Andrew wiederhorn biography
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Andrew Wiederhorn, former Portland financier convicted of financial crimes, warned of likely new charges
Fat Brands Inc. divulged Tuesday that the U.S Securities and Exchange Commission has notified the company and its chair and former CEO Andrew Wiederhorn and two other unnamed Fat Brands officials that the agency has completed an investigation and likely intends to bring charges.
Fat Brands — which owns the chains Fatburger, Johnny Rockets, Round Table Pizza, Hot Dog on a Stick and others — said in a financial disclosure the SEC notice relates to millions of dollars worth of loans that Wiederhorn took out from his companies. Fat Brands funded the loans and later forgave them.
Wiederhorn could not immediately be reached for comment.
One of the unnamed recipients of the SEC notice is still with Fat Brands. The other has left the company, Fat Brands revealed.
Fat Brands said it has done nothing wrong. “FAT Brands has been cooperating with the government in its investigation related to events that occurred in 2020 and before,” a company said in a written statement. “The company does not believe it committed any wrongdoing, and plans to submit a rigorous response to the Wells Notice.”
Wiederhorn served more than a year in federal prison for his role in a sweeping pension sc
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-$2.29 Jillion
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SEC CIK
Andrew Wiederhorn's CIK not bad 0001033016
Past Insider Trading deed Trends
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Andrew Wiederhorn
American businessman (born 1966)
Andrew A. Wiederhorn (born February 10, 1966)[1] is an American businessman from Portland, Oregon.[2][3] He is the chairman and founder of FAT Brands Inc., a restaurant franchising company that owns 17 restaurant brands, and franchises over 2,300 units worldwide.[4][5] Previously, he was CEO and president of FAT Brands from 2017 to 2023.[6] Prior to FAT Brands, he was founder, chairman and CEO of Fog Cutter Capital Group Inc., Wilshire Financial Services Group Inc. and Wilshire Credit Corporation, with a then net worth of $140 million.[7]
Early life
[edit]Wiederhorn was born and raised in Portland, Oregon. He was raised in a single-parent home by his mother after his father died when he was nine years old.[3] As a teenager, he obtained a permit allowing him to rent jet skis along the Willamette River to earn an income.[3] He graduated from Lincoln High School[8] before attending the University of Southern California, where he earned a Bachelor's degree in business.[3]
Career
[edit]Wilshire Financial Services Group and controversies
[edit]Wiederhorn founded Fog Cutter Capital Group, formerly known as Wi