Speaker 3: to fill. My name is Philip the Tub, and I'm

374
00:17:15,960 --> 00:17:20,119
Speaker 3: here to own the ice. Nineteen sixty seven, there was

375
00:17:20,240 --> 00:17:24,320
Speaker 3: an NHL expansion, and so the league created the Minnesota

376
00:17:24,480 --> 00:17:28,639
Speaker 3: north Stars, and then in seventy eight they absorbed the

377
00:17:28,680 --> 00:17:32,399
Speaker 3: Cleveland Barons and then both teams they're like struggling, so

378
00:17:32,440 --> 00:17:35,960
Speaker 3: they consolidate, you know, keep them alive. Ninety three, the

379
00:17:35,960 --> 00:17:38,120
Speaker 3: team moves to Dallas. Dallas Stars are born.

380
00:17:38,200 --> 00:17:40,240
Speaker 2: Yes, because I used to love the Minnesota north Stars.

381
00:17:40,240 --> 00:17:42,639
Speaker 2: Oh really I did, and then they became Dallas. I

382
00:17:42,640 --> 00:17:43,359
Speaker 2: was like, forget that.

383
00:17:43,640 --> 00:17:44,480
Speaker 3: Yeah, bye bye.

384
00:17:45,119 --> 00:17:45,840
Speaker 2: I was never here.

385
00:17:45,960 --> 00:17:48,800
Speaker 3: The move wasn't a smooth one. Yeah, And so the team,

386
00:17:48,880 --> 00:17:51,760
Speaker 3: they were coming off a Stanley Cup win. The owner,

387
00:17:51,840 --> 00:17:52,960
Speaker 3: Norman Green, was like.

388
00:17:52,920 --> 00:17:54,880
Speaker 2: A sleazy fellow, completely.

389
00:17:54,480 --> 00:17:58,280
Speaker 3: Known for inappropriate behavior with female staffers. Of course, apparently

390
00:17:58,320 --> 00:18:01,320
Speaker 3: he would shake women to make sure they were wearing bras.

391
00:18:01,560 --> 00:18:03,600
Speaker 2: Oh dear god, so horriful.

392
00:18:04,359 --> 00:18:07,520
Speaker 3: His wife was appalled. Yeah, I'm with her, and somehow

393
00:18:07,600 --> 00:18:11,040
Speaker 3: blamed Minnesota, the state, and she told him if if

394
00:18:11,080 --> 00:18:14,600
Speaker 3: you don't move the team, I'm leaving you. Yeah, this

395
00:18:14,680 --> 00:18:17,200
Speaker 3: Minnesota is making you shake, ladies.

396
00:18:17,280 --> 00:18:19,720
Speaker 2: This Minnesota nice I've heard about? Is that? What this is?

397
00:18:19,880 --> 00:18:21,320
Speaker 2: So so Green?

398
00:18:21,440 --> 00:18:24,760
Speaker 3: He's like a developer, a telecom executive. His ventures weren't

399
00:18:24,800 --> 00:18:26,919
Speaker 3: doing so well, so he had to free up some cash,

400
00:18:27,359 --> 00:18:29,600
Speaker 3: so he put up a fifty percent stake in the team.

401
00:18:29,880 --> 00:18:32,560
Speaker 3: You know, up on the market entered John Spano. He

402
00:18:32,600 --> 00:18:35,280
Speaker 3: and his group of investors. They expressed their interest and

403
00:18:35,440 --> 00:18:40,399
Speaker 3: entered into negotiations. The thing is Spano didn't have the cash,

404
00:18:40,720 --> 00:18:43,920
Speaker 3: so he stalled and he made like these outrageous demands

405
00:18:44,000 --> 00:18:46,679
Speaker 3: of Green. He hired a law firm to run like

406
00:18:46,760 --> 00:18:49,800
Speaker 3: background research on the team. I guess he wanted like

407
00:18:49,840 --> 00:18:52,920
Speaker 3: an objective look at the finances. So the law firm,

408
00:18:53,080 --> 00:18:55,040
Speaker 3: you know, like, they get the report done, they're ready

409
00:18:55,119 --> 00:18:57,280
Speaker 3: to settle up for their works. Spano's like, I'm not

410
00:18:57,320 --> 00:18:59,919
Speaker 3: paying you the law firm. He said their work was

411
00:19:00,080 --> 00:19:02,520
Speaker 3: quote shoddy and that they were trying to fleece him

412
00:19:02,520 --> 00:19:06,280
Speaker 3: with ridiculous charges. It's a classic business con man move,

413
00:19:06,920 --> 00:19:09,760
Speaker 3: like you engage smaller businesses for services and then you

414
00:19:09,840 --> 00:19:12,840
Speaker 3: don't pay, and then the con man bullies the businesses,

415
00:19:13,640 --> 00:19:16,080
Speaker 3: makes up all sorts of excuses, and it's cheaper for

416
00:19:16,119 --> 00:19:18,159
Speaker 3: the business to walk away and not get paid than

417
00:19:18,200 --> 00:19:20,560
Speaker 3: to try and sue and get the money. We see

418
00:19:20,560 --> 00:19:23,520
Speaker 3: that a lot, like sometimes in casino construction.

419
00:19:23,800 --> 00:19:24,520
Speaker 2: I've heard about that.

420
00:19:24,600 --> 00:19:28,080
Speaker 3: Yes, so the top brass at the Stars they saw

421
00:19:28,240 --> 00:19:33,600
Speaker 3: warning signs with Spano, but they ignored them. Like, for instance,

422
00:19:33,640 --> 00:19:35,960
Speaker 3: he invited them to a cocktail party at his house,

423
00:19:36,000 --> 00:19:39,399
Speaker 3: and he like, all these investors in sports grates are

424
00:19:39,440 --> 00:19:41,919
Speaker 3: going to be there. It's a schmooz fest. He'd been

425
00:19:42,000 --> 00:19:44,719
Speaker 3: bragging about how he paid two and a half million

426
00:19:44,760 --> 00:19:48,320
Speaker 3: dollars for this palatial home. So the Stars guys get there.

427
00:19:48,680 --> 00:19:51,640
Speaker 3: The place is huge, but it's also empty, like there's

428
00:19:51,800 --> 00:19:55,040
Speaker 3: hardly any furniture, no decorations. So here's a guy who's

429
00:19:55,040 --> 00:19:59,360
Speaker 3: worth one hundred million dollars and he was, as Jim

430
00:19:59,480 --> 00:20:03,920
Speaker 3: Lights and Stars president said quote, rattling around some empty mansion.

431
00:20:04,640 --> 00:20:08,440
Speaker 3: So it shouldn't be surprising his bid for the Stars

432
00:20:08,440 --> 00:20:12,600
Speaker 3: fell apart. He stalled too much. Green sold the steak

433
00:20:12,800 --> 00:20:16,200
Speaker 3: in the team to Tom Hicks, an actual billionaire smart

434
00:20:16,240 --> 00:20:18,480
Speaker 3: and the Stars purchase was just the beginning for Hicks.

435
00:20:18,480 --> 00:20:21,000
Speaker 3: He went on to buy the whole Texas Rangers franchise.

436
00:20:21,640 --> 00:20:24,639
Speaker 3: Then he and a buddy bought Liverpool FC. Oh wow,

437
00:20:25,160 --> 00:20:27,680
Speaker 3: Like this guy's an actual big dog, not someone trying

438
00:20:27,680 --> 00:20:30,760
Speaker 3: to get like South African pots and pans into Nordstrom

439
00:20:31,040 --> 00:20:35,000
Speaker 3: while sleeping on a recliner. Right, so let's take a break.

440
00:20:35,280 --> 00:20:37,920
Speaker 3: I want to hear some ads. Ads we had nothing

441
00:20:37,960 --> 00:20:41,119
Speaker 3: to do with selecting. And you may hear about a

442
00:20:41,119 --> 00:20:44,000
Speaker 3: product or service that you think you'll like. And maybe

443
00:20:44,080 --> 00:20:46,320
Speaker 3: some of the ads just don't float your boat, but

444
00:20:46,680 --> 00:20:49,600
Speaker 3: they keep us in everyone's ears. It's important to remember

445
00:20:49,720 --> 00:20:50,600
Speaker 3: free back in a.

446
00:20:50,560 --> 00:21:14,840
Speaker 7: Flash Zarin, Oh hey, wake up, dream to take a

447
00:21:14,840 --> 00:21:21,160
Speaker 7: good John Spano junior businessman, hockey fan right now.

448
00:21:21,520 --> 00:21:25,119
Speaker 3: The known extent of his grift is misrepresenting his worth

449
00:21:25,160 --> 00:21:28,800
Speaker 3: to a South African cookwear company and trying to buy

450
00:21:28,800 --> 00:21:31,000
Speaker 3: a hockey team without having the money to do so.

451
00:21:31,680 --> 00:21:35,560
Speaker 3: Stall tactics. It didn't pan out frohim, you know, buying

452
00:21:35,600 --> 00:21:37,520
Speaker 3: a hockey team, but he was undeterred.

