PORTLAND — A former Portland businessman who was imprisoned for nearly 18 months for pension fraud is now the chief executive officer of a Los Angeles-based restaurant company and is hoping to raise $24 million by selling stock in his product.
The Oregonian/OregonLive reported that Andy Wiederhorn recently began a roadshow for FAT Brands, which is the parent company of the Fatburger fast-food chain.
He says he’s confident the famous 2001 Portland scandal that lurks in his past will not scare off investors.
Wiederhorn co-founded and led Wilshire Financial Services Group in the 1990s, but the group’s lenders yanked their financing, causing Wilshire to crash into bankruptcy.
