777 Partners’ Josh Wander pleads guilty to fraud charges
Joshua Wander, founder and former CEO of Miami-based investment firm 777 Partners, pleaded guilty in New York to wire fraud and securities fraud. Wander admitted to a scheme that defrauded lenders and investors of at least $500 million. As part of the plea agreement, he has agreed to forfeit at least $500 million. The case was announced by Jamie McDonald, the United States Attorney for the Southern District of New York.
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- ✓ Joshua Wander is the founder and former CEO of Miami-based investment firm 777 Partners.
- ✓ Wander pleaded guilty to wire fraud and securities fraud charges.
- ✓ The fraud scheme targeted lenders and investors for at least $500 million.
- ✓ Wander agreed to forfeit at least $500 million as part of his plea.
What changed
Joshua Wander entered a guilty plea for wire and securities fraud and agreed to forfeit $500 million.
Live updates
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777 Partners founder Joshua Wander pleads guilty to $500 million fraud
Joshua Wander, founder and former CEO of Miami-based investment firm 777 Partners, pleaded guilty in New York to wire fraud and securities fraud. Wander admitted to a scheme that defrauded lenders and investors of at least $500 million. As part of the plea agreement, he has agreed to forfeit at least $500 million. The case was announced by Jamie McDonald, the United States Attorney for the Southern District of New York.
Why it matters
Wander led 777 Partners' efforts to acquire Everton and invested in various European soccer clubs and aircraft. The firm's ownership was associated with struggles at the sports teams it managed. The company also served as the parent firm for a now-failed Bermudian reinsurer.
What is confirmed
- Joshua Wander is the founder and former CEO of Miami-based investment firm 777 Partners.
- Wander pleaded guilty to wire fraud and securities fraud charges.
- The fraud scheme targeted lenders and investors for at least $500 million.
- Wander agreed to forfeit at least $500 million as part of his plea.
- The announcement was made by Jamie McDonald, United States Attorney for the Southern District of New York.
- Wander previously led a bid to purchase Everton.
What to watch next
- Sentencing date and final penalty determination for Joshua Wander
- Recovery efforts to return forfeited funds to defrauded lenders and investors
confidence 100%Sources used for this update (14)
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- Financial Times — 777 Partners’ Josh Wander pleads guilty to fraud charges
- ESPN — 777 founder, who led Everton bid, guilty of fraud; to repay $500M
- The Seattle Times — Soccer, aircraft investor Joshua Wander pleads guilty in $500M fraud case
- Artemis.bm — 777 co-founder Wander pleads guilty to $500m+ scheme to defraud lenders and investors
- The New York Times — Former Everton bidder Josh Wander, 777 Partners co-founder, pleads guilty to fraud charges - The Athletic
- www.artemis.bm — 777 co-founder Wander pleads guilty to $500m+ scheme to defraud lenders and investors - Artemis.bm
- www.audacy.com — US businessman whose firm invested in European soccer clubs pleads guilty to fraud - Audacy,Radio & Podcasts
- inews.co.uk — ‘No talks’ over Friedkin sale yet - but Everton have dodged a bullet
- www.royalgazette.com — Cofounder of failed reinsurer’s parent firm admits $500m fraud - The Royal Gazette | Bermuda News, Business, Sports, Events, & C....
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