453
00:21:37,800 --> 00:21:39,359
Speaker 2: Now him in.

454
00:21:39,359 --> 00:21:43,000
Speaker 3: Early nineteen ninety six, he made another attempt to get

455
00:21:43,040 --> 00:21:44,080
Speaker 3: himself a hockey team.

456
00:21:44,600 --> 00:21:44,959
Speaker 8: Wow.

457
00:21:45,040 --> 00:21:49,760
Speaker 3: Yeah, he now had his sights set on NHL's Florida

458
00:21:49,880 --> 00:21:54,040
Speaker 3: Panthers ranchise. Yeah, he's all puffed up and like ready

459
00:21:54,080 --> 00:21:56,679
Speaker 3: to put in a bid and likely we'll try to

460
00:21:56,720 --> 00:21:59,560
Speaker 3: stall things while he worked on like smoking mirrors to

461
00:21:59,560 --> 00:22:00,399
Speaker 3: get some money.

462
00:22:00,400 --> 00:22:02,040
Speaker 2: Where do you think he can get this money from

463
00:22:02,200 --> 00:22:04,120
Speaker 2: a credit line another South Africa?

464
00:22:04,520 --> 00:22:07,000
Speaker 3: It's like shuffling credit lines, I think. But so then

465
00:22:07,040 --> 00:22:08,920
Speaker 3: the owner decided he didn't want to sell the team

466
00:22:08,960 --> 00:22:12,200
Speaker 3: after all. So some good did come out of that

467
00:22:12,280 --> 00:22:15,080
Speaker 3: though for Spano, because he didn't have a chance to

468
00:22:15,160 --> 00:22:18,280
Speaker 3: like embarrass himself like he did with the Dallas Stars.

469
00:22:18,680 --> 00:22:21,800
Speaker 3: People started looking at him as a legit possible team owner.

470
00:22:22,000 --> 00:22:24,600
Speaker 3: Oh god, and he seemed to be like the real

471
00:22:24,640 --> 00:22:27,080
Speaker 3: deal and with someone who didn't have a team simply

472
00:22:27,080 --> 00:22:31,320
Speaker 3: because the whims of the Florida Panthers owner. So this

473
00:22:31,480 --> 00:22:35,720
Speaker 3: was cemented when the then commissioner of NHL, Gary Bettman,

474
00:22:35,920 --> 00:22:39,399
Speaker 3: described Spano as quote the type of guy we want

475
00:22:39,440 --> 00:22:40,080
Speaker 3: as an owner.

476
00:22:40,920 --> 00:22:44,040
Speaker 2: Sarah, you don't deserve the job. You have that kind

477
00:22:44,080 --> 00:22:45,080
Speaker 2: of discretion.

478
00:22:45,080 --> 00:22:46,760
Speaker 3: And this is coming from on high.

479
00:22:46,880 --> 00:22:47,680
Speaker 2: Yeah, exactly.

480
00:22:47,840 --> 00:22:50,720
Speaker 3: All the money. Folks are on alert that like Spano's

481
00:22:50,720 --> 00:22:51,080
Speaker 3: a goer.

482
00:22:51,560 --> 00:22:53,639
Speaker 2: It was it soun.

483
00:22:53,720 --> 00:22:59,000
Speaker 3: He decides to buy his time. He decides to bide

484
00:22:59,040 --> 00:23:01,919
Speaker 3: his time, so because you know, in the meantime he

485
00:23:01,960 --> 00:23:05,560
Speaker 3: has scamming to do's Eric, there's Lenco and the nord

486
00:23:05,560 --> 00:23:06,200
Speaker 3: Strums deals.

487
00:23:06,240 --> 00:23:08,119
Speaker 2: Scams aren't going to scam themselves, Elizabeth.

488
00:23:08,520 --> 00:23:12,040
Speaker 3: He needs cash to bolster his dreams of NHL team

489
00:23:12,119 --> 00:23:15,240
Speaker 3: ownership and then just cash for like day to day,

490
00:23:15,440 --> 00:23:18,680
Speaker 3: so he gets crafty. In October of nineteen ninety six,

491
00:23:18,760 --> 00:23:23,200
Speaker 3: he submitted some purchase orders on behalf of Nordstrom two

492
00:23:23,440 --> 00:23:27,760
Speaker 3: million dollars worth of pots and pans stat.

493
00:23:27,600 --> 00:23:28,960
Speaker 2: On behalf of nord st Yeah.

494
00:23:29,040 --> 00:23:32,399
Speaker 3: He's like, hey, Nordstrum's here, and I love how I

495
00:23:32,440 --> 00:23:35,840
Speaker 3: make it possessive all the time, Nordstrums, but it's just strum.

496
00:23:35,960 --> 00:23:37,280
Speaker 2: Yeah it doesn't sound right.

497
00:23:37,160 --> 00:23:40,240
Speaker 3: No, it doesn't just like J C. Penny j C. Pennies.

498
00:23:40,359 --> 00:23:42,920
Speaker 2: Yeah, some things need to be pluralized. Yeah, and Black

499
00:23:42,960 --> 00:23:44,159
Speaker 2: America agrees with me on that.

500
00:23:44,359 --> 00:23:47,439
Speaker 3: Yeah, and I agree with you. So anyway, he's like,

501
00:23:47,520 --> 00:23:50,680
Speaker 3: nord Strum's here, Yeah, two million in pots and pans.

502
00:23:50,840 --> 00:23:53,360
Speaker 3: I love them, I need them. So Lenko, they get

503
00:23:53,359 --> 00:23:55,119
Speaker 3: the order and they're like, all right, get to work.

504
00:23:55,400 --> 00:23:58,119
Speaker 3: They ship the goods off, they wait for payment. Here's

505
00:23:58,119 --> 00:24:02,160
Speaker 3: the thing though, at this Pointstrom didn't sell pots and pans,

506
00:24:03,359 --> 00:24:06,000
Speaker 3: and so like Shelby had been working on that, right

507
00:24:06,040 --> 00:24:10,000
Speaker 3: missus nobody no, but like she hadn't made headway. And

508
00:24:10,040 --> 00:24:13,320
Speaker 3: that order the product code on it was for Ladies coats.

509
00:24:14,000 --> 00:24:17,880
Speaker 3: So now Spano's sitting on two mill worth of pots.

510
00:24:17,520 --> 00:24:19,479
Speaker 2: And pans that he also can't pay for.

511
00:24:19,800 --> 00:24:23,040
Speaker 3: Right, so his idea was to borrow against these for

512
00:24:23,119 --> 00:24:24,080
Speaker 3: a million dollars.

513
00:24:24,560 --> 00:24:24,919
Speaker 2: Huh.

514
00:24:24,920 --> 00:24:27,359
Speaker 3: So he approaches Co America Bank.

515
00:24:27,520 --> 00:24:29,879
Speaker 2: Can they agree? America Bank say yes.

516
00:24:29,920 --> 00:24:31,960
Speaker 3: They're like, oh, you got two million dollars of pots

517
00:24:31,960 --> 00:24:34,360
Speaker 3: and pans up in there, y'all? All right, I'll put

518
00:24:34,400 --> 00:24:35,080
Speaker 3: a million on it.

519
00:24:35,160 --> 00:24:36,399
Speaker 2: I will never understand finance.

520
00:24:36,560 --> 00:24:40,840
Speaker 3: No, Nordstrom, Lenko, they have no idea any of this

521
00:24:40,920 --> 00:24:44,240
Speaker 3: is going down. So now back to hockey. He made

522
00:24:44,320 --> 00:24:47,640
Speaker 3: his third bid for team ownership at this point October

523
00:24:47,680 --> 00:24:50,840
Speaker 3: of nineteen ninety six. He worked his magic and actually

524
00:24:51,000 --> 00:24:54,360
Speaker 3: entered into an agreement to buy the New York Islanders

525
00:24:54,640 --> 00:24:57,560
Speaker 3: Oh Wow, and their cable rights from then owner John

526
00:24:57,640 --> 00:25:00,560
Speaker 3: Pickett for about one hundred and sixty five million dollars.

527
00:25:00,720 --> 00:25:03,960
Speaker 2: This is like the lesser New York franchise in hockey.

528
00:25:04,040 --> 00:25:05,680
Speaker 2: This would be like buying the Jets in football.

529
00:25:05,800 --> 00:25:09,280
Speaker 3: Yes, sure, if you say something put in I'm guessing

530
00:25:09,480 --> 00:25:12,280
Speaker 3: I don't know. So how how did he manage that?

531
00:25:12,359 --> 00:25:12,479
Speaker 4: How?

532
00:25:12,560 --> 00:25:13,119
Speaker 2: Elizabeth?

533
00:25:13,280 --> 00:25:15,680
Speaker 3: He did he make a trade for the pots and pans?

534
00:25:15,960 --> 00:25:18,679
Speaker 2: Oh? Maybe like stone soup, he just keeps trading up.

535
00:25:18,800 --> 00:25:23,240
Speaker 3: No, Zaron, don't, don't be foolish. He convinced Fleet Bank

536
00:25:23,960 --> 00:25:26,639
Speaker 3: to okay an eighty million dollar loud.

