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US businessman whose firm invested in European soccer clubs pleads guilty to fraud
- Josh Wander, co-founder of Miami-based 777 Partners, pleaded guilty in New York to wire fraud and securities fraud charges.
- Wander admitted borrowing money in 2021 and 2022 using figures that overstated the firm’s assets.
- Wander said during the plea hearing that he knew his conduct was wrong and apologized.
- He agreed to pay $500 million to investors and could face up to 40 years in prison at sentencing.
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US businessman whose firm invested in European soccer clubs pleads gui
NEW YORK (AP) — An American businessman whose firm invested in several European soccer clubs that struggled under its ownership pleaded guilty to fraud charges Thursday in New York and agreed to pay back $500 million in
·Baltimore, United States
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Winnipeg Free Press+10 Reposted by 10 other sources
US businessman whose firm invested in European soccer clubs pleads guilty to fraud
NEW YORK (AP) — An American businessman whose firm invested in several European soccer clubs that struggled under its ownership pleaded guilty to fraud charges Thursday in New York and agreed to pay back $500 million in losses caused by the scheme.
·Winnipeg, Canada
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Total News Sources12
Leaning Left6Leaning Right2Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
Factuality
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