Frisch’s alleges ex-treasurer embezzled $3.3M over years

CINCINNATI (AP) — The Cincinnati company behind dozens of Frisch’s Big Boy restaurants alleges a former assistant treasurer stole $3.3 million in a multiyear embezzlement scheme.

Frisch’s Restaurants Inc. accuses Michael Hudson of forging payroll and accounting records to funnel money into personal accounts. A lawsuit filed Monday in Hamilton County seeks full restitution.

Frisch’s says Hudson took responsibility and resigned. A message was left Tuesday at a phone number linked to his address. No attorney was listed for him in court records, and the number for his companies is disconnected.

Frisch’s says it notified law enforcement agencies, launched a special investigation and is adding checks and balances to its accounting systems.

The company owns 95 Big Boy restaurants in Ohio, Indiana and Kentucky. Twenty-six more franchised restaurants are operated by others.

 

©2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Categories: News, State News

Leave a Reply

Your email address will not be published. Required fields are marked *