Created: Oct 18, 2026 08:15 AM
Guilty plea: Josh Wander, co-founder of 777 Partners, leaves federal court in New York after admitting fraud (Photograph by Yuki Iwamura/AP)
Josh Wander, the cofounder of 777 Partners, admitted to fraud in connection with what federal prosecutors said was a scheme to bilk lenders and investors out of at least $500 million before the firm collapsed.
Wander, who was set to go on trial next week in New York, pleaded guilty to wire fraud and securities fraud before US District Judge J. Paul Oetken as part of an agreement with prosecutors that includes forfeiting at least $500 million. Wander, 45, is scheduled to be sentenced on March 1 in Manhattan. Each count carries a maximum of 20 years behind bars.
The admission comes three years after the Bermuda Monetary Authority intervened at 777 Re – a reinsurer whose ultimate backer…
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