Former Hudson Valley Saints Owner Pleads Guilty to FraudJun 28th, 2013 | By HV Insider | Category: Featured Articles
Mark English, 51, formerly of Port Ewen, pled guilty in Ulster County Court to felony Scheme to Defraud in the First Degree.
From 2005 through 2007, English owned and operated the Hudson Valley Saints minor league football team, which played at Dietz Stadium in Kingston. Claiming to need funds for various team-related expenses, he solicited thousands of dollars in loans from a number of local individuals. English then diverted much of these funds to pay for his personal expenses. In the three seasons of his football operations, he failed to repay a single one of his investors. English also obtained football equipment and uniforms on credit from a company based in Rockland County and never paid the bill.
District Attorney Holley Carnright explained the scheme accordingly: “In short, Mr. English was using the Saints as a personal slush fund, borrowing as much as he could for as long as he could without ever intending to pay people back. When he was finally forced to turn over the team to one of his investors because he missed all required payments, he simply washed his hands of the whole affair and walked away. This wasn’t a simple matter of a failed business, this was a fraud. Accordingly, a criminal prosecution was appropriate.”
Sentencing of English has been scheduled for August 27 in Ulster County Court. He faces a maximum of 1 1/3 – 4 years in state prison.