The CEO of a major Wendy's franchisee used funds meant to keep workers employed to fund a newly-purchased home, according to a lawsuit from a former vice president at the company.A lawsuit claims that the CEO of The Starboard Group — a franchisee that owns 100 Wendy's locations —used $1 million in Paycheck Protection Program loans to fund a newly-purchased home in Montana.
On June 30, The Starboard Group's former vice president of legal affairs and human resources Sandi Adler filed a lawsuit against Starboard, as well as CEO Andrew Levy and officer Kevin Holbrook. Starboard is a major Wendy's franchisee based in Florida that runs 101 locations of the fast-food chain in seven states, according to the company's website.
CEO Levy diverted roughly $1 million in funds to finance a recently-purchased house in Montana, according to the complaint. Adler says in the complaint that Levy told her to tell creditors, landlords, vendors, and suppliers that the company had not received PPP funding and therefore could not meet its financial obligations. When Adler complained about Levy's orders to Holbrook, her superior at the company, she says he fired her.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
That's what this was for, right?
This is outrageous! What kind of crap house is he going to build with only a million? What a waste
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Donald Trump and Kanye West's unlikely friendship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Bevis and butthead CNN MSNBC IdiotInChief You mean Dumb and Dumber
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Regeneron's 32-year history, race for coronavirus drug - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. How far are they ?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lawsuit alleges Wendy's franchisee spent $1 million of PPP funding to finance homeA former employee of Starboard Group, a large Wendy's operator, alleges that the franchisee's chief executive diverted $1 million in Paycheck Protection Program loans to finance his home in Montana. Why don't you all report on something a little bigger then this. petition to stop fraud china stocks: SEC round table: Of course it did. I wonder overall how much of the money was actually used for payroll and business expenses and how much was pocketed by wealthy people.
Source: CNBC - 🏆 12. / 72 Read more »
Lawmakers and Transportation Secretary’s family-owned business collectively received millions of dollars in PPP loansThe Trump administration issued a ‘blanket approval’ ruling in mid-April that allowed lawmakers to avoid an ethical review for potential conflicts of interest when applying for a PPP loan. I want my 10k By 'lawmakers' you mean the Senate Majority Leader Seams like you burried the lead there That’s why they didn’t want to publish...figures
Source: MarketWatch - 🏆 3. / 97 Read more »
Pro-Trump lobbyists worked with firms that received small business relief loansTwo businesses got millions of dollars in government coronavirus relief loans as a group of pro-Trump lobbyists actively worked on their behalf. interesting This is not a a surprise. They are going to call it as little inefficiencies in giving out loans.
Source: CNBC - 🏆 12. / 72 Read more »