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Josh Wander pleads guilty to $500 million fraud scheme
Josh Wander, co-founder of the Miami-based investment firm 777 Partners, has pleaded guilty in a Manhattan federal court to wire fraud and securities fraud. The scheme involved defrauding private lenders and investors of more than $500 million.
Wander admitted to using exaggerated assets and falsified bank statements to secure loans and investments between 2021 and 2022. Prosecutors stated that funds intended for structured settlement agreements were instead diverted to unauthorized uses, including the financing of professional football clubs managed by 777 Partners, such as Hertha BSC in Germany, Vasco da Gama in Brazil, Genoa in Italy, and Standard Liege in Belgium.
As part of his plea agreement, Wander has agreed to pay at least $500 million in restitution. He currently remains free on bail. A district judge is scheduled to determine his sentence on March 1, 2027. Wander faces a maximum potential sentence of up to 40 years in prison for the crimes admitted.
Entities
777 Partners · Department of Justice · Hertha BSC · Hertha Berlin · Jamie McDonald · Josh Wander · Manhattan federal court · Southern District of New York · U.S. Department of Justice · Vasco da Gama
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Wander faces a maximum of 20 years in prison for each admitted crime. odia.ig.com.br · www.supervasco.com
- [● 3 SOURCES] Wander used false financial information to obtain loans and attract investments. tribunadepetropolis.com.br · odia.ig.com.br · www.supervasco.com
- [● 3 SOURCES] The fraud scheme involved more than $500 million. tribunadepetropolis.com.br · odia.ig.com.br · www.supervasco.com
- [● 2 SOURCES] The sentencing is scheduled for March 1, 2027. odia.ig.com.br · www.supervasco.com
- [● 6 SOURCES] Josh Wander pleaded guilty to electronic fraud, securities fraud, and conspiracy. tribunadepetropolis.com.br · odia.ig.com.br · www.supervasco.com · mymotherlode.com · www.newsday.com · +1 more
- [● 10 SOURCES] Wander agreed to forfeit at least $500 million as part of a deal. www.supervasco.com · mymotherlode.com · tribunadepetropolis.com.br · odia.ig.com.br · www.newsday.com · +5 more
- [● 6 SOURCES] Wander directed employees to falsify bank statements and simulate non-existent balances. tribunadepetropolis.com.br · odia.ig.com.br · www.supervasco.com · mymotherlode.com · www.newsday.com · +1 more
- [● 7 SOURCES] Funds intended for structured settlement agreements were diverted to other sectors, including aviation and football. tribunadepetropolis.com.br · odia.ig.com.br · www.supervasco.com · berliner-abendblatt.de · maracanaonline.com.br · +2 more
- [● 6 SOURCES] Wander instructed employees to falsify bank statements and simulate million-dollar balances to hide irregularities. tribunadepetropolis.com.br · odia.ig.com.br · www.supervasco.com · berliner-abendblatt.de · maracanaonline.com.br · +1 more
- [● 4 SOURCES] 777 Partners assumed control of the Vasco da Gama SAF in 2022. tribunadepetropolis.com.br · odia.ig.com.br · www.supervasco.com · maracanaonline.com.br
- [● 8 SOURCES] A district judge will determine the sentence on March 1, 2027. odia.ig.com.br · www.supervasco.com · mymotherlode.com · tribunadepetropolis.com.br · www.newsday.com · +3 more
- [● 5 SOURCES] Wander used misappropriated funds to cover expenses for professional football clubs managed by 777 Partners. tribunadepetropolis.com.br · odia.ig.com.br · www.supervasco.com · berliner-abendblatt.de · maracanaonline.com.br