pr3viso
14083
612
2
https://ktla.com/news/local-news/prosecutors-say-former-head-of-fatburger-round-table-pizza-concealed-47-million-of-income-in-tax-evasion-scheme/
May 12, 2024 10:39 AM
pr3viso
14083
612
2
https://ktla.com/news/local-news/prosecutors-say-former-head-of-fatburger-round-table-pizza-concealed-47-million-of-income-in-tax-evasion-scheme/
purgruv
👍😁👌
DoodyDoop
We need to stop using large numbers and stay using "number of free school meals provided" "number of homeless helped off the streets" something more tangible to highlight how greedy these people are.
VinnyVeritas
that explains the smile...
seldombeaton
And how much were his employees being paid during that time?
NotASpeckOfCereal
And yet he complained about minimum wage
SpaceHaggis
Gotta pay them taxes
tresloin
Straight to jail.
circlebreaker
GlenL
It should also be clarified that this wasn't part of his compensation, it was money that he had embezzled from the company
CoarseAndSalty
God even if it was that's not less of a problem for those companies.
nemocares
A true entrepreneur.
mikeatike
Welcome to Farburger. Home of the... tax evasion.
wadatahmydamie
This explains why Round Table charges $40 for a small
crackblind
And this is why Republicans want to defund the IRS.
SJSHARPei
Why not pay your damn taxes (he’s obviously not hurting for money) and lobby the government to not spend it on wars and oppression but instead of useful social programs and infrastructure? Oh because greedy assholes don’t think that way ;(
iCommunicateInGifs
mardukkur
Glenn "Big Baby" Davis just got 40 months for an insurance fraud scheme that amounted to a typical Wednesday in Donald Trump's organized crime ring. Meanwhile Brett Favre is still walking around free after stealing nearly a million dollars earmarked for anti-poverty efforts.
hotdudecurator
Ooooh damn. This dude is about to pay a fine he can easily afford.
Pizza0Style0Burrito
SithElephant
Rookie move. First you make it legal.
hellospacemonkey
Rich people deploy tens of accountants to steal from USA. Pure Greed. Fuck Donald Trump because he's the best at stealing. Pay your taxes and get on with what you want to do in life.
metroid2
That guy looks like he would try to sell you an extended warranty on a pencil
MapleSyrupMafia
A fukken pencil!
CyanideBreathMint
You have no clue how many times my mechanical pencils extended warranty has saved my ass! ;)
gtollie
Ohh .. looks like you sharpened it on your own, that invalidates the warranty! 😜
SubTrout
Eraser available with activation an auto-pay installments to premium upgrade!
TI99Kitty
Oh, you're left-handed? I'd better add in the left-handers' fee... What's that? You're not left-handed? Okay, that'll be the right-handers' fee, then.
mckjm2
Wow, the rich are corrupt POS's, who'd have thought!?! /s
eastend666
Is he running for office? Because, I say let's elect him. /s
CallMeMcGyver
Smile like a moron you proud grinning tax cheat… that shit eating grin is the heart of their pride in taking advantage of society and not paying their fair share… Fuck everyone, they got theirs and they will take more and more until they own it all… fuck society, fuck their employees, fuck their customers and most of all fuck this oppressive American democracy for not being a fascist oligarchy that rewards people like them for being scumbags.
forelle
I'd like to imagine a world where assholes like this would be unable to stay at every second restaurant or bar, because people know thwir faces and won't serve them. If you justice system doesn't get them, give them social punishment instead.
quietwalker
When I lived in California, I ordered pizza from Round Table once. The delivery guy handed it to me sideways. The watery sauce and what was supposed to be cheese was in a pool on one side, and all but the outer crust had dissolved into the cardboard. Basically it was a soggy cardboard box someone had dumped flour, hot fat, and water into. I literally couldn't eat it.
So screw this guy for giving me a lousy pizza once, 25 years ago! *flips him off*
mt77932
Sounds like a pizza place that was near my house when I was a kid. Pizza hit the floor while dad was carrying it from the door to the table because the grease and watery sauce had soaked through the cardboard.
dingo8yrbaby
Must have been a one-off. I also lived in California and loved Round Table Pizza. But then... that was back in the latter part of the 20th century. KFC also used to be good at one time.
PoliticalWanderer
And this prick has the gall to whine and complain about how he has to raise prices because of changes in the minimum wage while he embezzles 47 million to buy Rolls Royces and such.
Lethous
This is why that IRS audit funding is so important, why the lobbying against it has been so fervent.
leodavinci1
As has been pointed out many times elsewhere, the nearly equivalent cost of such food in franchises in other parts of the world indicates he is ignorant or lying. Either reason indicates Weiderhorn wasn't fit for the position he held.
SubTrout
As often said, it's not that we can't afford to feed the poor, we can't afford to appease the rich. They have everything they could ever want and it's never enough.
Higure
They can never have enough.
Asadsadsadclown
I was under the impression that Magic Johnson was the owner of Fatburger, is he not anymore?
Higure
Owner and CEO are different things.
Asadsadsadclown
True but they are often the same. Board members are everyone with a significant stake, ceo's are often jsut board members that have been elected into the position. Magic's LLC had a 70% stake (which it looks like they sold in 2003).
Asadsadsadclown
Ah looks like he sold most of his stake in 2003. His investment group owned 70% of the business.
nickasaurusrex83
So, he managed to conceal $47m to avoid tax, how much was he paid that he did admit to AND how much tax did he pay on that? The article wasn't available in the UK.
welluhwhatdoyouwantmetosay
He wasn't just avoiding tax, he was embezzling funds. He and his family got loans from the company (without informing the board) without interest or a payment reschedule, and had no intention of paying them back. This was a publicly-traded company, so big jail time is incoming.
fbutt09
There’s two types of law - one for the rich to buy and one for everyone else.
QuintinParry
About the Only Rule that exists is rich people can't steal from even richer people.
MeatPopsicleMultiPass
Wonder if he got some PPP loans forgiven too.
KennyBlankenshipandVicRomano
Yeah I've heard that one before, I'll wait until he's behind bars... and then I'll wait 10-15 years that he's still inside before I'll say a modicum of justice has been done... I'd bet a tenner he gets off with a light sentence and serves only a small fraction of it.
Thornaxe
Nah. He defrauded INVESTORS. Which are a preferred class of Americans.
KennyBlankenshipandVicRomano
After living through 2008 and seeing banks and corporations defraud fucking everyone, including other banks and corporations (and by extension, millions of rich investors) and only one guy got prison time? I’m still skeptical
mcodger
and will never pay it back