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Accused 'Stevie Wonder Blunder' con-man headed to Hawaii

By Lara Yamada
Published On: Nov 13 2012 07:20:00 PM HST

A South Carolina federal magistrate has released the man accused of scamming the University of Hawaii out of $200,000.

HONOLULU -

North Carolina Magistrate Judge David Cayer released Hubbard on $100,000 unsecured bond. He had to surrender his passport and has to wear a monitoring device.

"It is surprising on one level that they did catch it," said Tracy Meyers, who is an assistant attorney general with the Securities Division in South Carolina.

In the pages of court documents and brought to life online was the wheeling and dealing of a man named Marc Hubbard.

"He's been deceiving people in several ways for some time," said Steve Fulmer, an investigator, also with the AG's Securities Division.

Marc Hubbard can be found all over the internet.

Investigators said he was doing business in several states with several establishments, all the while leaving a trail of shady deals.

Court documents show he tried to solicit millions of dollars from potential investors in Arizona, Nevada, California, South Carolina, North Carolina and Hawaii.

Investigators say Hubbard promised investors big returns on club franchises and concert deals, such as Alicia Keys and Stevie Wonder.

"He was offering the opportunity to invest in something that would triple their investment within 18 months," said Meyers. The money would likely have come from ticket sales, but those concerts never happened.

By 2009, investigators in several states, including South Carolina, were on to him, realizing his sweet talking, shop talk helped blind victims until they'd paid up.

"He talks the language, he's very smooth," said Fulmer.

Last week, the FBI announced two indictments.

Hubbard's partner Sean Barriero pleaded guilty the same day.

He admitted he transferred UH's funds into his business account, and then dispersed the money.

And as for Hubbard, he's already faced bankruptcy, repeated charges of fraud, including allegedly scamming hundreds of thousands from investors an Alicia Keys concert.

Hubbard's arraignment has been set for Nov. 23 in U.S. District Court.

He's charged with wire fraud. If convicted, he faces up to 20 years in prison.

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