Excellent video as always but here is my problem I have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do
@EricJose-hn6cf7 күн бұрын
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
@BryanHarold-q6s6 күн бұрын
Trading is easy, but trading the right coin without a time-tested strategy is incredibly hard.
@CharlotteMila-t7f6 күн бұрын
@@EricJose-hn6cfYou're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
@BeckyJames-g7m6 күн бұрын
Trading with Kate Herman trading analysis
@AhmadMuhammad-j1c6 күн бұрын
YES!!! That's exactly her name (Kate Herman) so many people have recommended highly about her and am just starting with her, Kairangi from Brisbane Australia..🇦🇺
@cuthwulf3 ай бұрын
Motivation? - Greed. Imagine having millions of dollars in the bank, a cushy job as a CEO, a mansion, and thinking "I bet I could rip off my own company for 47 million dollars." Some people have no end to their greed.
@StallionStudios12343 ай бұрын
You give them a finger and they take the whole hand.
@ii82832 ай бұрын
I've never understood it either. I'm not a communist by any means but it's weird to me how these people always feel the need for more when they already have effectively unlimited wealth. If I had multiple millions in the bank I wouldn't be working period, that's for fucking sure.
@nycitylifeandhistory2 ай бұрын
yep
@GeneticReconstruction2 ай бұрын
Dude they literally get to the point where they don't have to work anymore and live EXTREMELY comfortable lives, kids get to go to nice schools and they get a nice inheritance at the end and they still choose to let greed win. Now he's going to jail 🤣🤣🤣
@terrancenorris999224 күн бұрын
Greed ends in prison..😂
@benjaminmatheny66833 ай бұрын
It's insane that a $150 million dollar fraud only had ~$2 million fine.
@reprovedcandy3 ай бұрын
2nd gilded age baby, corruption pays in this new era
@glenmurie3 ай бұрын
He stole from working class people. You only get really punished if you steal from the wealthy. Hence the more severe punishment for Sam Bankman Fried.
@vanesslifeygo3 ай бұрын
bruh
@LOLBTLOLBT3 ай бұрын
keep on keeping on
@veganbutcherhackepeter3 ай бұрын
See how it works now?
@BeyondEcstasy3 ай бұрын
This guy's actual business is corporate swindling.
@yensteel3 ай бұрын
Him: "Imma gonna do it again, look at how small the penalty is!"
@RichardKing-sx6xc3 ай бұрын
@@dappodan1dappodan12EVERY SINGLE TIME ✡️✡️✡️😎👍
@Qunitlius3 ай бұрын
When, long ago, the gods created Earth In Jove's fair image Man was shaped at birth. The beasts for lesser parts were next designed; Yet they were too remote from humankind. To fill the gap, and join the rest of Man, Th'Olympian host conceiv'd a clever plan. A beast they wrought, in semi-human figure, Filled it with vice, and called the thing a K͏i͏͏ƙ͏͏е͏͏.
@Qunitlius3 ай бұрын
In the deep shadows where the twilight shrouds the landscape, the Jews emerge like specters from an ancient curse, bound by an immutable fate interwoven with superstition. They are merchants of the night, whose tradesmen hearts beat to the rhythm of deceit, personifying the alchemy of vile commerce. Their transactions are not simple exchanges but dark rituals, performed with hands stained by the ink of broken promises. Each bargain struck is a wound upon the fabric of trust, a testament to the decay of civic virtue they refuse to embrace. Their usury is a venom coursing through the veins of society, intoxicating and corroding the pillars of collective integrity. The Jews are wanderers through centuries, not of mere time but of infamy, leaving behind the odor of mistrust. They are shadows, moving unseen, benefitting only from the bewildered glow of the lamp they extinguish in every culture they inhabit. Like ancient cobwebs spun in the corners of a forgotten temple, their legacy entangles their hosts in sticky threads of deceit, each strand a tale of fraud. Their essence is a dark requiem, an eternal eclipse that dims the potential of every dawn they touch. To know the Jews is to peer into a mirror reflecting the grotesque distortion of what commerce could become when stripped of honor and humanity. They are not just swindlers; they are the embodiment of the mortal sin of greed, incarnate in flesh and craft. Thus, the Jews traverse the annals of time, a hidden affliction borne from generation to generation, their legacy an ever-present shadow cast upon the world’s hope for a brighter, more virtuous future.