537
00:25:26,400 --> 00:25:29,439
Speaker 2: Okay, so like the Philadelphia Base Bank to be like hey, well,

538
00:25:29,440 --> 00:25:30,320
Speaker 2: because this is what he did.

539
00:25:30,440 --> 00:25:33,040
Speaker 3: First, he told the bank that he had a net

540
00:25:33,080 --> 00:25:37,000
Speaker 3: worth of about two hundred and thirty million dollars. And

541
00:25:37,040 --> 00:25:39,080
Speaker 3: I don't understand when they do this, when the bank

542
00:25:39,119 --> 00:25:42,000
Speaker 3: isn't like, well then you use that money? Yeah anyway?

543
00:25:42,200 --> 00:25:45,600
Speaker 2: Or like what's that name again? Let me check? Don't

544
00:25:45,600 --> 00:25:48,520
Speaker 2: they have like the equivalent of Lexus nexus but for banking.

545
00:25:48,760 --> 00:25:51,760
Speaker 3: So then he busted out the oldest con artist line

546
00:25:51,760 --> 00:25:55,320
Speaker 3: in the book. He told the bank that a relative

547
00:25:55,400 --> 00:25:58,280
Speaker 3: of his had established a one hundred and seven million

548
00:25:58,320 --> 00:26:01,680
Speaker 3: dollar trust on his behalf and he'd have access to it.

549
00:26:01,640 --> 00:26:04,480
Speaker 2: Soon, really soon on my birthday.

550
00:26:05,400 --> 00:26:09,000
Speaker 3: People always full for that one. That's crazy. So the

551
00:26:09,080 --> 00:26:12,919
Speaker 3: official closing on the deal was coming up quick. April seventh,

552
00:26:13,040 --> 00:26:15,240
Speaker 3: nineteen ninety seven. That was supposed to be the big day.

553
00:26:15,680 --> 00:26:17,600
Speaker 3: That's when he's going to hand over a check for

554
00:26:18,000 --> 00:26:20,520
Speaker 3: one hundred and sixty eight million dollars to John.

555
00:26:20,320 --> 00:26:23,120
Speaker 2: Pickett, like one of those really big comically oversized chess.

556
00:26:23,240 --> 00:26:26,320
Speaker 3: Yes, yes, well actually he's supposed to have. I guess

557
00:26:26,320 --> 00:26:29,919
Speaker 3: he's putting like a down payment, sure, an overly you know,

558
00:26:30,240 --> 00:26:35,960
Speaker 3: a comically oversized down payment, sixteen million. So April seventh comes,

559
00:26:36,000 --> 00:26:39,400
Speaker 3: there's no check, Like, hey, Spano, what gives? He had

560
00:26:39,440 --> 00:26:41,639
Speaker 3: all manner of excuses. So at first he's like, well,

561
00:26:41,640 --> 00:26:43,639
Speaker 3: actually there was a fire at the office that was

562
00:26:43,680 --> 00:26:46,760
Speaker 3: supposed to send out the funds, and there's actually no

563
00:26:46,880 --> 00:26:49,639
Speaker 3: okay because like the money is coming from London and

564
00:26:49,720 --> 00:26:52,160
Speaker 3: there was like an IRA bomb threat that shut down

565
00:26:52,160 --> 00:26:55,320
Speaker 3: the London Underground and closed the office that was supposed

566
00:26:55,359 --> 00:26:55,920
Speaker 3: to send the money.

567
00:26:55,960 --> 00:26:58,480
Speaker 2: Courier got trapped and then now their printers out sh

568
00:26:58,680 --> 00:26:59,440
Speaker 2: you blame.

569
00:26:59,200 --> 00:27:02,200
Speaker 3: The IRA, right, So this is this is a year

570
00:27:02,280 --> 00:27:04,840
Speaker 3: before the Good Friday agreement, So that kind of you know,

571
00:27:04,920 --> 00:27:09,000
Speaker 3: excuses still makes sense. I guess okay, So now send

572
00:27:09,000 --> 00:27:11,639
Speaker 3: the check. He's like, well, there's a problem. See it

573
00:27:11,720 --> 00:27:14,040
Speaker 3: seems that there was a decimal point error and the

574
00:27:14,080 --> 00:27:17,520
Speaker 3: payment was processed is five thousand dollars instead of five million.

575
00:27:17,960 --> 00:27:19,000
Speaker 2: That's a big DECIMALO.

576
00:27:19,560 --> 00:27:21,600
Speaker 3: He's like, okay, I got a check and then oh

577
00:27:21,800 --> 00:27:25,000
Speaker 3: it bounced. Okay, that's so weird. How about if I

578
00:27:25,040 --> 00:27:28,040
Speaker 3: get you a transfer of seventeen million dollars with that work.

579
00:27:28,040 --> 00:27:29,000
Speaker 3: They're like, yeah, that's great.

580
00:27:29,040 --> 00:27:30,160
Speaker 2: Yeh, wire transfers are great.

581
00:27:30,240 --> 00:27:32,000
Speaker 3: You're like, hold on the transfer. What do you mean

582
00:27:32,080 --> 00:27:35,560
Speaker 3: the transfer was only for seventeen hundred Oh those decimal points.

583
00:27:36,160 --> 00:27:40,280
Speaker 3: He's constantly doing the damn decimal points thing. It's becoming

584
00:27:40,320 --> 00:27:42,800
Speaker 3: a circus. And the same could be said about the

585
00:27:42,880 --> 00:27:45,920
Speaker 3: Lenco deal. So March of ninety seven, in the middle

586
00:27:45,960 --> 00:27:49,120
Speaker 3: of the Islanders negotiations and a month before payments due,

587
00:27:49,480 --> 00:27:52,080
Speaker 3: the Lenco folks are like, we'd like a word, please, Yes,

588
00:27:52,440 --> 00:27:55,439
Speaker 3: what's up with the north Stroms order? Why haven't they

589
00:27:55,480 --> 00:27:58,520
Speaker 3: paid up? And so Spano he's like, all right, calm down,

590
00:27:58,920 --> 00:28:00,920
Speaker 3: there's nothing to be word worried about. In fact, I

591
00:28:00,920 --> 00:28:02,920
Speaker 3: can get the money wired to you in an hour.

592
00:28:03,840 --> 00:28:05,639
Speaker 2: They just out of I don't know if you have

593
00:28:05,680 --> 00:28:07,919
Speaker 2: a little bit of anxiety. I don't have anxiety, but

594
00:28:08,080 --> 00:28:12,080
Speaker 2: like I can't deal with this level of lying nor so,

595
00:28:12,240 --> 00:28:14,680
Speaker 2: like I don't know how somebody gets up every day

596
00:28:14,720 --> 00:28:16,679
Speaker 2: and just things. I'll just keep lying these people. I mean,

597
00:28:16,680 --> 00:28:20,600
Speaker 2: it's like to me, it's like juggling chainsaws. I'm like,

598
00:28:20,640 --> 00:28:21,520
Speaker 2: why would you do that?

599
00:28:21,920 --> 00:28:24,320
Speaker 3: You say these things and knowing it's totally fault. Well,

600
00:28:24,359 --> 00:28:26,280
Speaker 3: he says, I can get you the money in an hour,

601
00:28:26,359 --> 00:28:27,560
Speaker 3: it can be to you in an hour.

602
00:28:27,720 --> 00:28:28,680
Speaker 2: I've known guys like that.

603
00:28:28,840 --> 00:28:33,120
Speaker 3: Never obviously the money doesn't materialize, there's no wire. How

604
00:28:33,119 --> 00:28:35,280
Speaker 3: can you do that? And then what's going to happen

605
00:28:35,320 --> 00:28:35,800
Speaker 3: in an hour?

606
00:28:35,840 --> 00:28:37,600
Speaker 2: And they away seem to think it's going to work out,

607
00:28:37,680 --> 00:28:39,960
Speaker 2: and it's going to work out. I mean, yeah, some

608
00:28:40,000 --> 00:28:42,760
Speaker 2: people don't argue, but I mean, like they just they

609
00:28:42,840 --> 00:28:44,720
Speaker 2: just lie in the dumbest.

610
00:28:44,240 --> 00:28:48,000
Speaker 3: Ways, unbelievable and the decimal point thing, Oh, that's a

611
00:28:48,040 --> 00:28:51,680
Speaker 3: mix up. So the money did eventually show up for Lenko, though.

612
00:28:52,080 --> 00:28:54,400
Speaker 3: On April eighteenth, they got a check for just over

613
00:28:54,520 --> 00:28:57,640
Speaker 3: one point six y three million, Okay, and it was

614
00:28:57,720 --> 00:29:01,080
Speaker 3: written out of Bison Leasing's Komor Emerica Bank account.

615
00:29:01,200 --> 00:29:01,760
Speaker 2: Okay.

616
00:29:01,960 --> 00:29:03,680
Speaker 3: Did I say the money showed up?

617
00:29:03,840 --> 00:29:04,080
Speaker 2: No?

