Have you ever loved a book so much that you would do anything to own something related to it? Well that’s the position of a bunch of diehards Harry Potter fans reunited after being accused of embezzling $190,000 to buy a boat named “Expelliarmus”.
For anyone unfamiliar with all things Harry Potter, Expelliarmus is the name of a spell widely used to disarm wizards throughout the series of books, films, plays, posters, t-shirts, and everything JK Rowling is whipping up this week. . It was commonly used to cause opponents to lose their wands.
Now that catchy coined word is also the name of a luxury yacht at the center of a major fraud investigation.
According to Chicago Sun HourWilliam A. Kowalski has confessed to conspiring with two other people to embezzle at least $190,000 to purchase said luxury yacht.
The other two included her brother, Robert Kowalski, and former Washington Federal Bank For Savings president John Gembara.
The media reported:
“In July 2007, the trio purchased a Sea Ray 420 Sundancer boat named ‘Expelliarmus’ – a reference to a disarming spell featured in the ‘Harry Potter’ books and films.
“Robert Kowalski instructed Washington Federal to issue a check for $190,000 that month payable to his brother to be used as part of the down payment, the document states. William Kowalski “never executed any documents” necessary to legitimately obtain the money, he said, but he “came to understand” that his brother was able to obtain it because Gembara “used his position to the Washington Federal to obtain the funds without supporting documentation”. ‘.”
William Kowalski confessed to the charges and later reached a two-year deal with lawmakers called a Deferred Prosecution Agreement.
the Chicago Sun Hour reported that the deal was for a larger investigation into the disappearance of the Washington Federal Bank For Savings. If Kowalski cooperates with officers investigating the case and continues to pay restitution, prosecutors should drop the charges against him.
According to court documents relating to the deal, William Kowalski “never intended to repay that $190,000” the trio borrowed from the bank.
The three men also signed other contracts in order to obtain more than $200,000 from the bank to finance the purchase of the yacht. The agreement to purchase the boat in 2007 valued it at over $400,000.
William Kowalski made no refunds on the boatbut reportedly said he expected his brother or Gembara to foot the bill.