SEC Targets Fatburger's Parent Co. In $27M Loan Scheme

By Anna Scott Farrell (May 10, 2024, 4:22 PM EDT) -- The restaurant company that owns Fatburger and Fazoli's made illegal loans to its director and former chief executive, who spent $27 million in company money on himself while skirting taxes and leaving the company struggling, the Securities and Exchange Commission told a California federal court Friday. ...

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