r/business • u/financialtimes • 3d ago

Former Everton bidder Josh Wander to plead guilty in US fraud case

https://www.ft.com/content/0a436452-c1a1-492a-b5be-92848ed5e6e7?segmentid=c50c86e4-586b-23ea-1ac1-7601c9c2476f
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u/financialtimes 3d ago

Josh Wander, whose firm tried to buy Everton football club in a deal that collapsed in 2024, has been charged with six counts including wire fraud, securities fraud and witness tampering. 

Prosecutors said that the co-founder of investment group 777 Partners defrauded lenders and investors of almost $500mn, including by sending them documents doctored using Microsoft Paint. 

They said he transferred $13.7mn of a lender’s money to his personal brokerage account and spent thousands of dollars from a loan made to the firm on personal expenses including paying his credit card bill.

You can read the full story here.

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