Mike Gaynes 19/10/2025 5comments  |  Jump to last

Josh Wander of 777 Partners, who ultimately failed in their attempt to buy Everton last year, was indicted on Thursday for an alleged $500M fraud scheme. 

The indictment says Wander and his firm used deception to lure private lenders and investors, pledging assets that 777 Partners did not actually own, falsifying bank statements, and making other material misrepresentations about the firm's financial health. The charges include wire fraud, securities fraud and conspiracy to commit those crimes.

The indictment also names Wander's buddy, Steven Pasko, who is also the target of a civil filing by the US Securities and Exchange Commission. And the former CFO at 777 has already pleaded guilty and is cooperating with the government, according to the FBI. That's massive.

"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." -- Jay Clayton, United States Attorney for the Southern District of New York, in an FBI press release.

What happens now to Wander's football clubs -- Genoa, Hertha Berlin, Standard Liege -- is anybody's guess.

Talk about dodging a bullet. We dodged a nuke. Thank you again, Dan Friedkin.

 

Reader Comments (5)

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Ian Wilkins
1 Posted 19/10/2025 at 17:42:21
I saw this story too, Mike.

Moshiri (and / or his backers) would have sold us to this bunch. We'd be sunk. Only the Premier League ‘financially fit and proper' rules prevented this happening.

We also allowed them to finance our operations for several months before TFG quickly cleared this debt. I hope we are well clear of any linkage to this bunch of crooks.

Paul Hewitt
2 Posted 19/10/2025 at 20:12:32
I think it's the premier League and masters we need to thank.
Brendan McLaughlin
3 Posted 19/10/2025 at 20:18:32
Very naughty Paul #2

Not words I ever thought I'd be reading on ToffeeWeb... but perverse as it is... you're not wrong.

Dave Abrahams
4 Posted 19/10/2025 at 20:25:36
Well from information I was listening to 777 never had a chance of buying Everton once they were investigated and I think our present owners were just biding their time after pulling out after being very interested, there was another interested party who couldn’t believe their offer had not been taken and 777’s was..
Mike Gaynes
5 Posted 19/10/2025 at 20:26:33
It's true. If the league hadn't stopped Moshiri, we'd be staring down the barrel of administration right now.

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