A federal grand jury in Honolulu indicted Marc Hubbard, 44, of North Carolina with wire fraud in connection with a Stevie Wonder concert to benefit the University of Hawaii in August 2012, according to an announcement by the U.S. Department of Justice Thursday.

Click here for the full indictment.

The grand jury also charged Sean Barriero, 44, of Miami with a related offense of transporting $200,000 taken by fraud.

"The Honolulu FBI was contacted by the University of Hawaii on July 11, 2012 regarding what appeared to be a fraud involving the August 18th Stevie Wonder concert," said Honolulu FBI Special Agent in Charge Vida Bottom.  "The FBI followed logical investigative leads with the goal of tracing the missing money and collecting evidence to support criminal charges.”

According to the indictment, 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 of the concert.

As a result of communications with intermediaries in contact with Barriero, in June 2012, UH wire transferred $200,000 to one of Barriero's accounts in Florida -- $120,000 of which Barriero disbursed to Hubbard, according to court documents.  The FBI says most of the $200,000 UH sent to Hubbard and Barriero, for what they thought was an Aug. 18 fundraising concert for UH Athletics, is essentially gone.

The FBI believes the two spent the money to pay of debts and for other personal expenses, and that Barreiro also purchased a black Mercedes sports utility vehicle that is now in their possession.  It is possible a small amount of that expense will be recovered.

A Hawaii investor previously had transferred $50,000 to Barriero in May 2012 to secure the concert -- $27,500 of which was transferred to Hubbard.

The indictment further alleges that in July 2012, 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.

"... I am comfortable saying that the FBI found no evidence of any criminal wrongdoing at the University of Hawaii pertaining to the Stevie Wonder concert."

- Honolulu FBI Special Agent in Charge Vida Bottom