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Top related persons:
Andy Wiederhorn - 2 Wiederhorn - 2 Brands - 1 Smokey - 1 Smokey Bones - 1 Darden - 1 Johnny - 1 Brian Hennigan - 1
Top related locs:
Los Angeles U.S Wiederhorn Mexico Olive Twin Oregon
Top related orgs:
Fat Brands - 2 Brands - 2 SEC - 2 Securities and Exchange - 1 Hooters - 1 Olive Garden - 1 Fog Cutter - 1 Johnny Rockets - 1

Search resuls for: "Fog Cutter"


2 mentions found


☆ Fat Brands confidentially files to IPO Twin Peaks, Smokey Bones brands days after federal indictment
  + stars: | 2024-05-14 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
Fat Brands announced its intention to spin off Twin Peaks through an IPO last year. Since its founding in 2005, Twin Peaks has grown to nearly 115 restaurant locations in the U.S. and Mexico. Smokey Bones is a newer addition to Fat Brands' portfolio, which currently includes 18 chains. Fat Brands acquired it in September 2023, with the goal of converting more than half of its 61 corporate-owned restaurants into Twin Peaks locations. Wiederhorn has a 45% stake in Fat Brands through Fog Cutter Holdings, according to FactSet.
Persons: Brands, Smokey, Andy Wiederhorn, Smokey Bones, Darden, Wiederhorn Organizations: Fat Brands, Securities and Exchange, Brands, SEC, Hooters, Olive Garden, Fog Cutter Locations: Wiederhorn, Los Angeles, U.S, Mexico, Olive, Twin
☆ Fat Brands and chair Andy Wiederhorn indicted in $47 million 'sham' loan scheme
  + stars: | 2024-05-10 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +4 min
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. "These charges are unprecedented, unwarranted, unsubstantiated and unjust," Fat Brands counsel Brian Hennigan said in a statement. As chief executive of Fat Brands, Wiederhorn, 58, allegedly directed the company to loan its own funds to him, with no intention of ever paying the "sham" loans back, according to the indictment. He also did not report any of the so-called loans from Fat Brands as income, according to the indictment.
Persons: Andy Wiederhorn, Johnny, Brian Hennigan, Wiederhorn, overreach —, Nicola Hanna, Wiederhorn's, Thayer, Ron Roe, Rebecca Hershinger, William Amon Organizations: Brands, Johnny Rockets, U.S . Securities, Exchange Commission, Fat Brands, SEC, Fog, Wiederhorn Locations: Los Angeles, Oregon, U.S
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