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Trump Admin’s DOJ Appointee to Drop Financial-Crime Charges Against Onetime Portland Executive

LOS ANGELES COUNTY, CALIFORNIA, JUL 30 – The Justice Department dismissed charges related to a $47 million alleged sham loan scheme after leadership changes and the firing of the lead prosecutor, Adam Schleifer.

  • On July 29, 2025, the United States Attorney for the Central District of California filed a motion to dismiss all charges against Andrew 'Andy' Wiederhorn, FAT Brands Inc., Rebecca Hershinger and William Amon.
  • A federal grand jury in Los Angeles indicted FAT Brands and Wiederhorn in May 2024 on wire fraud, tax evasion, and other counts related to an alleged sham loan scheme.
  • The dismissed charges include federal felon possession counts against Wiederhorn, and prosecutors asked to dismiss charges for handgun and ammunition, while the SEC civil complaint remains pending as of April 10, 2025.
  • Shares of Fat Brands climbed 7% Wednesday morning as it has over 1,000 units in its development pipeline, 120 signed agreements year-to-date, and over 100 store openings anticipated.
  • On April 10, the SEC filed a motion to stay its case, pending the conclusion of criminal proceedings in the DOJ case, and the lawsuit may be dropped as well.
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NBC ChicagoNBC Chicago
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DOJ drops charges against Fat Brands, chair Andy Wiederhorn

The restaurant company and Wiederhorn were indicted more than a year ago for an alleged “sham” loan scheme.

·Chicago, United States
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Globe Newswire broke the news in on Wednesday, July 30, 2025.
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