The New Jersey couple who raised $400,000 through GoFundMe for a homeless man who, they say, gave them his last $20 a year ago allegedly made up the story as part of a scam that all three of them were in on, according to a report.
McClure and D'Amico have reportedly turned themselves in but Bobbitt remains at large.
All three are charged with second-degree theft by deception and conspiracy to commit theft by deception. Mark D'Amico and Kate McClure gave Johnny about $75,000.
"Less than an hour after the GoFundMe campaign went live, McClure, in a text exchange with a friend, stated that the story about Bobbitt assisting her was 'completely made up.' She did not run out of gas on an I-95 off-ramp, and he did not spend his last $20 to help her".
That campaign eventually raised $400,000, from people eager to help the homeless man with the heart of gold.
Burlington County prosecutor Scott Coffina, who planned the news conference, declined to provide further details about the announcement or whether criminal charges would be brought.
Bobbitt accused the couple of dipping into the funds for personal expenses and sued them over mismanagement.
Burlington County prosecutors said they would not discuss the case until Thursday afternoon.
An attorney for the couple said that $200,000 had gone to Bobbitt - but a superior court judge said that McClure and D'Amico had "misadvised " the attorney and there actually was no money left.
In September, officers raided the couples' home, seizing the BMW, financial statements, along with jewelry and cash. For its part, GoFundMe promised all the money would go to Bobbitt as intended.
In response, McClure and D'Amico appeared on the "Today" show, where they told then-host Megyn Kelly that they gave Bobbitt $25,000 and he blew through it in under 13 days on drugs.
According to a report at NBC Philadelphia, the entire Johnny Bobbitt story was a scam from the beginning.