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BullNBear52

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BullNBear52

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Friday, 05/10/2024 6:02:17 PM

Friday, May 10, 2024 6:02:17 PM

Post# of 222193
Fat Brands stock craters after company, chair Andy Wiederhorn charged in $47 million ‘sham’ loan scheme
PUBLISHED FRI, MAY 10 202411:37 AM EDTUPDATED AN HOUR AGO
https://www.cnbc.com/2024/05/10/fat-brands-chair-andy-wiederhorn-indicted-in-47-million-loan-scheme.html

KEY POINTS
Fat Brands and its chair Andy Wiederhorn were indicted for a “sham” loan scheme that netted him $47 million.
Wiederhorn, 58, stepped down as CEO last year following the company’s disclosure that the U.S. Securities and Exchange Commission was investigating him.
Fat Brands’ portfolio includes Fatburger, Johnny Rockets and Twin Peaks.

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