Overview

• Co-founder Joshua Wander and former CFO Damien Alfalla were charged in the Southern District of New York with wire fraud, conspiracy to commit wire fraud, and securities fraud, with Wander facing an additional conspiracy to commit securities fraud count.
• Prosecutors allege the scheme relied on falsified bank statements, misleading financials, and pledging assets the firm did not own to deceive lenders and investors.
• Alfalla has pleaded guilty and is cooperating with investigators, while Wander denies the allegations through his lawyer.
• Bonza, funded solely by 777 Partners, entered administration in April 2024 after creditors seized its aircraft, with employees left unpaid and most wages later covered by Australia’s Fair Entitlements Guarantee.
• Australia’s corporate regulator ASIC says it will not charge Bonza’s former directors, as the SEC separately files civil fraud claims against 777 Partners, affiliates, and co-founders.