Financing
Explaining the charges against Fat Brands Chairman Andy Wiederhorn
The creator of the owner of Twin Peaks, Fazoli’s, Fatburger and other chains was charged in a $47 million false loan scheme and sued by the SEC for misusing company funds. Here’s what we know.
Financing
Federal prosecutors accuse Andy Wiederhorn of misusing company funds
The chairman of Fatburger owner Fat Brands was accused of engineering a $47 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.