All articles tagged with #777 partners
Josh Wander, co-founder of the investment firm 777 Partners involved in a failed bid to buy Everton, has been charged with over $500 million fraud involving false financial documents and asset pledges, with potential prison sentences up to 20 years.
The founder and CFO of investment firm 777 Partners, Joshua Wander and Damien Alfalla, have been charged with a $500 million fraud scheme involving misrepresentations, asset pledging, and misuse of funds to deceive lenders and investors, leading to criminal charges and ongoing investigations.
Josh Wander, co-founder of 777 Partners, was charged with conspiracy and fraud for allegedly misrepresenting financial information and cheating lenders and investors out of nearly $500 million, with the firm facing multiple lawsuits and regulatory actions related to its financial practices and attempted acquisition of Everton FC.
Everton is seeking new financial backing after a takeover deal with U.S. private equity firm 777 Partners collapsed. Majority owner Farhad Moshiri had agreed to sell his 94.1% stake, but 777 Partners missed the deadline to finalize the purchase. The club will continue to operate as usual while exploring new ownership options.