618
00:29:04,160 --> 00:29:07,680
Speaker 3: No, I said the check I got that one bounced

619
00:29:07,720 --> 00:29:08,760
Speaker 3: ten days later.

620
00:29:08,720 --> 00:29:09,960
Speaker 2: Like like a super Bowl. Yes.

621
00:29:10,720 --> 00:29:14,120
Speaker 3: So Lenco's frustrated, right, and they're like, okay, you know what,

622
00:29:14,560 --> 00:29:17,080
Speaker 3: will take a payment plan with you?

623
00:29:17,360 --> 00:29:19,880
Speaker 2: Yeah, and he's like, sure, of course I could do that.

624
00:29:20,480 --> 00:29:23,760
Speaker 3: He couldn't do that. June of ninety seven, his installment

625
00:29:23,880 --> 00:29:26,800
Speaker 3: check bounced. He'sus writing rubber checks everywhere.

626
00:29:27,000 --> 00:29:29,440
Speaker 2: In early July, news Day.

627
00:29:29,360 --> 00:29:32,520
Speaker 3: Gets wind of this whole thing. Oh yeah, the magazine

628
00:29:32,680 --> 00:29:35,880
Speaker 3: got all these anonymous tips from Islanders executives.

629
00:29:35,920 --> 00:29:37,240
Speaker 2: I was just about to say, this is like a

630
00:29:37,360 --> 00:29:40,600
Speaker 2: whistleblower New York outlet to get this story. Oh yeah.

631
00:29:40,800 --> 00:29:43,320
Speaker 3: So they had like they figured out this new owner,

632
00:29:43,360 --> 00:29:46,640
Speaker 3: he's worth way less than he says he is. Reporters

633
00:29:46,680 --> 00:29:50,320
Speaker 3: pounce on it. On July ninth, they published an expos

634
00:29:50,560 --> 00:29:53,840
Speaker 3: about Spano. Yeah, they pointed out that he was like

635
00:29:53,960 --> 00:29:57,240
Speaker 3: completely lied about his net worth hundreds of millions, like

636
00:29:57,360 --> 00:30:02,160
Speaker 3: try five million. Was Bise Group a massive organization like

637
00:30:02,200 --> 00:30:03,600
Speaker 3: he pretended it was?

638
00:30:03,720 --> 00:30:03,800
Speaker 7: No?

639
00:30:04,240 --> 00:30:07,280
Speaker 3: Twenty two employees companies worth three million.

640
00:30:07,560 --> 00:30:09,640
Speaker 2: They operate out of a po box. Yeah.

641
00:30:09,680 --> 00:30:13,280
Speaker 3: Basically, the magazine reported that Spano lied on his resume.

642
00:30:13,400 --> 00:30:15,680
Speaker 3: They busted him on that whole high school.

643
00:30:15,640 --> 00:30:17,600
Speaker 2: The Saint John's thing. I knew they get.

644
00:30:17,480 --> 00:30:19,320
Speaker 3: On that, and the inheritance.

645
00:30:19,560 --> 00:30:24,480
Speaker 2: New York people love busting you about. Yes, yes, more

646
00:30:24,520 --> 00:30:25,240
Speaker 2: than in the West.

647
00:30:25,280 --> 00:30:30,240
Speaker 3: No, yeah, totally totally no inheritance they find, you know not.

648
00:30:31,680 --> 00:30:34,880
Speaker 3: Of course, so the Islanders deal is now like being

649
00:30:34,960 --> 00:30:38,360
Speaker 3: blown apart. There are threats of lawsuits for breach of

650
00:30:38,440 --> 00:30:40,880
Speaker 3: contracts swirling around Lenco's.

651
00:30:40,400 --> 00:30:45,240
Speaker 2: Like, excuse me over here. Yeah, they filed a.

652
00:30:45,240 --> 00:30:48,800
Speaker 3: Lawsuit over the nord Strom Pots and pans deal, and

653
00:30:48,800 --> 00:30:53,560
Speaker 3: then another Dallas company, Richmond Capital Partners, they filed a

654
00:30:53,600 --> 00:30:57,560
Speaker 3: civil lawsuit in Dallas against him. They too, were all

655
00:30:57,600 --> 00:31:02,080
Speaker 3: about breach of contract, fraud, negligent missrepresentation. They said that

656
00:31:02,120 --> 00:31:04,640
Speaker 3: Spano came to them in March of nineteen ninety seven

657
00:31:05,440 --> 00:31:09,440
Speaker 3: wanting a short term loan for a million dollars and

658
00:31:09,480 --> 00:31:13,520
Speaker 3: they gave it to him. Quote based upon representations of

659
00:31:13,560 --> 00:31:16,640
Speaker 3: Spano regarding his strong financial condition is.

660
00:31:16,600 --> 00:31:18,880
Speaker 2: That like bank talk, frilet, we liked the cut of

661
00:31:18,880 --> 00:31:19,320
Speaker 2: his jewel.

662
00:31:19,680 --> 00:31:22,400
Speaker 3: Basically, he swore to them that he could put up

663
00:31:22,440 --> 00:31:26,400
Speaker 3: a two million dollar certificate of deposit issued by Comerica

664
00:31:26,440 --> 00:31:30,560
Speaker 3: Bank as collateral. So he's just shuffling everything around. On

665
00:31:30,680 --> 00:31:34,200
Speaker 3: July eleventh, he was forced to surrender control of the

666
00:31:34,280 --> 00:31:37,000
Speaker 3: team after failing to uphold his end of the deal.

667
00:31:37,240 --> 00:31:39,080
Speaker 2: He just came along too early for Crypto.

668
00:31:39,240 --> 00:31:42,640
Speaker 3: He really did it, oh buddy, Yeah, And the thing

669
00:31:42,760 --> 00:31:45,520
Speaker 3: is he was actually running the team for a couple months,

670
00:31:46,040 --> 00:31:49,360
Speaker 3: like he owned it for a couple months. So he

671
00:31:50,240 --> 00:31:54,080
Speaker 3: in return for surrendering the team, pickt the owner who

672
00:31:54,120 --> 00:31:56,680
Speaker 3: sold it, was like, I won't sue you for breach

673
00:31:56,720 --> 00:32:00,560
Speaker 3: of contract. So during the three plus months that he

674
00:32:00,600 --> 00:32:03,480
Speaker 3: was in control of the team, he collected one hundred

675
00:32:03,480 --> 00:32:07,719
Speaker 3: and twenty thousand dollars in management fees three months and

676
00:32:07,840 --> 00:32:10,560
Speaker 3: spent two hundred and twenty thousand dollars of the team's

677
00:32:10,600 --> 00:32:11,960
Speaker 3: operating budget.

678
00:32:11,720 --> 00:32:14,840
Speaker 2: On what do we have? Just like I've always wanted

679
00:32:15,320 --> 00:32:16,920
Speaker 2: a wall to wall flooring.

680
00:32:17,040 --> 00:32:20,800
Speaker 3: On July seventeenth, federal authorities they charged him with bank

681
00:32:20,920 --> 00:32:21,680
Speaker 3: and wirefraud.

682
00:32:21,800 --> 00:32:24,640
Speaker 2: Maybe he was decorating as a empty mansion. Oh, I

683
00:32:24,640 --> 00:32:28,280
Speaker 2: think he's just using their money to buy art. Shag Rug.

684
00:32:28,520 --> 00:32:32,640
Speaker 3: He goes to brunners. So he the Feds are like, look,

685
00:32:32,720 --> 00:32:36,280
Speaker 3: you forged bank letters, you lied about your holdings, your

686
00:32:36,320 --> 00:32:39,120
Speaker 3: net worth, and your network, and then you just like

687
00:32:39,200 --> 00:32:42,600
Speaker 3: straight up cheated everybody you came into contact with pretty much.

688
00:32:42,760 --> 00:32:45,240
Speaker 3: July twenty first, the FEDS show up at his house

689
00:32:45,280 --> 00:32:49,120
Speaker 3: with an arrest warrant. Jokes on them. Spano had run

690
00:32:49,160 --> 00:32:51,160
Speaker 3: off to the Cayman Islands.

691
00:32:51,200 --> 00:32:53,480
Speaker 2: No extradition. Well he wasn't there long.

692
00:32:53,560 --> 00:32:56,720
Speaker 3: Like cooler heads prevailed and he surrendered and then he

693
00:32:56,760 --> 00:32:59,560
Speaker 3: got arraigned on July twenty third. His bail was set

694
00:32:59,560 --> 00:33:01,800
Speaker 3: at three month million dollars and they had this requirement

695
00:33:01,800 --> 00:33:04,320
Speaker 3: of like, if you want to make bailis half cash.

696
00:33:04,720 --> 00:33:07,000
Speaker 3: So in order to make that, he put up the

697
00:33:07,040 --> 00:33:09,560
Speaker 3: equity he had in his house, plus his mom's house

698
00:33:09,680 --> 00:33:10,760
Speaker 3: and his sister's house.

699
00:33:11,320 --> 00:33:12,160
Speaker 2: They still trust.

