Alleged Hawaii concert scammer faces new federal charges in Phil - Hawaii News Now - KGMB and KHNL

Alleged Hawaii concert scammer faces new federal charges in Philadelphia

Marc Hubbard Marc Hubbard
PHILADELPHIA, PENNSYLVANIA (HawaiiNewsNow) -

The man authorities say was behind the 'Stevie Wonder blunder concert' in Hawaii is now facing federal charges in Philadelphia.

Marc Hubbard, 46, was indicted Tuesday on federal conspiracy and wire fraud charges. According to the federal indictment, Hubbard and his attorney Franklin Green conspired to defraud victims who thought they were investing in concert promotions. 

Hubbard and Green are each charged with one count of conspiracy and seven counts of wire fraud. The fraud scheme involved approximately $2 million, said United States Attorney for the Eastern District of Pennsylvania, Zane David Memeger.

According to the indictment, Hubbard portrayed himself as a highly successful concert promoter and falsely represented approximately $14,277,068 in ticket sales from July 2006 to January 10, 2008. He allegedly promised investors an approximate return of 25 to 30 percent on their investments with his company Sports Dimensions, Inc. (SDI).

The indictment says, instead of using the investors' funds for concert promotions, Hubbard used the money to pay earlier investors and to pay his personal and business expenses. In total, it is alleged that investors gave Hubbard approximately $2,125,000 to invest and only received approximately $326,500 in return. Hubbard allegedly took at least $1,798,500 from his victims and, of that amount, Green took approximately $333,000.

If convicted, Hubbard and Green each face a maximum sentence of 20 years in prison.

Hubbard is also accused of scamming the University of Hawaii in 2012 out of $200,000. In that federal case authorities say Hubbard convinced a Hawaii promoter he had connections with a former Motown Records executive who could secure Stevie Wonder for a UH athletics department fundraiser on Aug. 18.

The university paid $200,000 as a deposit, but later learned neither the singer nor his representatives authorized the concert. Prosecutors claim Hubbard received $120,000 of the deposit money, spending it on personal and business expenses.

If he's convicted in the Hawaii case, Hubbard could face 20 years in federal prison.

His Hawaii trial is scheduled for August, 26, 2015.

In a separate South Carolina case, Hubbard is accused of bilking investors out of $70,000, money that was supposed to go to a series of Alicia Keys concerts that never materialized. The South Carolina Attorney General's office charged him with forgery and securities fraud.

Records show in December of 2009, The South Carolina Securities Commissioner issued Hubbard a "cease and desist" order, telling him to stop soliciting money for the concert tours.

The South Carolina AG said Hubbard's company collected as much as $1.8 million from people over the last few years, even after other states including California, North Carolina and Nevada sent him similar orders to stop soliciting investments.

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