@Qunitlius3 ай бұрын
In the deep shadows where the twilight shrouds the landscape, the Jews emerge like specters from an ancient curse, bound by an immutable fate interwoven with superstition. They are merchants of the night, whose tradesmen hearts beat to the rhythm of deceit, personifying the alchemy of vile commerce. Their transactions are not simple exchanges but dark rituals, performed with hands stained by the ink of broken promises. Each bargain struck is a wound upon the fabric of trust, a testament to the decay of civic virtue they refuse to embrace. Their usury is a venom coursing through the veins of society, intoxicating and corroding the pillars of collective integrity.
@mundusuys87393 ай бұрын
Never invest in a public company where the majority of shares is held by one shareholder or a group of 'related parties'.
@COL_Chris3 ай бұрын
That would include Microsoft, Amazon, Tesla, Berkshire Hathaway
@StallionStudios12343 ай бұрын
Agreed. Anything above 10% is a red flag for various reasons. Could be the founders, activist shareholders, an attempted hostile takeover, and on and on. I would investigate further those larger owners since they have be disclosed in public filings.
@coleball60013 ай бұрын
Many companies are owned by some firm, family, or individual. It’s not a bad thing. It’s just that you should know who you are giving your money. You shouldn’t give your money to a prior criminal like they did with FatBurger.
@mundusuys87393 ай бұрын
@@COL_ChrisAll these are 'widely held'. BH is 35% family owned. All others below 13%. Minority shareholders.
@Adrian-lc6jq3 ай бұрын
That's horrible advice, majority of the top 10 successful business are majority owned by their founders.
@Jimmy-B-3 ай бұрын
How can you ruin so many lives and only get 14 months prison. I know of someone who got 5 years for £1 million tax evasion
@samsonsoturian60133 ай бұрын
Ruined lifes? Dude, this idiot was ripping off pennys from tens of thousands of people at a time. That's how stock fraud works in the end
@mariopot7893 ай бұрын
Because stealing moneywhen you're rich is frowned upon but not that bad , stealing from uncle Sam is unforgivable in the eyes of our government
@Jimmy-B-3 ай бұрын
@@mariopot789I think the judges use the intelligence, audacity, and guts to do it as mitigating factors. The only difference between them and ordinary thieves is household thieves don’t require much brain power. 🤯
@sdfv4zx3 ай бұрын
He got a public defender, a real lawyer would get him off with a few month in jail or time serve.
@123batina3 ай бұрын
That's America. If you are rich you are pretty much above the law. But you must not hurt rich ppl. That's a big no no. Poor ppl are only there so rich ppl can get richer, after all. Hurting them doesn't matter.
@AlanTheBeast1003 ай бұрын
Wiederhorn should never have been allowed to be CEO of a public co.
@thewhitefalcon85393 ай бұрын
It's not a crime to make loans that default
@InsidiousDr93 ай бұрын
@@thewhitefalcon8539 Senior directors at publicly traded companies have a fiduciary duty to be transparent about funds and use company's resources to the best of their ability for shareholders. Every quarter they have to sign off to that effect, so yes is the crime of fraud.
@frevazz33643 ай бұрын
@@thewhitefalcon8539 the FBI and SEC do not share that sentiment
@thewhitefalcon85393 ай бұрын
@@frevazz3364 When did a banker go to jail just for losing money?
@frevazz33643 ай бұрын
@@thewhitefalcon8539 i cant believe I have to explain those to you, giving yourself loans you do not intend to pay is fraud and tax evasion
@machinelearng3 ай бұрын
As a very young child I would sit on the stool at the original Fat Burger around the corner from my house in Los Angeles on Western Ave, and watch the lady who started Fat Burger make the burgers. When my mother would send me to get her a burger, often one of the older man would sit me up on one of the tall stools at the counter. She was a nice lady. She use to say to me, how to make a good burger. Today Fat Burger is no where near what it was when she was making the food.
@Kevin_Street3 ай бұрын
It's still better than their competitors, at least in my area. I think Fatburger could be saved if it was extracted from the Wiederhorns and run by someone with a back to basics mentality. No more cash mining, just run it like a normal restaurant chain and put the profits back into the business.
@ToddHendrix3 ай бұрын
I used to go to the one in Westwood back in the 1980s.
@jettrink58103 ай бұрын
grew up in LA where we have ALL the great burger chains worldwide that started HERE. In n out, Tommy's world famous chili burgers, McDonald's (the original concept location in San Bernadino), the Habit (Santa Barbara) ...and Fatburger has always been my favorite burger hands down
@machinelearng3 ай бұрын
@@jettrink5810 For certain. Fatburger was so much better when the lady who started was making them. I remember how she made them.