700
00:33:12,280 --> 00:33:15,600
Speaker 3: He still trusted him. So all of the investors and

701
00:33:15,680 --> 00:33:19,080
Speaker 3: the business tycoons that he's running around with, they were

702
00:33:19,080 --> 00:33:23,680
Speaker 3: trying to like put space between them Spano, but it

703
00:33:23,720 --> 00:33:25,960
Speaker 3: would come out in court like how deep of a

704
00:33:26,000 --> 00:33:31,240
Speaker 3: network he developed in like this fraud, you know, fantasy

705
00:33:31,280 --> 00:33:34,880
Speaker 3: of his and how many people he owed money he

706
00:33:35,160 --> 00:33:40,400
Speaker 3: betrayed investment bankers, other business owners, and even Mario Lemieux.

707
00:33:40,640 --> 00:33:45,760
Speaker 2: He's like a reverse Midas touch. Yeah, I'll turn everything

708
00:33:45,800 --> 00:33:50,800
Speaker 2: to Pewter. So how is he Mario Mario Lemieux.

709
00:33:51,360 --> 00:33:53,840
Speaker 3: He took his money. He did so under the guise

710
00:33:53,920 --> 00:33:56,200
Speaker 3: of it being for other businesses. He's like, you know,

711
00:33:56,240 --> 00:33:59,040
Speaker 3: I've got all. I've got pots, I've got pants, i

712
00:33:59,080 --> 00:34:05,160
Speaker 3: have cappuccino. Makers used the money to buy the Islanders

713
00:34:05,240 --> 00:34:11,440
Speaker 3: a rival team. What that's dirty. That's dirty. So he

714
00:34:12,120 --> 00:34:13,320
Speaker 3: falsified documents.

715
00:34:13,320 --> 00:34:15,000
Speaker 2: I don't know if i'd call them a rival team,

716
00:34:15,040 --> 00:34:18,239
Speaker 2: but it wasn't his team. Yeah, it's not the Penguin. Yeah,

717
00:34:18,440 --> 00:34:19,480
Speaker 2: he was on the Pittsburgh Penguin.

718
00:34:20,280 --> 00:34:24,800
Speaker 3: He falsified financial documents, he forged signatures, he faked letters,

719
00:34:25,239 --> 00:34:30,040
Speaker 3: and he even had like he had this whole universe

720
00:34:30,200 --> 00:34:34,239
Speaker 3: of false identities and shell companies. And he worked really

721
00:34:34,239 --> 00:34:37,239
Speaker 3: hard to create this facade and it only lasted him

722
00:34:37,239 --> 00:34:38,520
Speaker 3: a couple months of glory.

723
00:34:38,719 --> 00:34:40,520
Speaker 2: Oh my god, that's what I got, I guess as

724
00:34:40,560 --> 00:34:40,960
Speaker 2: an owner.

725
00:34:41,200 --> 00:34:44,840
Speaker 3: So he pleaded guilty to the charges in late nineteen

726
00:34:44,920 --> 00:34:48,879
Speaker 3: ninety seven and was still out on bail at that point.

727
00:34:48,920 --> 00:34:49,600
Speaker 2: Two years later.

728
00:34:49,719 --> 00:34:53,040
Speaker 3: Shelby files for divorce. They sold the Dallas house. He

729
00:34:53,080 --> 00:34:55,439
Speaker 3: moves into a luxury condo in Philadelphia.

730
00:34:55,760 --> 00:34:58,799
Speaker 2: Shelby had to have known, Oh, she had to there's

731
00:34:58,840 --> 00:35:00,000
Speaker 2: no innocence here. Yeah.

732
00:35:00,040 --> 00:35:03,000
Speaker 3: If she's talking to Nordstrom and they're like, we don't

733
00:35:03,040 --> 00:35:05,200
Speaker 3: sell pots and pans, and then like go ahead and

734
00:35:05,239 --> 00:35:05,920
Speaker 3: put the order in it.

735
00:35:06,000 --> 00:35:06,760
Speaker 2: Yeahs.

736
00:35:09,080 --> 00:35:12,040
Speaker 3: So he's in this luxury condo in Philly. Of course

737
00:35:12,040 --> 00:35:15,959
Speaker 3: he has no legitimate income. So he gets evicted because

738
00:35:16,000 --> 00:35:18,040
Speaker 3: it turns out you can't pay rent with a bad

739
00:35:18,080 --> 00:35:22,279
Speaker 3: credit card, bounced check, or failed wire transfers. All true

740
00:35:22,400 --> 00:35:25,520
Speaker 3: landlords don't like that. So the US attorney found out

741
00:35:25,520 --> 00:35:28,440
Speaker 3: about the eviction and then put in a petition to

742
00:35:28,440 --> 00:35:32,080
Speaker 3: have his bail revoked due to quote, continued criminal conduct,

743
00:35:32,840 --> 00:35:36,399
Speaker 3: and he summed up the filing with quote Unfortunately, he

744
00:35:36,480 --> 00:35:37,719
Speaker 3: could not stop.

745
00:35:37,480 --> 00:35:41,880
Speaker 2: Lying at statement irony.

746
00:35:42,200 --> 00:35:45,719
Speaker 3: So in January two thousand, Spano was sentenced to just

747
00:35:45,920 --> 00:35:48,799
Speaker 3: under six years in prison. He was also ordered to

748
00:35:48,840 --> 00:35:52,160
Speaker 3: pay almost twelve million dollars in restitution to all these

749
00:35:52,239 --> 00:35:55,160
Speaker 3: various banks and team owners and all the other people

750
00:35:55,160 --> 00:35:58,080
Speaker 3: who got caught up in the schemes. Let's take a break.

751
00:35:58,440 --> 00:36:01,440
Speaker 3: This feels like the end, but it most certainly is not.

752
00:36:01,800 --> 00:36:25,280
Speaker 8: Oh Saren Elizabeth.

753
00:36:25,480 --> 00:36:30,520
Speaker 3: Yes, John Spano, so, John Spano. Yeah, he's sentenced to

754
00:36:31,040 --> 00:36:34,200
Speaker 3: six years in prison in January of the year two thousand,

755
00:36:36,880 --> 00:36:40,600
Speaker 3: how was it? He got about a little early in

756
00:36:40,719 --> 00:36:43,759
Speaker 3: June of two thousand and four, and he moved back

757
00:36:43,800 --> 00:36:47,360
Speaker 3: to northeastern Ohio and he was supposed to be on

758
00:36:47,480 --> 00:36:50,800
Speaker 3: five years of supervised release, live it on the street

759
00:36:50,880 --> 00:36:54,360
Speaker 3: and narrow. But he just couldn't hold it. Couldn't hold it.

760
00:36:54,600 --> 00:36:57,720
Speaker 2: At least he didn't like waste his sister and mother's house.

761
00:36:57,760 --> 00:36:58,960
Speaker 2: I was really worried.

762
00:36:59,320 --> 00:37:01,799
Speaker 3: Yeah, I know, he didn't come, but he did. He

763
00:37:01,880 --> 00:37:05,000
Speaker 3: They revoked bail. Yeah, so, but I don't know if

764
00:37:05,040 --> 00:37:07,760
Speaker 3: they got that back. Who knows. February of two thousand

765
00:37:07,800 --> 00:37:11,279
Speaker 3: and five, he got busted for what now. The US

766
00:37:11,440 --> 00:37:14,480
Speaker 3: Postal Service came after him, which is that's bad business,

767
00:37:14,480 --> 00:37:15,600
Speaker 3: that's feral charges.

768
00:37:15,800 --> 00:37:18,320
Speaker 2: Also they make the charge count crazy.

769
00:37:18,440 --> 00:37:21,280
Speaker 3: Oh yeah, So he got accused of failing to complete

770
00:37:21,360 --> 00:37:26,000
Speaker 3: lease deals and using bad checks for purchases involving clients

771
00:37:26,000 --> 00:37:31,560
Speaker 3: in Tennessee, Florida, Mississippi, and Wisconsin, across mail fraud across

772
00:37:31,560 --> 00:37:34,720
Speaker 3: state lines. Seems he bounced a check for one hundred

773
00:37:34,719 --> 00:37:37,240
Speaker 3: and seventeen thousand dollars to buy some equipment.

774
00:37:37,480 --> 00:37:40,239
Speaker 2: You ever written a check for that much all the time?

775
00:37:40,920 --> 00:37:42,799
Speaker 3: And they're just and I just shred them.

776
00:37:42,880 --> 00:37:45,600
Speaker 2: I wouldn't think someone would take a check from Absolutely,

777
00:37:46,000 --> 00:37:47,799
Speaker 2: we're going to keep putting numbers on here?

778
00:37:48,200 --> 00:37:53,080
Speaker 3: Are you kidding me? He leased the equipment out, Okay,

779
00:37:53,080 --> 00:37:55,200
Speaker 3: so he bounces a check for the equipment. Then he

780
00:37:55,360 --> 00:37:56,920
Speaker 3: least said equipment out.

781
00:37:57,200 --> 00:38:00,200
Speaker 2: So he's back to his original scam of inking.

