Vasco SAF executive posts million-dollar bail in US court, details here | OneFootball

Josh Wander, co-founder of 777 Partners, former Vasco, appeared this Friday (17) at the Federal Court in New York, United States, to respond to the charges he faces in the American justice system. The businessman posted bail in the amount of US$ 15 million and was released after the hearing.

Wander is under investigation for wire fraud, securities fraud, and conspiracy. According to U.S. authorities, the crimes could result in severe penalties: each fraud charge could lead to up to 20 years in prison, while the conspiracy charge could add another 5 years of detention.

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The information was released by journalist Danilo Danteskoo, from the Expresso 1923 profile, via the social network X (formerly Twitter).

777 Partners is the majority shareholder of Vasco SAF, and Wander is one of the main representatives of the group in negotiations and strategic decisions. There are still no details about possible impacts of the case on the company's management or activities related to Brazilian football.

The case is ongoing in the American justice system, and new hearings are expected to take place in the coming weeks.

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This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.