Josh Wander of 777 Partners has been indicted by the DOJ, but what does this mean for A-CAP, their biggest creditor, which has seized most of their assets, football clubs included, and remains accused of being the “puppeteer” pulling their strings?
By Paul Brown and Philippe Auclair
While Josh Wander (lead photo, left) was putting his condo up to cover a 15 million dollars bail bond after being indicted on criminal fraud charges last month, A-CAP’s Kenny King (lead photo, right) was in the process of buying one in Manhattan for almost 9 million dollars.
For those of you who are new to this story, Wander is the brash playboy head of 777 Partners who has fallen on hard times and was charged on 16 October by the US Department of Justice (DOJ) for engaging in a scheme to defraud lenders out of more than 500 million dollars.
And King is the founder and CEO of A-CAP, a New York investment firm which owns five US insurers and is accused of being “the puppeteer to the 777 Partners’ marionette” in the bombshell civil lawsuit which sparked the beginning of the end for Wander and his company when it was filed in May 2024.
That allegation, made by UK lender Leadenhall Capital against King and A-CAP has yet to be tested in court, and is vehemently denied. While Wander has now been charged by the DOJ with conspiracy to commit wire fraud, wire fraud, conspiracy to commit securities fraud and securities fraud, nowhere in his indictment are either King or A-CAP mentioned.
Wander and two other 777 Partner...
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