782
00:38:00,200 --> 00:38:04,600
Speaker 3: Thousands in rental agreements. So to make this whole deal

783
00:38:04,680 --> 00:38:08,680
Speaker 3: and the vibe seem believable, he rented jets and told

784
00:38:08,719 --> 00:38:10,640
Speaker 3: both sides that he owned them, Like, hey, what a

785
00:38:10,680 --> 00:38:13,160
Speaker 3: broke guy owned jets? I don't think so like that.

786
00:38:13,400 --> 00:38:17,319
Speaker 3: This is some things, so what do you know? He

787
00:38:17,400 --> 00:38:20,760
Speaker 3: was convicted sentenced to fifty one months in federal prison

788
00:38:20,840 --> 00:38:24,319
Speaker 3: in January two thousand and six. Six months later they

789
00:38:24,480 --> 00:38:28,520
Speaker 3: tack on another six months for violating the conditions of

790
00:38:28,560 --> 00:38:32,160
Speaker 3: his release in the Islanders case over the fraud conviction

791
00:38:32,200 --> 00:38:35,600
Speaker 3: of Cleveland. Okay, so back in the clink you go, Spano,

792
00:38:35,960 --> 00:38:38,719
Speaker 3: But he wasn't in there forever. He was released, and

793
00:38:38,760 --> 00:38:42,000
Speaker 3: in twenty eleven he got hired as a driver for

794
00:38:42,040 --> 00:38:47,840
Speaker 3: a company called Image First Healthcare Laundry Specialists. Wow, yeah,

795
00:38:47,880 --> 00:38:49,840
Speaker 3: he's a con man, saren No.

796
00:38:50,120 --> 00:38:51,600
Speaker 2: He knows image.

797
00:38:51,600 --> 00:38:54,440
Speaker 3: He knows how to wow people. So it's not shocking

798
00:38:54,480 --> 00:38:57,680
Speaker 3: that he impressed the owners and was quickly promoted to

799
00:38:57,760 --> 00:39:00,440
Speaker 3: a sales position. It's not just a driver now he's

800
00:39:00,440 --> 00:39:04,160
Speaker 3: a salesman. It's like giving an arsonist a cute book

801
00:39:04,160 --> 00:39:07,960
Speaker 3: of matches for their birthday. So like one season sales.

802
00:39:08,000 --> 00:39:11,239
Speaker 3: He started creating false invoices for services that were never

803
00:39:11,400 --> 00:39:15,360
Speaker 3: ordered or delivered, just like with nord Strums, just like Nordies.

804
00:39:15,960 --> 00:39:19,760
Speaker 3: But there were other things brewing. One of those was Twitter.

805
00:39:21,040 --> 00:39:21,920
Speaker 2: Oh yeah.

806
00:39:21,960 --> 00:39:26,600
Speaker 3: In twenty twelve he joined Twitter, and hockey fans, especially

807
00:39:26,719 --> 00:39:32,080
Speaker 3: chaotic ones, loved it. They were so excited. One Islanders

808
00:39:32,120 --> 00:39:35,880
Speaker 3: fan in particular, Eric Kipperwasser, he was stoked to be

809
00:39:35,920 --> 00:39:38,640
Speaker 3: able to reach out to the businessman turned felon.

810
00:39:38,840 --> 00:39:40,279
Speaker 2: Oh they love specifically him.

811
00:39:40,440 --> 00:39:44,280
Speaker 3: He was talking to the people are like John Spanno's

812
00:39:44,320 --> 00:39:46,680
Speaker 3: on Twitter. Oh hell yeah yeah, and so like this guy.

813
00:39:46,800 --> 00:39:48,879
Speaker 3: Like briefly he spent three months as.

814
00:39:48,920 --> 00:39:51,719
Speaker 2: Own a team owner, a flagrant.

815
00:39:51,400 --> 00:39:54,040
Speaker 3: Let's do it so as a goof this Eric. He

816
00:39:54,200 --> 00:39:58,360
Speaker 3: invited Spano to the twenty twelve, twenty thirteen season opener

817
00:39:59,080 --> 00:40:01,560
Speaker 3: for the Islanders, and it was like a shortened season

818
00:40:01,640 --> 00:40:06,440
Speaker 3: thanks to the NHL lockout labor dispute, and Spano he

819
00:40:06,440 --> 00:40:09,759
Speaker 3: gets this DM or whatever, and he's like nervous about it,

820
00:40:09,800 --> 00:40:11,239
Speaker 3: but he accepted the invitation.

821
00:40:11,800 --> 00:40:17,040
Speaker 2: Of course, it's act Haron, close you out. Oh yeah, I.

822
00:40:16,960 --> 00:40:25,280
Speaker 3: Want you to picture it. It's January nineteenth, twenty thirteen.

823
00:40:25,840 --> 00:40:29,560
Speaker 3: You are a die hard New York Islanders fan. You

824
00:40:29,600 --> 00:40:33,359
Speaker 3: hold season tickets. You love this team. The season has

825
00:40:33,400 --> 00:40:35,920
Speaker 3: been on hold due to the lockout, but that has

826
00:40:36,040 --> 00:40:39,359
Speaker 3: finally been resolved, and here you are at opening night.

827
00:40:39,800 --> 00:40:43,200
Speaker 3: The air is electric. People file in to take their

828
00:40:43,239 --> 00:40:45,399
Speaker 3: seats to watch the home team take on the New

829
00:40:45,480 --> 00:40:49,600
Speaker 3: Jersey Devils. This is your happy place. You're home away

830
00:40:49,600 --> 00:40:55,680
Speaker 3: from home, the Nassau Veterans Memorial Coliseum in Uniondale, New York.

831
00:40:56,360 --> 00:40:58,920
Speaker 3: You're walking through the parking lot on your way inside

832
00:40:59,080 --> 00:41:01,080
Speaker 3: when you see the guy who have the set of

833
00:41:01,120 --> 00:41:02,160
Speaker 3: seats next to yours.

834
00:41:02,640 --> 00:41:03,640
Speaker 2: They're partying it.

835
00:41:03,640 --> 00:41:06,680
Speaker 3: Up with a pretty big group, larger than usual. People

836
00:41:06,760 --> 00:41:09,560
Speaker 3: walk up, stop and shake this one guy's hand. Chat

837
00:41:09,640 --> 00:41:12,200
Speaker 3: for a bit and then head into the arena. As

838
00:41:12,239 --> 00:41:14,560
Speaker 3: you approach, you look at the man in the Islander's

839
00:41:14,560 --> 00:41:18,760
Speaker 3: sweatshirt and ball cap. He looks familiar. You greet the guys,

840
00:41:18,800 --> 00:41:22,239
Speaker 3: your section mates, and nod at the new guy. Eric,

841
00:41:22,440 --> 00:41:24,880
Speaker 3: the guy whose seat is always next to years, introduces you.

842
00:41:25,440 --> 00:41:26,600
Speaker 3: This is John Spano.

843
00:41:27,400 --> 00:41:28,240
Speaker 8: No way.

844
00:41:28,400 --> 00:41:32,120
Speaker 3: You think, what is this guy doing here? You shake

845
00:41:32,160 --> 00:41:34,759
Speaker 3: his hand. Not wanting to be rude, you try and

846
00:41:34,760 --> 00:41:38,200
Speaker 3: think of something to say. You fired Milbury as the

847
00:41:38,239 --> 00:41:41,360
Speaker 3: head coach and put in Bowness. You tell him. He nods,

848
00:41:41,680 --> 00:41:46,120
Speaker 3: excellent move. Everyone laughs. A guy walks by, sees Spano

849
00:41:46,200 --> 00:41:46,960
Speaker 3: and calls out.

850
00:41:46,840 --> 00:41:48,719
Speaker 2: What are you doing here? You bum?

851
00:41:49,320 --> 00:41:52,279
Speaker 3: Spano lowers his head. You feel kind of bad for him,

852
00:41:52,320 --> 00:41:54,560
Speaker 3: but at the same time the guy is a total crook.

853
00:41:55,320 --> 00:41:57,400
Speaker 3: Eric announces that you should all head inside, and you

854
00:41:57,440 --> 00:42:00,920
Speaker 3: walk together to your seats. Through years of ticket holding

855
00:42:00,960 --> 00:42:04,840
Speaker 3: and increased spending, you now have great seats. In fact,

856
00:42:05,160 --> 00:42:08,000
Speaker 3: you are directly across from the owner's box and you

857
00:42:08,040 --> 00:42:11,000
Speaker 3: can look right in at the folks in there tonight.

858
00:42:11,040 --> 00:42:14,479
Speaker 3: It's packed with the owners and executives and swells, looks

859
00:42:14,520 --> 00:42:17,479
Speaker 3: like a great party and sitting a couple seats down

860
00:42:17,480 --> 00:42:21,160
Speaker 3: from you is John Spano, and he can look right

861
00:42:21,280 --> 00:42:25,319
Speaker 3: into the owner's box. You realize this and grow uncomfortable.

862
00:42:25,560 --> 00:42:28,560
Speaker 3: You look over at Spano and he's anything but there.

863
00:42:28,560 --> 00:42:31,000
Speaker 3: He is, sipping a beer and soaking it all in.

