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96. The Islanders (John Spano)

Swindled

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John Spano and the New York Islanders

John Spano agreed to return the New York Islanders to John Pickett as long as Mr. Pickett agreed to take over the $80 million loan he had used for the down payment and to not sue. Lemco promptly manufactured the 270 sets of stainless steel cookware and shipped them to the States. The company decided to follow up with Nordstrom, only to find out that the store had never heard of John Spano and that they did not sell pots and pans. It wasn't just a case of accepting him on face value, an official with the company told the Dallas Observer. Are people acted on what they thought was a good risk? They did their due diligence and everything pointed toward

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