"On Tuesday afternoon McManus pleaded guilty to attempting to pervert the course of justice. This offence attracts a maximum sentence of 14 years' jail.
Previous charges of knowingly participating in a criminal group and attempting to gain a financial advantage by deception by claiming the cash was his were dropped....
....In 2012 McManus told the police that the cash was part of a business deal. Because of problems with the Australian Tax Office, McManus told police that he had arranged for a Mr Hanson, "a very good friend of a friend", to pay US$700,000 to secure a ZZ Top tour but now McManus wanted it back to fund a Lenny Kravitz tour.
"In essence, I delivered back 700 grand I now need to borrow it again. As quickly as possible," he said."
Billboard reports "The impresario, now aged 55, was taken into custody in Melbourne in September 2015 following a joint sting involving the FBI and local Melbourne police into alleged drug trafficking and money laundering." He is due back in court Aug 26 to set his sentencing date.