American Businessman Whose Firm Invested in Several European Soccer Clubs Pleads Guilty to Fraud Charges

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.

Josh Wander, 45, a co-founder of Miami-based 777 Partners, an investment firm, entered the plea in Manhattan federal court to wire fraud and securities fraud charges.

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