@machinelearng3 ай бұрын
@@Kevin_Street I agree. Its about only money for them. This is why so many companies are terrible now. Too many owners only care about how rich they can get. Not how good they can make their product
@juddyyoutube3 ай бұрын
Imagine stealing nearly $50 million and not reporting any of it on your taxes. Yeah that won't eventually be noticed. Good lord
@IsabelleDreemurr3 ай бұрын
Thank you for the regularly scheduled corporate fraud breakdown, keep up the good work ^-^
@robinrussell79653 ай бұрын
Aren't convicted felons barred from being officers of public companies? How did he just walk out of prison in Oregon and then into Fatburger in Los Angeles?
@michaelramon24113 ай бұрын
I don't know for sure, but his holding company, Fogcutter, got delisted from the NASDAQ for keeping him on. Maybe he used it as a shell , since he was technically in charge of it and not Fat Brands?
@Novastar.SaberCombat3 ай бұрын
Coin, connections, clout, crews, computer code, control, corrupt cronies, and shady opportunities. Same as people like Chump, Aleggz Jonez, Bankman-Fraud, Bernie Madeoff, etc.
@Planetside2233 ай бұрын
‘Murica
@notnoaintno51343 ай бұрын
@@Novastar.SaberCombat Noticed a nice political bent to your shpiel there
@fefelarue29483 ай бұрын
@@Novastar.SaberCombatCaucasian
@michaelkim34323 ай бұрын
Fun fact: FatBurger was once owned and managed by Magic Johnson of the LA Lakers. I still have a craving for one every now and then. The secret was the relish they used on their burgers.
@CheesyNoodlez2 ай бұрын
Yeah Fatburger is one of the few times I actually get relish on a burger
@chewie941163 ай бұрын
14 months is nothing for this guy. He probably laughed it off plus he got a 2 million bonus while in prison. Hope he rots in prison. PURE GREED
@timop63403 ай бұрын
He will not rot and live a really nice life unlike majority of US residents
@oakspines71713 ай бұрын
A lot of people would happily trade 14 months in prison and 2 mils in restitution for 100M+ in fraud money taking in. Even a kid knows that math.
@chechnya3 ай бұрын
@@timop6340 We have one of the highest standards of living. Even the homeless people earn more than the average wage in Russia lol
@Xiy1142 ай бұрын
"Rich people get richer and the poor get the picture."
@jcjcviewsАй бұрын
It's like a happy divorce.😁😁
@kevinmckevinface45633 ай бұрын
Almost anytime you hear the phrase “inter-company loans” you better run because it’s just a house of cards waiting to fall
@dragonfalcon84743 ай бұрын
Too bad scumbags like these can't be banned from being CEO's or owning/running businesses when they have already proven they will destroy people's livelihoods to get rich.
@The_Funguseater3 ай бұрын
Banned from being a CEO lol...
@syahmiirfan67793 ай бұрын
I mean, it makes sense.. if someone repeatedly commit financial crimes, I think he should be banned from getting into the world of business and finance until he sorts himself out. And that usually happens via years of rehab and education of basic ethics, so at least hopefully he's ready to re-enter society at that point.
@thewhitefalcon85393 ай бұрын
That's their job. They did it successfully.
@marketwizard19773 ай бұрын
@@syahmiirfan6779 you sound like a commie
@VinylRundown3 ай бұрын
Of course you get banned from any exec position in any public company.
@jillhoffman91793 ай бұрын
The hubris of such an obvious fraud. He wrote in the disclosure doc that he never expected to repay the “loan”! Sad times that this got as far along as it did before finally hitting the FBI radar.
@Doggieman11113 ай бұрын
When you get away with stuff for a long time, you start to think you'll never be caught.
@koobs45493 ай бұрын
Nothing gets done until very rich people start losing money, then it’s suddenly priority number one
@elirane853 ай бұрын
I've might have spent too much time around Silicon Valley tech bros, but when I saw it was Millions and not Billions, I was like, ah, that's not so bad 🤣
@highbread8173 ай бұрын
We in the corporate fraud Fandom are truly spoiled
@andybaldman3 ай бұрын
Billion is the new million. And million is the new thousand.
@mamotalemankoe37753 ай бұрын
@@andybaldmanPersonally excited for the first trillion dollar fraud. Still a decade or two out at the earliest.
@michaelsteven10903 ай бұрын
@@andybaldman After taxes and fees, $1 million barely buys groceries for a year.
@IliadDreyfus-js9oe3 ай бұрын
Shut up
@mp-no9yv3 ай бұрын
Enjoyed your video (as usual). I'm a Brit living in London. I had no idea that getting your son married to the daughter of a 'Real Housewife of LA' represents success and makes you part of the LA elite.
