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.
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
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