Tuesday, May 12, 2015

Man charged with selling fake In-N-Out franchises in the Middle East

innout

Prosecutors say Craig Stevens, 55, started sending out emails in January 2014, telling people that franchises of the popular West Coast burger chain were available at $150,000 per location, with royalties costing $250,000 a year, the Los Angeles Times reports. This scheme brought in $4.27 million, charging documents say, and Stevens allegedly committed wire fraud last June by sending a counterfeit In-N-Out licensing agreement via email to an investor in Lebanon. He pleaded not guilty to charges of wire fraud on Monday, and is free on $10,000 bond. [Source]

I wonder if he sold the franchise to anybody in Kuwait as well?

Thanks Susan and Angel



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