Fat Brands, chair Andy Wiederhorn indicted in $47 million 'sham' loan scheme
FATFAT Brands(FAT) CNBC·2024-05-10 23:40

Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks. Fat Brands, Wiederhorn and a few other people were criminally indicted by a federal grand jury in Los Angeles for wire fraud, tax evasion and other counts related to the alleged scheme. In a separate civil complaint, the Securities and Exchange Commission accused the company and ...