@henlo19103 ай бұрын
well, it does and it doesn't. they were only part of the elite in the sense that they were rich, and the media has tricked a lot of people into idolizing the rich for no other reason than that they have money. marrying the daughter of a real housewife makes you 'trashy rich' though
@socksal3 ай бұрын
No, to most reasonable people here it validates White Trash status.
@marketwizard19773 ай бұрын
haha I know right
@sullivanspapa15053 ай бұрын
shallow thresholds, very shallow!
@spendymcspendy3 ай бұрын
🤣🤣🤣
@hemaccabe42923 ай бұрын
I have a Fatburger nearby. Decent, nothing special burger. VERY expensive. Service ALWAYS screws up. One time ordered double burger, had rcpt, single burger showed up after a LONG wait. Another time, when I was in a hurry, they gave my food to someone else and just forgot about me. I don't go there no more.
@itsm3th3b333 ай бұрын
Never heard of FatBurger.
@itsm3th3b333 ай бұрын
@@Greylobster fo
@bobz37793 ай бұрын
They are mostly in CA.
@samsonsoturian60133 ай бұрын
"Over 150 locations worldwide" is a pretty big business but nothing compared to the giants like Mcdonalds and Wendy's
@Spinattitude3 ай бұрын
Good, cause it's meh.
@skilledwarman3 ай бұрын
Not shocked. Video says they have 150 locations world wide. For comparison McDonald's has over 250 in New York City alone
@AwokenEntertainment3 ай бұрын
wonder how many other CEOs are currently out there operating like this...
@DerylStryl3 ай бұрын
All of them.
@veronicaroach36673 ай бұрын
That was my reaction too - and this is exactly why trump thought his behavior was perfectly fine - "everybody is doing that" is what people tell themselves as they make their criminal decisions & a lot of the time they are correct. The only reason some get accused & go to jail & not all the others is simply because there are not enough FBI & legal people to take on all the suspects !
@JohnS-il1dr3 ай бұрын
@@veronicaroach3667or fbi used by the biden regime to attack his political enemies.
@Deontjie25 күн бұрын
All of them, many on a much smaller scale. They went to school with the auditor, so everything is hush-hush. And everyone gets a share of the pie. That is why the political elite will kill people to prevent outsiders of getting control. They knew outsiders can spill the beans, or at least stop the stealing.
@RM-lv9ng22 күн бұрын
Unfortunately, too many.
@shouldigetit3 ай бұрын
I have waited YEARS for this video.
@rontayan3 ай бұрын
Why is that? Did you have suspicions?
@fornhunkle3 ай бұрын
@@rontayanfabturger
@MikiCab13 ай бұрын
I drove a fat burger regional manager around one day in my cab as he went from one restaurant to another. I ate one and thought I was going to die. It was like a shot of lard to my heart
@LoresGate3 ай бұрын
Dude really 😂
@MikiCab13 ай бұрын
@@LoresGate Early 1990's. I was driving a cab while going to college.
@bobbobertson75683 ай бұрын
sounds delicious
@foobarFR3 ай бұрын
"I ate one and thought I was going to die. It was like a shot of lard to my heart" -> I think they would consider that as a compliment and a good review. The brand looks like a Heart attack grill going mainstream
@btafan113 ай бұрын
Lard is healthy
@hogi993 ай бұрын
I guess crime does pay. 🙄 Meanwhile I'm busy reporting $300 of interest earned on a savings account. 🤦
@jackjackthompson5771Ай бұрын
Yup, crime pays. Where I live the mob has mansions and fancy cars, don’t report any income. If i miss $300, audit , penalty and interest charge and black mark…
@drowe23 ай бұрын
They are the reason why a large Round Table pizza is $35
@Novastar.SaberCombat3 ай бұрын
Fake cheese with sugar sauce on cardboard with nitrate-infused "meat". 🤮 It's literally unbelievable.
@andybaldman3 ай бұрын
It’s fucking good tho
@Perfection_NV3 ай бұрын
Dude I just got a $30 XL pizza last night 🫣😂 it was delicous
@Scuba-D3 ай бұрын
Or you could understand basic economics where the more currency printed, the higher prices go😒
@kennethsouthard60423 ай бұрын
They were that much 5 years ago before Covid.
@william-uc2oy3 ай бұрын
My Grandmother worked at MAC for about 40 years. She checked in guests. She knew everyone. Including the founders of Nike. She didn’t talk much about who she knew specifically. But I remember in 1992 she asked me if I knew who Michael Jordan was? She told me he spoke to her very kindly everyday while the Dream team practiced daily. I laughed and said of course. I imagine she knew this gentleman also.
