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Failed Everton bidder Wander charged with fraud
https://www.bbc.com/sport/football/articles/c17p08zg72eoThe co-founder of investment firm 777 Partners - which made an unsuccessful bid to buy Premier League club Everton - has been charged with defrauding lenders and investors of more than $500 million (£372m).
Josh Wander, 44, lied and used fake financial documents to inflate the finances of 777, according to Manhattan federal prosecutors in the United States.
A potential deal for 777 to acquire the Toffees fell through in June 2024, before new owners the Friedkin Group bought the club from Farhad Moshiri in December that year.
"Wander used his investment firm, 777 Partners, to cheat private lenders and investors out of hundreds of millions of dollars by pledging assets that his firm did not own, falsifying bank statements, and making other material misrepresentations about 777's financial condition," said US attorney Jay Clayton.
(snip)