DOJ drops charges against Fat Brands, Andy Wiederhorn

The Ministry of Justice leaves the case to receive the case Fat brands And his chair Andy Wederhorn.

In May 2024, the company and Wederhorn were accused by a federal great jury in Los Angeles for other numbers of wire fraud, tax trafficking and other numbers Wederhorn claiming to be a $ 47 million “fake” loan plan.

On Tuesday, Federal Prosecutors Wiederhorn rejected all the charges against the other two people and the restaurant company owned by Fatburger, Johnny Rockets and Great American cookies.

Wederhorn has remained innocence since he was accused. He was convicted for more than a year in the federal prison for more than a year in the federal prison for offering a fake tax return for about twenty years ago and paid an illegal gift to a partner.

“I’m looking forward to focusing on the constant growth and success of fat brands behind us.” He said.

Wederhorn announced that the company’s securities and the stock market commission has been investigating it in 2023 as the CEO of Fat Brands. Fat Brands and Wederhorn did not solve separate civil complaints from the same alleged behavior causing accusations of the Ministry of Justice from the SEC.

The prosecutors also asked the federal court to have a pistol and ammunition against Wederhorn to reject criminal charges separately from being a federal criminal.

The return from Doj comes after the agency’s jolt after the second period of President Donald Trump. In March, the White House expelled the US lawyer Adam Schleifer, who pioneered the prosecution of Wederhorn in Los Angeles. Schleifer claimed later It was the result of a Smear campaign against Wiederhorn.

Despite the turnover, the Ministry of Justice in California Told to Oregon In April, Fat Brands and Wederhorn will continue to prosecute.

Months ago, the company donated $ 100,000 to Trump’s Opening Fund.

Fat Brands shares climbed 7% in the news on Wednesday morning. The stock has a market value of less than $ 43 million.