A federal grand jury this week indicted Andrew Wiederhorn, the former chief executive of the company that owns the Fatburger and Johnny Rockets restaurant chains, on federal charges alleging a $47-million "sham loan" scheme.
Company money — categorized as "shareholder loans" — was disbursed to Wiederhorn and his family "for their personal benefit," according to the indictment. Some of that money went toward private-jet travel, vacations, a nearly half-million-dollar Rolls Royce Phantom, other luxury automobiles, jewelry and a piano. |
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