Leadenhall-Capital-Partners-LLP-v-Wander-Pasko-777-Partners-etc.pdf
Lawsuit Claims 777 Partners “Operating a Giant Shell Game at Best and an Outright Ponzi Scheme at Worst”
The lawsuit named a number of 777 companies as defendants, such as structured settlement receivables servicer SuttonPark Capitalk LLC, and called out 777 cofounders Josh Wander and Steve Pasko, individually, claiming they were “operating a giant shell game at best, and an outright Ponzi scheme at worst.” Plaintiffs have to prove their allegations.
Source: Leadenhall sues 777 Partners & related persons/entities over collateral fraud – Artemis.bm
777 Partners’ SuttonPark Capital LLC (SPC) is an independently owned investment firm that specializes in the origination and structuring of esoteric investment-grade assets. 
Since its inception in 2010, SuttonPark Capital has emerged as the leading wholesale aggregator and servicer of structured settlements in the United States. SPC’s core competencies include the sourcing, underwriting, and servicing of high-quality long-term cash flows including structured settlements, annuities, and lottery winnings. SPC applies its expertise to help institutional investors achieve their required return, risk, and duration objectives.
Update December 22, 2024
Mass layoffs at SuttonPark in May 2024 sparkecaused what can best be described as a fulminating humanitarian crisis for payees dependent on their payments, who were forced to do business with SuttonPark when they made partial sales of structured settlement payments they were receiving. The Structured Settlement Watchdog began receiving calls in June 2024 which reached crisis levels in November 2024. We learned that 777 Partners, SuttonPark entities and Wander & Pasko were sued by ING Partners LLC in October 2024. See my December 15, 2024 blog ING v 777 Partners, SuttonPark Capital et al. Complaint Filed 10/17/2024, A Month Before Hell – Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews,
Hideous Headlines about 777 Partners and lawsuits
- Everton takeover threat as potential buyers 777 accused of ‘Ponzi-scheme’ fraud (msn.com)
- Everton FC Buyer Accused of Fraud, Double-Pledging Assets in Lawsuit (insurancejournal.com)
- Insurers sue rating agency over exposure to Everton bidder 777 (ft.com)
- US regulators push insurers to cut exposure to Everton bidder 777 Partners (ft.com)
- Bonza & Flair Investors 777 Partners Accused Of Running A Ponzi Scheme (msn.com)
- 777 Partners’ Suspicious Airline Investments (Flair & Bonza) – One Mile at a Time
- Owner Of Multiple Airlines A Giant Fraud, Moving Money Around And Siphoning Cash? [Roundup] – View from the Wing
- Potential Everton Buyer Accused of Enormous Fraud in Lawsuit – Benzinga
- Fresh Everton takeover fears as 777 Partners named in 16 ‘unpaid debt’ lawsuits (msn.com)
- SuttonPark Capital – OffshoreAlert
About the Header Photo and Caption “Is it 777 or 666?”
The AI-generated header photo is a satirical mash-up tying together the post’s title and the headlines that sparked it, spotlighting allegations against Wander, Pasko, and 777, investments in pro soccer teams, Australian airlines (and their planes), and supposedly overpledged assets. With 666 as “the Devil’s number,” the cheeky question “Is it 777 or 666?” nods to the frustrations of SuttonPark victims, whose saga I’ve chronicled after donating over 25 pro bono hours in late 2024 and early 2025 due to abysmal communication. For those facing late payments and uncertainty, it was anything but heavenly.
Last updated October 4, 2025