Sunday, March 8, 2015

Ex-Capitals owner ordered to repay $108 million

Then-Sacramento Capitals owner Deepal Wannakuwatte and his
wife, Betsy, pose with Mike Bryan, left, and Bob Bryan of the
visiting Texas Wild after a 2013 match. Photo by Paul Bauman
   Deepal Wannakuwatte will be making a lot of license plates, folding a lot of laundry or doing whatever they do in prison for 20 cents an hour these days.
   U.S. District Judge Troy Nunley ordered Wannakuwatte to repay $108 million to victims of his massive Ponzi scheme, The Sacramento Bee reported on Saturday.
   Nunley sentenced Wannakuwatte, the former owner of the now-defunct Sacramento Capitals in World TeamTennis, to 20 years in prison last November.
   The bill is a bit steep for the 64-year-old Wannakuwatte, who listed assets of about $16 million when he filed for bankruptcy protection last spring, according to The Bee. The Sri Lanka native pleaded guilty to defrauding investors in his West Sacramento medical supply business.
   The Capitals announced in February last year that they were moving to Las Vegas after 28 years because Sacramento lacks a permanent tennis facility. Shortly after Wannakuwatte's arrest, WTT terminated the franchise.
   WTT announced last month, however, that the franchise in Irving, Texas, will move to Sacramento beginning this summer and be renamed the California Dream.
   Davis Cup -- Former Stanford stars Bob and Mike Bryan kept the United States alive in the first round of the Davis Cup, edging Dominic Inglot and Jamie Murray of Great Britain 6-3, 6-2, 3-6, 6-7 (8), 9-7 in Glasgow, Scotland.
   The United States trails 2-1 entering today's reverse singles in the best-of-five-match competition. John Isner will face Andy Murray, Jamie's younger brother, in the first match, and Donald Young will play James Ward in the finale.

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