[ESPN NBA Guru] Former Hornets exec sentenced to 15 months

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Stolpen pleaded guilty to bank fraudCHARLOTTE, N.C. -- Spencer Stolpen, former president of the Charlotte Hornets, was sentenced to 15 months in prison
Monday for scheming to defraud banks to pay off his mounting debts. Federal prosecutors said Stolpen was facing rising overdue bills
in 2002 when he engaged in the fraud scheme. Stolpen pleaded guilty
to bank fraud and filing a fraudulent bank loan application. Last November, federal prosecutors filed a plea agreement that
called for the 15-month sentence....

http://sports.espn.go.com/nba/news/story?id=1866024&CMP=OTC-DT9705204233
 

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