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home / news releases / fat brands calls federal indictment unprecedented un

FAT - FAT Brands calls federal indictment unprecedented unwarranted unsubstantiated and unjust

FAT Brands Inc.

2024-05-10 16:25:19 ET

Shares of FAT Brands ( NASDAQ: FAT ) took a beating Friday and closed more than 28% lower following a federal grand jury indictment against the company’s executive chairman, former CFO and a tax advisor on multiple charges including an alleged scheme to conceal from the IRS $47M paid to the CEO in the form of shareholder loans. ...

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FAT Brands calls federal indictment unprecedented, unwarranted, unsubstantiated, and unjust
Stock Information
Company Name: FAT Brands Inc.
Stock Symbol: FAT
Market: NASDAQ
Website: fatbrands.com
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