"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.