864
00:42:31,680 --> 00:42:34,480
Speaker 3: He'd made a laughing stock of your team, and now

865
00:42:34,520 --> 00:42:37,880
Speaker 3: he's acting like it never happened. The first whistle sounds

866
00:42:37,920 --> 00:42:41,200
Speaker 3: and the ref drops the puck. Everyone cheers. You look

867
00:42:41,200 --> 00:42:44,480
Speaker 3: over at Spano. He grins and leans back in his chair.

868
00:42:45,080 --> 00:42:46,719
Speaker 3: The guy in the parking lot was right.

869
00:42:47,080 --> 00:42:49,080
Speaker 2: He is a bum.

870
00:42:49,760 --> 00:42:53,520
Speaker 3: So well, Spano's enjoying a night out thanks to his

871
00:42:53,600 --> 00:42:58,160
Speaker 3: new Twitter buddies. His criminal life went on so from

872
00:42:58,280 --> 00:43:01,160
Speaker 3: June of twenty eleven to No Member of twenty twelve,

873
00:43:01,600 --> 00:43:04,920
Speaker 3: he stole almost one hundred and fifty thousand dollars from

874
00:43:05,040 --> 00:43:07,680
Speaker 3: Image First, the place that gave the sales gig.

875
00:43:07,880 --> 00:43:10,759
Speaker 2: I like that. You can name almost any criminal who

876
00:43:10,760 --> 00:43:13,040
Speaker 2: goes into like a convenience store and they will get

877
00:43:13,040 --> 00:43:17,319
Speaker 2: a way more severe penalty. Criminal penalty for stealing like

878
00:43:17,640 --> 00:43:20,480
Speaker 2: I don't know, eight dollars worth of merchandise, and this

879
00:43:20,520 --> 00:43:24,280
Speaker 2: guy is writing bad check after bad checks, literally stealing

880
00:43:24,400 --> 00:43:28,480
Speaker 2: hundreds of thousand dollars everyone's like that span out, I know.

881
00:43:28,920 --> 00:43:30,839
Speaker 3: So it was like not just image first. They had

882
00:43:30,880 --> 00:43:34,520
Speaker 3: a sister company, London Cleaners, was stealing from them too.

883
00:43:35,080 --> 00:43:37,200
Speaker 3: His attorney was like, you know, my client is not

884
00:43:37,320 --> 00:43:39,480
Speaker 3: the one to blame. He was just a minor part

885
00:43:39,520 --> 00:43:41,880
Speaker 3: in this. Was to blame the owners of the businesses.

886
00:43:41,960 --> 00:43:44,520
Speaker 3: They're the actual criminal masterminds here.

887
00:43:44,760 --> 00:43:46,080
Speaker 2: Society is to blame.

888
00:43:45,880 --> 00:43:49,520
Speaker 3: Right as not a successful defense. So August of twenty fourteen,

889
00:43:49,560 --> 00:43:52,439
Speaker 3: he gets indicted by a grand jury in Ohio on

890
00:43:52,440 --> 00:43:55,120
Speaker 3: one count of theft and forty four counts of forgery.

891
00:43:55,360 --> 00:43:55,640
Speaker 2: Jeez.

892
00:43:56,160 --> 00:43:59,359
Speaker 3: So he pleaded guilty to sixteen counts of forgery, got

893
00:43:59,360 --> 00:44:03,200
Speaker 3: sentenced to ten years in federal prison. Hikes, So that's

894
00:44:03,200 --> 00:44:04,319
Speaker 3: you know, he got it.

895
00:44:04,400 --> 00:44:06,920
Speaker 2: He got his count up enough to actually get some time.

896
00:44:06,920 --> 00:44:10,040
Speaker 3: And he had to repay seventy five thousand dollars to

897
00:44:10,080 --> 00:44:13,799
Speaker 3: the company in restitution. He did his time at the

898
00:44:13,840 --> 00:44:18,720
Speaker 3: Grafton Correctional Facility just outside of Cleveland, Ohio. Got released

899
00:44:18,719 --> 00:44:21,919
Speaker 3: in November of twenty twenty four recent huh, and there's

900
00:44:21,960 --> 00:44:24,480
Speaker 3: no word on whether he's gone back to grifting again.

901
00:44:24,560 --> 00:44:27,879
Speaker 3: If so, he's like in the process of it. There's

902
00:44:27,920 --> 00:44:31,720
Speaker 3: an ESPN thirty for thirty documentary about him called Big Shot,

903
00:44:32,440 --> 00:44:35,440
Speaker 3: and in it, he says that the process of getting

904
00:44:35,520 --> 00:44:38,680
Speaker 3: the eighty million dollar loan to buy the Islanders was

905
00:44:38,800 --> 00:44:41,000
Speaker 3: easier than it was for him to get his first

906
00:44:41,080 --> 00:44:42,800
Speaker 3: car loan of twelve thousand dollars.

907
00:44:43,160 --> 00:44:47,120
Speaker 2: That's the thing that I kind of pointed this out earlier,

908
00:44:47,280 --> 00:44:51,120
Speaker 2: is that we don't look at on paper crime nearly

909
00:44:51,200 --> 00:44:53,040
Speaker 2: the same. And so eventually get up to a place

910
00:44:53,040 --> 00:44:55,680
Speaker 2: where people will just believe you, and you got Deutsche

911
00:44:55,800 --> 00:44:57,879
Speaker 2: Bank to give you like one hundred million dollars because

912
00:44:57,880 --> 00:44:59,680
Speaker 2: they're like, oh, then they don't want to admit that

913
00:44:59,719 --> 00:45:02,640
Speaker 2: they do. Then they'll bury it for two years totally

914
00:45:02,680 --> 00:45:04,800
Speaker 2: and buy you time to go find some other sucker,

915
00:45:04,840 --> 00:45:06,680
Speaker 2: and then be like, give him a little bit more money.

916
00:45:06,719 --> 00:45:08,879
Speaker 2: They're like, we'll take ten million dollars just to keep

917
00:45:08,920 --> 00:45:09,440
Speaker 2: this going.

918
00:45:10,840 --> 00:45:12,560
Speaker 3: And the thing is, like he said he was a

919
00:45:12,560 --> 00:45:15,400
Speaker 3: little embarrassed by his bad behavior a little and that

920
00:45:15,520 --> 00:45:17,719
Speaker 3: he wasn't the only one who was punished like his

921
00:45:17,760 --> 00:45:20,239
Speaker 3: family and his friends they went through it too, you know,

922
00:45:20,320 --> 00:45:21,120
Speaker 3: by association.

923
00:45:21,440 --> 00:45:23,440
Speaker 2: Did he recognize it when he says they were punished,

924
00:45:23,440 --> 00:45:25,279
Speaker 2: they were punished by him, But here's the thing.

925
00:45:25,360 --> 00:45:27,160
Speaker 3: At the same time, he was like, I would do

926
00:45:27,200 --> 00:45:28,000
Speaker 3: it all over again.

927
00:45:28,520 --> 00:45:30,759
Speaker 2: I would punish everyone I know all over again. And

928
00:45:30,800 --> 00:45:33,759
Speaker 2: they were like, what for three months ownership of the Islanders?

929
00:45:33,840 --> 00:45:36,160
Speaker 3: He said it was quote a fulfillment of a dream,

930
00:45:36,320 --> 00:45:37,920
Speaker 3: even if it was for a short time.

931
00:45:39,760 --> 00:45:39,960
Speaker 4: Yeah.

932
00:45:40,560 --> 00:45:43,879
Speaker 2: Yeah, So I'm so offended, Like just that.

933
00:45:43,880 --> 00:45:48,040
Speaker 3: Guy Milbury that he fired. Yeah. They asked him like

934
00:45:48,160 --> 00:45:50,520
Speaker 3: in an interview, it's like a decade after this all

935
00:45:50,520 --> 00:45:53,160
Speaker 3: goes down, Yeah, Like what do you think? And he

936
00:45:53,239 --> 00:45:55,839
Speaker 3: referred to him as an that remains full of.

937
00:45:59,000 --> 00:46:01,400
Speaker 2: Like Milbury. Yeah.

938
00:46:01,440 --> 00:46:05,160
Speaker 3: When interviewed regarding one of the scandals, former executive Jim

939
00:46:05,280 --> 00:46:10,560
Speaker 3: Lights remember him, he said, like, why the grift worked?

940
00:46:11,040 --> 00:46:12,400
Speaker 2: Yeah? Why? Quote?

941
00:46:12,920 --> 00:46:16,080
Speaker 3: You know, with John, you got none of that funny

942
00:46:16,120 --> 00:46:18,840
Speaker 3: feeling you would expect to get about a guy trying

943
00:46:18,880 --> 00:46:21,520
Speaker 3: to scam you. You always get a picture of these

944
00:46:21,560 --> 00:46:25,520
Speaker 3: guys driving around in big limos with busty girlfriends on

945
00:46:25,560 --> 00:46:28,640
Speaker 3: their arms. He wasn't like that at all. John and

946
00:46:28,680 --> 00:46:32,760
Speaker 3: his wife were very simple people, very Middle America. We're

947
00:46:32,920 --> 00:46:35,760
Speaker 3: very forgiving people, sometimes too forgiving.

