Hubbard was charged with wire fraud. He turned himself into authorities in Charlotte, North Carolina Thursday morning. A detention hearing will take place on Tuesday to determine whether Hubbard is allowed to travel to Hawaii on his own to face charges, or if he needs to be escorted by authorities. The grand jury indicted Barriero with a related offense of transporting $200,000 taken by fraud. Barriero will be in Honolulu District Court Thursday afternoon.
Federal officials say Hubbard told Barriero that he had relationships inside Stevie Wonder’s management to book the UH concert and that he was dealing with a close associate of Stevie Wonder who had approved the dates for the concert.
In June, UH wire transferred $200,000 to one of Barriero’s accountants in Florida. According to officials, $120,000 was disbursed to Hubbard who spent all of it on personal and business expenses unrelated to the Stevie Wonder concert. A Hawaii investor had previously transferred $50,000 to Barriero in May to secure the concert, $27,500 of which was transferred to Hubbard.
The indictment also alleges that in July, an authorized agent for Stevie Wonder reported that neither he nor his management had any knowledge of the concert. None of the $250,000 was transmitted to Stevie Wonder or his management.
If convicted, Hubbard faces up to 20 years in prison and Barriero up to ten years in prison.
See the original article at: KHON2 Local News