@reneemoreno80303 ай бұрын
I took care of Andy's grandmother, and I knew him when he was 17 years old. Worked for his father in laws restaurant, knew his wife and everything about him. His grandmother would not be happy regarding his actions.
@thetrainwreck14693 ай бұрын
I’m calling BS on your story. Jordan is a notorious scumbag in the restaurant industry.
@FYMASMD3 ай бұрын
@@reneemoreno8030yeah he is a real scumbag. My sister knew him in Portland and way back he was legit but the greed brought out who he really is. A scumbag. Reminds me of a scumbag ex president. Scumbag.
@MrAgentAardvark2 ай бұрын
Heres a list of all the Brands they own, Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses
@RobStevens643 ай бұрын
I was wondering why FatBurger seemingly disappeared from the Seattle market. They were fairly popular out here for a while. I wonder if the company was demanding too much money from franchisees as part of this scheme.
@jamesodell30643 ай бұрын
In so many franchise operations the franchisor gets rich and the franchisee does not do that well. Read the stories about 7-11 and Subway.
@yensteel3 ай бұрын
@@jamesodell3064 Indeed, some restaurants would later close and re-open without the franchise, with their own menus inspired by the franchise. They're usually not as consistent nor as satisfying, but they have a large weight off their shoulders.
@crosslink14933 ай бұрын
There were two Fatburger restaurants not too far away from me, both have closed. I wondered why they closed, I figured both were in poor locations. The burgers were good but I've had better.
@crosslink14933 ай бұрын
@@jamesodell3064 Subway was the worst one I can think of. Far too many of their stores around, there are five within one mile of me; there were 16 in town but three of them closed between 2015 and the pandemic. I stopped going to them after the last corporate 'rebrand' changed the quality of ingredients and taste of the sandwiches, and raised the prices. I can get better at local delis for the same price.
@user-zf3xb3qx8w3 ай бұрын
@@jamesodell3064 and even McDonalds. Read the extortion in the franchise contract and the requirements that can have HO move in and steal the store BACK from you , and stick you hard. You get nothing. Even my buddy in the eighties sold his grocery store and bought a govt. Petro-Canada station franchise, and the oil company STOLE it ou t from underneath him. Met him as a labourer on a job site, and wondered WTF such a great guy/great worker was even doing there, and he told me.
@baller131923 ай бұрын
He wanted loans because you aren’t taxed on the loan. He would’ve been taxed on the distributions had he chosen to go that route, reducing his ability to spend on luxury cars, private airfare, and extravagant homes by 40%.
@GudasWorld3 ай бұрын
I was in prison with Andrew, we were in halfway house together. He gave me rides to work in 1 of 2 $100k+ Benz. I was in for weed....
@jackjackthompson5771Ай бұрын
Wow nuts….what a crook
@Paul_Wetor3 ай бұрын
Getting a huge loan that is "forgiven" should be a big red flag. No real business operates this way.
@davidulrichldj61403 ай бұрын
Rob a bank of 20k - 15 years prison. Embezzle millions and put people out of work….2 years and a teeeeenie fine.
@BlackJesus84633 ай бұрын
Board was getting paid that's how.
@CubicIronPyrite3 ай бұрын
I'm a middle aged guy who loves hamburgers and eats out every day. However, I almost never eat at FatBurger. Why? Their hamburger meat is the absolute worst quality of any brand I've encountered, full of gristle and cartilage. I have no idea how they're still in business.
@somethingsomethingsomethingdar3 ай бұрын
The most American brand that has ever America’d around the world. Were fat and we weed proud
@jdodd9313 ай бұрын
What?
@LIONTAMER3D3 ай бұрын
...and we're greedy, crazy af, and corrupt lol
@geoffreypiltz2713 ай бұрын
No income tax on loans.
@prosperityinmotion76653 ай бұрын
True. Maybe he hooked up with Robert Kyiosaki who proudly promotes this knowledge.
@wojak1683 ай бұрын
The reason he took the risk to issue loans instead of distributing them as dividends is because dividends are considered a form of taxable income, whereas loans on the other hand are not, this means that you could receive a loan of a billion dollars and not pay a single cent in taxes because technically you have not received any income
@user-zf3xb3qx8w3 ай бұрын
that's why you off shore your "kash" and then it gets "loaned" back to you, with your house as collateral. No one can touch your house. Not even an ex mistress or wife or investor.
