Sardar Biglari's funds appear in Fat Brands Inc. federal indictment

This month’s indictment of the former CEO of restaurant company Fat Brands Inc. — owner of eateries such as Johnny Rockets , Fatburger and Twin Peaks — over an alleged scheme to conceal $47 million in “sham” loans has a San Antonio connection. San Antonio investor Sardar Biglari ’s investment fund, known as the Lion Funds , wired almost $1.7 million to a Fat Brands bank account Jan. 30, 2019.

Activist investor Sardar Biglari on ‘asinine actions,’ cigar-butt investing and protecting his turf The money was part of more than $5 million that Wiederhorn used from the Fatburger account to pay debts on the card, according to the May 9 indictment. The U.S. attorney in California accused him of using Fat Brands — which Wiederhorn founded and of which he serves as chairman — as “his personal slush fund.” Neither Biglari nor the Lion Funds are accused of any wrongdoing. Biglari Holdings Inc.

Source: News Formal (newsformal.com)

Biglari Holdings Inc. Fatburger American Express Johnny Rockets Steak N Shake Centurion Lion Funds U.S. Treasury Jack In The Box Inc. Ferrari Mercedes Benz Maxim IRS Securities And Exchange Commission Sardar Biglari Andrew Wiederhorn Martin Estrada Nicola Hanna Brian Hennigan San Antonio California U.S. Cracker Barrel Old Country Store Inc. Beverly Hills Rolls Royce Phantom Los Angeles Majestic Theatre Lion Funds Ex-CEO's Amex Black Card AMG G Twin Peaks

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