"A lot of the public interest and coverage in this case focused on what went wrong at the University of Hawaii.  From day one, we regarded the University as an institutional crime victim and focused our investigation on the suspects who received the money," said Bottom.  "Understanding that, 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.  In fact, the university officials we spoke to during this investigation were open, honest, and available to us – without precondition – throughout our investigation.”

The FBI says their investigation is ongoing and would not comment on other possible charges, but in court documents, the agency says there were other co-conspirators:  a European concert promoter named Helen Williams, and Sannise Crosby, who is reportedly in a relationship with Bareirro.  KITV contacted Crosby, who would not comment on the case.

Hubbard turned himself in to authorities in Charlotte, N.C. Thursday.  He is being held in federal custody awaiting his detention hearing on Tuesday.

Barriero pleaded guilty to the illegal interstate transfer of funds charge Thursday afternoon, which is a felony.

If convicted, Hubbard faces up to 20 years in prison.  Barriero faces up to 10 years in prison.

Statement from the University of Hawaii:

The University of Hawai’i welcomes the announcement today by the United States Attorney and the FBI that two individuals have been indicted by a federal grand jury in connection with what the university believes was fraud perpetrated upon it in connection with the failed Stevie Wonder concert.  The university expresses its sincere thanks to the United States Attorney and the FBI for their diligence in this matter.

While the university has been kept informed of certain developments in the case, there is much university officials have not been able to say, and still cannot say, so as not to interfere with the criminal investigation and pending prosecution.

As the United States Attorney and the FBI have stated, since the university reported this matter directly to the bureau in early July, the university and its officials have fully cooperated with the investigation.

President MRC Greenwood stated,  "I thank the United States Attorney and the FBI for their diligence in this matter.  We at the university have fully cooperated in this investigation, and we look forward to the criminal justice system proceeding to prosecute those charged.  The U.S. Attorney and the FBI have now confirmed that the university was the victim of a white-collar crime’. We trust that this will help the university move past the failed concert episode and move forward with its many important missions."

UH Manoa Chancellor Tom Apple said, "I echo President Greenwood's comments and add that I am glad that the United States Attorney and the FBI have today confirmed that no UH employees were a part of what we believe to have been a crime.  We look forward to refocusing our efforts and energies into fulfilling our land grant mission and helping Hawai’i."

"We’re grateful the indictment has been brought, we hope we receive some measure of restitution," concluded Greenwood.