A former financial advisor who ripped off millions of dollars in funds raised from former New York Islander and New York Ranger hockey players and Long Island residents that were intended for investment in land developments, was sentenced earlier this week to 17 years in prison, according to a release from the U.S. attorney’s office for the Eastern District of New York.

Phillip A. Kenner, 51, of Scottsdale, Ariz., was sentenced by U.S. Circuit Judge Joseph F. Bianco in the multimillion-dollar fraud scheme that promised land developments in Hawaii and a start-up business in Arizona, among other purposes, the court document said.

Instead, the court said Kenner borrowed nearly all of investors’ lines of credit, and he and a co-defendant, Tommy Constantine, 54, also of Scottsdale, used the money for personal expenses, including an investment in a tequila company in Mexico, defending Constantine in Florida litigation over his race car sponsorship activities, and an exploratory and unsuccessful effort by Constantine to buy Playboy Enterprises.

Kenner, the court document said, began his career as a Boston-based financial advisor and developed a roster of clients, including former New York Islander Michael Peca, former New York Islander and New York Ranger Brian Berard, and Darryl Sydor and Bill Ranford—both two-time Stanley Cup champions—in addition to other NHL players.

The court said beginning in 2003, Kenner convinced Peca, Berard and several others to invest $100,000 each for the development of land in Hawaii into luxury estates and to open personal lines of credit at a bank, collateralized by their personal stock, bond and savings accounts worth at least $10 million.  Kenner ensured the lines of credit would be used only to pay for initial development costs associated with the Hawaii project, and would be fully replenished after Lehman Brothers Holdings Inc. agreed to loan the project up to $105 million in August 2006.

In an offshoot of the scheme, the court document said Constantine brokered a $3.5 million loan from an Arizona businessman to close on a Hawaii parcel of land, putting up no money of his own, but walked away with about $2 million from the transaction—funded with assets diverted from Peca, Berard and others.

The court document said for years Kenner concealed that he had wiped out most of his clients’ funds by borrowing against one line of credit to pay monthly interest charges for another account. But by late 2008, the concealment scheme collapsed. However, the two men were still able to persuade their clients to invest additional funds to a “Global Settlement Fund,” the document said, noting that the clients contributed  more than $2.9 million toward the fund, most of which were diverted to personal use.

In early 2009, Kenner’s clients who had opened lines of credit for the Hawaii venture received notices that their credit lines were in default, the document said.

The men were convicted at trial in July 2015 of one count of conspiracy to commit wire fraud, four substantive counts of wire fraud, and one count of conspiracy to commit money laundering. The amount of restitution will be determined by the court at a later date, the document said.

Kenner, who has been in the custody of the Bureau of Prisons since his arrest in 2013, was previously ordered to forfeit about $17 million and all rights, title and interest in an oceanfront resort in Mexico, real property in Hawaii and a Falcon 10 jet airplane, among other assets, the court document said.

Constantine is awaiting sentencing.