2022-02-23

Oh my!

This isn't something I knew of -

The Los Angeles Times reports Andrew Wiederhorn used money from Fat Brands to pay for personal expenses. The publication also reports federal law enforcement raided the home of his son, Thayer Wiederhorn, under suspicion Andrew Wiederhorn moved company money through his son's PayPal account. Thayer is the chief operating officer at Fat Brands. 

As of now, no charges have been filed against individuals or the company, but federal investigators have requested a search warrant for Andrew Wiederhorn's home, but it's unclear if a search has taken place.

The publication also reports roughly $5 million from Fat Brands or its subsidiaries was used to cover Wiederhorn's credit card balances between October 2017 and May 2019.

Andrew Wiederhorn's attorney, Douglas Fuchs of Gibson, Dunn & Crutcher, said Wiederhorn denies the allegations reported by the Los Angeles Times. Fuchs argues any loans involving Wiederhorn were legitimate and that Andrew Wiederhorn's tax documents had been appropriately prepared and filed by independent professionals.

"Despite our requests, the government has refused to provide us with a copy of the affidavit," Fuchs wrote in an email statement to Restaurant Dive. Beyond that, Wiederhorn's attorney wrote he is unable to comment on specific wrongdoing because the government has not provided a copy of the affidavit.

In its Tuesday 8-K filing, Fat Brands shared that U.S. attorneys and the SEC had requested, "documents and materials concerning, among other things, the Co

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