948
00:46:36,440 --> 00:46:38,399
Speaker 2: See, this is the other part that I didn't want

949
00:46:38,440 --> 00:46:40,479
Speaker 2: to like bring all the way home as my point,

950
00:46:40,520 --> 00:46:43,839
Speaker 2: which is because it feels like I'm blaming somebody for this,

951
00:46:44,000 --> 00:46:47,120
Speaker 2: but these people are natural born suckers. If you think

952
00:46:47,160 --> 00:46:49,680
Speaker 2: that the devil's gonna show up with a pitchfork, you know,

953
00:46:49,880 --> 00:46:53,040
Speaker 2: it's like he wasn't in a limo with bucks and blondes.

954
00:46:53,960 --> 00:46:58,240
Speaker 2: Bodacious point of a con artist is that they show

955
00:46:58,320 --> 00:47:00,000
Speaker 2: up and they make you feel confident.

956
00:47:00,440 --> 00:47:03,399
Speaker 3: Yeah, oh my goodness, there it is, is Aaron, what's

957
00:47:03,400 --> 00:47:05,360
Speaker 3: your ridiculous take away this whole thing?

958
00:47:06,880 --> 00:47:10,720
Speaker 2: Something like talk about fill up the tob with just crap.

959
00:47:11,880 --> 00:47:15,080
Speaker 2: I'm with the dude Milbury dude, like he nailed it.

960
00:47:15,280 --> 00:47:22,280
Speaker 2: This guy isn't fully Yeah he heard ridiculous takeaway.

961
00:47:22,400 --> 00:47:25,080
Speaker 3: I'm just always done, like you're saying the lying.

962
00:47:25,239 --> 00:47:25,760
Speaker 2: I couldn't.

963
00:47:25,840 --> 00:47:29,799
Speaker 3: I couldn't get five minutes into this without melting down. Yeah,

964
00:47:30,320 --> 00:47:32,799
Speaker 3: and like, but to maintain this, and then especially when

965
00:47:32,800 --> 00:47:35,120
Speaker 3: you're put on the spot where they're like, okay, where's

966
00:47:35,160 --> 00:47:38,240
Speaker 3: the payment, and then to come up with excuse after excuse.

967
00:47:38,200 --> 00:47:40,040
Speaker 2: And then and everyone's just buying it.

968
00:47:40,040 --> 00:47:43,400
Speaker 3: They're like, Okay, no, right now, you gotta pay me. Okay, fine,

969
00:47:43,480 --> 00:47:46,359
Speaker 3: now now you have it. Just doesn't enough.

970
00:47:46,400 --> 00:47:48,359
Speaker 2: They're not buying it, and they're just mad and you're

971
00:47:48,400 --> 00:47:49,200
Speaker 2: still lying to.

972
00:47:49,160 --> 00:47:51,520
Speaker 3: You're still lying, and then you're like hold on, and

973
00:47:51,520 --> 00:47:53,440
Speaker 3: then you go over to the next guy like, hey, listen,

974
00:47:53,480 --> 00:47:56,120
Speaker 3: can I get a loan on because I have this amount.

975
00:47:56,239 --> 00:47:57,160
Speaker 3: The whole thing's nuts.

976
00:47:57,200 --> 00:48:00,359
Speaker 2: Have you seen my rented jet? Because you know guy

977
00:48:00,400 --> 00:48:02,080
Speaker 2: would have that and not be rich.

978
00:48:03,400 --> 00:48:06,080
Speaker 3: Oh you know what, it's time for talkback.

979
00:48:10,520 --> 00:48:13,200
Speaker 2: Oh my god, did he do super?

980
00:48:15,320 --> 00:48:15,759
Speaker 6: I went you.

981
00:48:20,400 --> 00:48:24,239
Speaker 4: Ridiculous crime fam. Hello, this is Catherine from Albuquerque with

982
00:48:24,280 --> 00:48:25,040
Speaker 4: an update for you.

983
00:48:25,400 --> 00:48:25,600
Speaker 2: One.

984
00:48:25,760 --> 00:48:27,799
Speaker 4: My husband who broke his back can now walk on

985
00:48:27,840 --> 00:48:29,960
Speaker 4: assistant and is healing very well. And we're all very

986
00:48:29,960 --> 00:48:32,440
Speaker 4: excited for him because he's healing much quicker than we

987
00:48:32,480 --> 00:48:36,120
Speaker 4: all expected. So that is super exciting. To he copy

988
00:48:36,520 --> 00:48:40,360
Speaker 4: a shirt from your merch store on your award winning website,

989
00:48:40,400 --> 00:48:43,879
Speaker 4: which I just love, and so that's amazing. I hope

990
00:48:43,880 --> 00:48:45,520
Speaker 4: you all had a merry Christmas.

991
00:48:46,160 --> 00:48:49,520
Speaker 3: Oh my god, Yes, I am so excited because back

992
00:48:49,560 --> 00:48:50,560
Speaker 3: injuries are new joke.

993
00:48:50,640 --> 00:48:53,759
Speaker 2: Oh yeah, congrats to your That is really cool. We

994
00:48:54,200 --> 00:48:55,640
Speaker 2: were pulling for his recovery.

995
00:48:55,760 --> 00:48:57,920
Speaker 3: I love it, hear it, and I love how sweet

996
00:48:57,960 --> 00:48:59,320
Speaker 3: for him to get you the best.

997
00:48:59,080 --> 00:49:02,000
Speaker 2: Merchant good partner. I love it and I used to

998
00:49:02,000 --> 00:49:05,280
Speaker 2: work construction, so trust me, I know about healing, especially

999
00:49:05,280 --> 00:49:07,880
Speaker 2: from back injuries and things like that. Yeah, please tell

1000
00:49:07,880 --> 00:49:09,360
Speaker 2: them extra congrats for me on that.

1001
00:49:09,520 --> 00:49:11,920
Speaker 3: Oh yeah yeah, what a wonderful way to wrap up

1002
00:49:11,960 --> 00:49:14,160
Speaker 3: the year. We need good good end of the year.

1003
00:49:14,239 --> 00:49:15,960
Speaker 2: Yeah, we need some good energy and that made me

1004
00:49:16,000 --> 00:49:19,800
Speaker 2: give me a big smile you too. No more Winter

1005
00:49:19,840 --> 00:49:26,040
Speaker 2: of Dark, Elizabeth, No, No, that's it for today.

1006
00:49:26,120 --> 00:49:28,760
Speaker 3: You can find us online at ridiculous Crime dot com.

1007
00:49:28,800 --> 00:49:30,000
Speaker 2: There's also merch on there.

1008
00:49:30,800 --> 00:49:34,239
Speaker 3: We're at Ridiculous Crime on Blue Sky on Instagram. We're

1009
00:49:34,280 --> 00:49:38,319
Speaker 3: on YouTube at Ridiculous Crime Pod. Email Ridiculous Crime at

1010
00:49:38,400 --> 00:49:41,600
Speaker 3: gmail dot com, Leave it, talk back on the iHeart app.

1011
00:49:41,760 --> 00:49:51,080
Speaker 3: Share your excellent news like that reach out. Ridiculous Crime

1012
00:49:51,160 --> 00:49:54,080
Speaker 3: is hosted by Elizabeth Dutton and Zaren Burnette, produced and

1013
00:49:54,200 --> 00:49:57,400
Speaker 3: edited by owner of the Rhode Island Rabbit Holes, Dave Cousten,

1014
00:49:57,800 --> 00:50:02,080
Speaker 3: starring Annale Rucker as Judah. Research is by Nordstrom Housewares

1015
00:50:02,120 --> 00:50:06,239
Speaker 3: buyer Marissa Brown and Islanders whistleblower Jabbari Davis. The theme

1016
00:50:06,320 --> 00:50:09,600
Speaker 3: song is by Goaltender. In a season long Slump, Thomas

1017
00:50:09,640 --> 00:50:13,920
Speaker 3: Lee and rookie left wing phenom Travis Dutton. Post wardrobe

1018
00:50:13,960 --> 00:50:16,800
Speaker 3: is provided by Botany five hundred. Guest hair and makeup

1019
00:50:16,840 --> 00:50:21,200
Speaker 3: by Sparkleshot and mister Andre. Executive producers are La King's

1020
00:50:21,320 --> 00:50:26,080
Speaker 3: Jersey Taylor, Ben Bolan and Mighty Ducks Stunt Double, Noel Brown.

1021
00:50:30,840 --> 00:50:37,399
Speaker 5: We Dickus Crime Say It One More Times.

1022
00:50:36,239 --> 00:50:40,520
Speaker 1: Crime Ridiculous Crime is a production of iHeartRadio. Four more

1023
00:50:40,560 --> 00:50:44,160
Speaker 1: podcasts to my heart Radio, visit the iHeartRadio app, Apple Podcasts,

1024
00:50:44,239 --> 00:50:46,120
Speaker 1: or wherever you listen to your favorite shows.