Summary
Josh Wander, co-founder of 777 Partners, is charged with defrauding lenders and investors out of over $500 million. Prosecutors say Wander used fake financial documents to make the firm’s finances look better than they were. Wander denies the charges and his lawyer plans to contest them in court.
Key Facts
- Josh Wander is a co-founder of 777 Partners, an investment firm.
- Wander is accused of defrauding lenders and investors of more than $500 million.
- Prosecutors allege he used false financial documents to inflate 777's financial condition.
- Wander attempted to buy Premier League club Everton, but the deal failed in June 2024.
- New owners, the Friedkin Group, bought Everton from Farhad Moshiri in December 2024.
- Wander is charged with conspiracy to commit wire fraud, wire fraud, and securities fraud.
- Each fraud charge carries a maximum of 20 years in prison.
- Wander denies all charges, and his lawyer describes the case as a business disagreement.
