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777 ponzi


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Just came across this...

British Basketball League operator has licence terminated over financial issues


. It comes following months of speculation about the financial state of the league since US-based firm 777 Partners invested £7million for a 45% stake in 2021, having bought the London Lions previously, taking their percentage to 50. 777 have come under increased scrutiny in recent months, following alleged unscrupulous business practices reported by Josimar, before London asset manager Leadenhall Capital filed a lawsuit that alleged that 777 co-founders Josh Wander and Steven Pasko were “operating a giant shell game at best, and an outright Ponzi scheme at worst”. 777’s attempted takeover of Everton football club – which has since fallen through – has put their business under the spotlight, while they have recently called in turnaround and crisis management experts following the lawsuit. Wander and Pasko have since resigned from their roles. 

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