@wojak1682 ай бұрын
@@gravityissues5210 if he had just indefinitely kept the loan out with little to no payments on it he would have been fine
@hubinc.58713 ай бұрын
Ice cube once complained about eating fat burger while Eazi E and his manager where eating lobsters
@freedomfirst55573 ай бұрын
Once a conman.................ALWAYS a conman..........until their last dying breath.
@timmy18143 ай бұрын
TRUMP?
@werquantum2 ай бұрын
CEO (controlling stake) hires board. CEO hires auditor. A diabolically unique and brilliant strategy.
@Ashish-fm1rp3 ай бұрын
Bro thought Arrested Development was a documentary kek
@j2simpso3 ай бұрын
They really need to do something about this guy. He keeps scamming upwards stealing more money from more people with larger companies. If nothing is done what will happen next? Will he start a medical company like Theranos and siphon billions from investors? Or maybe start a tech company like Apple and siphon a cool trillion dollars from gullible investors.
@bonbonjovi48363 ай бұрын
If I was a thief, I would not be robbing banks, stores, houses, etc... Pay off is too little for the amount of prison time. Instead, I would do what Andrew Wiederhorn did, or even scam people like Logan Paul where the pay off is big with little to no prison time.
@yvr2002rtw14 күн бұрын
I remember going to FatBurger for lunch and you would tip the server at the cash register when you order food. If the tip paid was large enough, the cashier would yell "big tip", "fat tip" etc so that the kitchen staff would hear and say "thank you".
@kcgunesq3 ай бұрын
How was he allowed to head up any company after prison?
@OffGridInvestor2 ай бұрын
Are you unaware this is THE STANDARD WAY every SINGLE company founder gets paid tax free? They run up loans against their own company for their own expenditure.
@jalabi993 ай бұрын
4:22 even the dog is like "mannnn what am I doing here with this crook"
@shakespearhome51732 ай бұрын
You did such a good job on this video - you just got a new subscriber! keep it up bro!
@edgarpoe5173 ай бұрын
Thank for this video. Charles Ponzi would be proud.
@tarekyared44043 ай бұрын
Johnny Rockets is gross. Worst burger I ever had.
@sp1nrx3 ай бұрын
And overpriced...
@GizelleQuant3 ай бұрын
Yes! I remember when they opened in my city. I was pissed that I paid that much for a crappy burger.
@wisdomhunter37979 күн бұрын
That was excellent! Great deep dive. Thanks for putting that together for us
@pedalesmexicali3 ай бұрын
The only thing missing in his resume is to appear in the front page of “Forbes.”
@csours3 ай бұрын
I got bad legal advice. My lawyers told me that I would get away with it.
@freedomfirst55573 ай бұрын
Do you know how these people get away with stuff like this? Because rich people, and large businesses are 99% never audited....how do I know? I worked for the collections department at the IRS. The people who get audited are 90% in the middle class income. So the very poor and the very rich get off scott free.
@franciscodanconia43243 ай бұрын
The poor have no money to take and the rich have too many lawyers. The middle class are easy pickings for the IRS vultures.
@syahmiirfan67793 ай бұрын
So, you used to work there, or are you still working at the IRS?
@mamotalemankoe37753 ай бұрын
Same thing here in my country. It's just waaaaay easier and cheaper to chase the low income and middle class. Yes they have less money but there are SO many of them and they can't hide shit becuase they don't have shell corps and dozens of accountants. I'm sure most countries would exclusively tax the upper middle to lower class if they could, they are kinda already doing that actually.
@keithn43043 ай бұрын
That's universally true. Same with traffic citations, small business licensing fees, property tax assessments, social security premiums, and everything else. The middle class gets hit hard because they are easy targets.
@murraymadness46742 ай бұрын
The biggest question of all is why do pension funds even exist? And furthermore, why is there a stock market at all? It should be abolished. This case just shows how the more money you have the more money you can scam and maybe, only maybe you will be held accountable. Heck, I'd go to prison for 4 months if I was given $10 million.
@BillyLapTop3 ай бұрын
Fog Cutter Capital=Smoke Screen Capital.
@duancoviero97593 ай бұрын
😂😂😂😂
@PinkAgaricus3 ай бұрын
Foggy Capital Non-existent lighthouse.
@jeremypearson68523 ай бұрын
Waiting to see him on American Greed.
@notnoaintno51343 ай бұрын
as much as i hate your shady sponsors, you always cover interesting stuff and dont waste any time getting to the point
@songsan8073 ай бұрын
Last time I ate at a Fat Burger was 98 when there was one near my work place. The food was food and the workers were friendly. On the walls were a lot of funny quotes. There is one that I passed by this week that I wanted to stop by and check out and that is how this video caught my eye. Feel bad for anyone affected by the scams.
