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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Trump admin’s DOJ appointee to drop financial-crime charges against onetime Portland executive
The U.S. Department of Justice will drop financial-crime charges against former Portland business executive Andrew Wiederhorn, court records show, a reversal from plans just months ago to continue the prosecution after President Donald Trump personally fired the assistant U.S. attorney leading the case.
·Portland, United States
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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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U.S. Department of Justice Drops All Charges Against Andrew Wiederhorn, FAT Brands, William Amon, and Rebecca Hershinger
LOS ANGELES, July 29, 2025 (GLOBE NEWSWIRE) -- The United States Attorney for the Central District of California has filed a motion to dismiss all...
Coverage Details
Total News Sources14
Leaning Left4Leaning Right1Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 36%
C 55%
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