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Back when he was the owner of the Edmonton Oilers, Peter Pocklington traded Wayne Gretzky to the Sacramento Kings in exchange for $15 million cash and three Kings' first-round draft picks in 1989, 1991 and 1993.

The trade made it to the Canadian House of Commons where NDP House Leader Nelson Riis demanded that the government block the trade of the best hockey player in history to the United States.

Now Pocklington is back in trouble with the law -- but this time it's for real. Now 67 years old, he was arrested at his California home yesterday and indicted on charges of making false statements in bankruptcy and making false oaths and accounts in bankruptcy. He faces up to ten years in prison.

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Former NHL owner arrested on bankruptcy fraud charges originally appeared on BloggingStocks on Thu, 12 Mar 2009 13:40:00 EST. Please see our terms for use of feeds.

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