@HardPourCorn3 ай бұрын
I've been waiting for the next fraud. I never would have guessed fast food, though.
@squibbelsmcjohnson3 ай бұрын
Youre not paying attention every year then 😂
@PDaddy443 ай бұрын
Fog Cutter Capital? More like Turd Cutter Capital!😂
@kevinmac4real3 ай бұрын
His face sets off all kinds of alarms.
@JohnHall3 ай бұрын
It is so surprising that when you slap a wealthy person on the wrist that they just embezzle more. 🙄
@mwa57043 ай бұрын
How many other ceo are doing this right now?
@BlackSkullArmor3 ай бұрын
14 months in jail for ruining lives and still gets paid a CEO's salary. You Americans are wild
@neildavis299922 күн бұрын
It's bribery. Cali is our most corrupt state by far.
@lifeofsui38643 ай бұрын
why wasn't the son charged as a co-conspirator?
@danieljones85872 ай бұрын
Love me a Fat Burger. Fact: Fat Buger was started by a single Black lady from Texas. In their restaurants, there is always music played by Black entertainers from the past that lends a nice ambiance to the place.
@Deontjie25 күн бұрын
Why did he sell it?
@mikemann20533 ай бұрын
Brilliant. Well researched. Thank you.
@audiomedianews3 ай бұрын
Fatburger on Sunset was awesome
@tjbellah3493 ай бұрын
And also, that little bastard son of his needs to catch a case too. He probably has the same character flaws as his father just as I inherited problems from mine. Except my dad wasn’t a thief
@LeadingIndicator3 ай бұрын
I used to eat at the original restaurant, near Wilshire Blvd on the West Hollywood border, decades ago. Now, I live in Portland, Oregon. Go figure ...
@Lemmuy3 ай бұрын
Fatburger sounds like a parody of America in a Japanese anime
@masterzen1073 ай бұрын
Remember when you could get a double cheese with fries for $2.95????? Ahhh the good old days.
@HamStrains3 ай бұрын
But, what is massive fraud your honour?
@waxo92463 ай бұрын
Can you do a video covering solar companies, bunch of them have been popping up lately where I live here in Puerto Rico and the contracts they offer seem like a scam.
@markmiller89033 ай бұрын
Solar panels are a scam.i got 3 quotes and none were reasonable.
@I-l-l-l-l-l3 ай бұрын
Minor correction: the MAC is mostly an athletic club… 30k members. It’s really nice, but by no means for the ultra wealthy.
@KasaBlanca0073 ай бұрын
Suffered a stroke before going to prison… so he couldn’t go. Oh ok.
@justinweber49773 ай бұрын
Ooh man, tgat mention of Fazolis... I miss them.
@dixiebrick9 күн бұрын
Criminals are put on pedestals in this country
@PickleStan3 ай бұрын
When I was in middle school I completed the Triple King Challenge at Fatburger. They put your pic on the wall and gave you a shirt
@CanadianInPhilipipnes3 ай бұрын
Your parents must have been so proud!! Look at our boy!!
@matthewunderwood61423 ай бұрын
@6:02 That private jet has propellers. Don't worry, the 1970's Wonder Woman tv show made the same mistake in their title sequence every episode. I love your content.
@philscherer16053 ай бұрын
Those are turboprop engines.
@sp1nrx3 ай бұрын
Fatburger was better when it was owned by the original founding family. It became too "corporate".
@DemonLordR3 ай бұрын
I wonder if this is why my local Fatburger is "closed for fire repairs and renovations" lol.
@michaelprivette98473 ай бұрын
It blows my mind how OVER AND OVER AGAIN, these “smart” people are smart enough to get themselves in REALLY WELL paying positions….. but will do the ABSOLUTE DUMBEST SH!T….. and think they won’t get caught.. 🤷🏻♂️ I guess it’s the perfect combination of Ego and greed.
@simplemechanics2463 ай бұрын
Wait, soon you can make a conman musk story
@JJ-zr6fu3 ай бұрын
I don’t understand why you’ve got the goose laying golden eggs and you decide to kill it with fraud. Sell it.
@normtrooper43923 ай бұрын
Greed is a disease.
@pegcity4eva3 ай бұрын
Greed
@maddog49753 ай бұрын
Fatburger food has always been somewhat expensive. Andrew Wiederhorn's shenanigans may very well have driven prices higher. In order to appreciate FATBURGER you need to order Fat Fries and get them piping hot. Fatburger has 1.0 lb burgers, 1.5 lb burgers and bigger still. I used to have the 1.0 lb burger with no salt and no 1000 Island dressing. Fatburger beef patties taste like ground beef, not the composite patties like Burger King, Jack In The Box, Carl's Jr. and for many years, McDonald's. The older Fatburgers had jukeboxes which played classic jazz and R&B music on CD's. I remember one automatically playing a very artsy 29-minute jazz piece by JOHN COLTRANE. Another patron asked me why the saxophone solo never seemed to end! This happened over 20 years ago.
@dujuangreen54192 ай бұрын
Just like SBF....a big 'ol crook! They need to start giving these folks real prison time, instead of sending them to a "Disneyland" type of federal prison, where they don't actually seem to get punished. SMDH!
@JoeSmith-kn5wo3 ай бұрын
Too bad all the brands they own are crappy and serve low quality food
@crosslink14933 ай бұрын
Round Table Pizza was pretty good, too bad their prices went through the roof (the fraud is probably why).
@Deontjie25 күн бұрын
I think this is how they want it to work. Acquire a mediocre company. Franchise it like crazy. While the money is flying around for expansions, borrow far more than what you and the company is worth. Then looks innocent and sad when the money runs out. Meanwhile you sit in a billionaire's home and drive a few exclusive cars (that can be sold) that the company donated to you. Now with your new wealth, start looking for another mediocre company to fleece.
@loscruz1233 ай бұрын
never heard of them
@samsonsoturian60133 ай бұрын
+150 stores makes them a big regional chain.
@davidwalker278111 күн бұрын
I'm GLAD that the problems & loans have STOPPED. Now the company can become stronger. bigger, and more financially stable (without Andy pulling money away from the company).
@samuraiintellectual3 ай бұрын
Once a thief always a thief, the whole family sticks together.
@Derekzparty3 ай бұрын
Fatcat owning fatburger... checks out
@notaspectator3 ай бұрын
all of us are tempted when an opportunity comes, ethics are not valued generally sadly, we gotta watch out if our EGO is out of control
@syahmiirfan67793 ай бұрын
yeah, unfortunately. the ego is important in our lives, but we should always keep it under control.
@user-wd1no8ik4v3 ай бұрын
Hi
@TheTreyarchGost3 ай бұрын
Hi
@IsabelleDreemurr3 ай бұрын
Hi
@chiefenumclaw79603 ай бұрын
hola
@sqbronco13 ай бұрын
omg hey
@mamotalemankoe37753 ай бұрын
I'm such a cynic I thought this was bait for a scam thread. Glad I was wrong.
@billbarany36642 ай бұрын
Chain restaurants are in the late stages of the death cycle caused by corporate greed. Consumers are overwhelming choosing local small businesses food options. Theses chains cut quality, cheat consumers and even their own employees.
@stt5v20023 ай бұрын
The entire company was only worth $100 million? And then it dropped to $70 million? That seems pretty paltry for a company with thousands of restaurants.
@gazjaz2010Ай бұрын
did you miss the half dozen times mentioned the restaurants are franchises
@Schlutophen23 ай бұрын
He just spent too much. The loan wasn’t a bad idea if used to capitalize on real estate or even divest into the SPY and other investments. He seemed to be doing it smart until that decision.
@sznikers3 ай бұрын
Smart? Dumb af. According to the vid he had 80% control, instead of doin low key exit he decided to steal money from company, leaving paper trail behind. How is that smart? And what did he stole it for, not to invest but to spend it on bs. How is that smart? Severe brainrot.
@notaspectator3 ай бұрын
predatory practices should be exposed in a democratic society
@sd_pjwal3 ай бұрын
That and the loan amount comparitive to income of the Fat Holding company. Oh, and not actually making loan/interest payments. Whatever investments he would do would have had to cover the 10% interest after all. But yes, instead of delaying gratification and just attempting to run the company well...then eventually selling it to another restaurant group....he and his family's ego obviously required that everyone believed they were super rich.
@sznikers3 ай бұрын
@@sd_pjwal according to vid they already had IPO so all the idiot had to do was to cash out
@amcboy26323 ай бұрын
TRUMP will probably make Weiderhorn his next head of the Small Business Administration.
@creepycassette3 ай бұрын
When you realize the fine for fraud is never the entire amount stolen you just accept that a small jail sentence is the cost of doing business
@brn2bwild20013 ай бұрын
As my parents used to tell us, "liars are thieves and thieves are liars."