Former Frisch’s exec denies embezzlement allegations

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

A former top executive at the Cincinnati company behind dozens of Frisch's Big Boy restaurants is denying that he embezzled $3.3 million as the company alleges.

The Cincinnati Enquirer reported that 52-year-old Michael Hudson in recent court filings refuted all allegations of theft and fraud made by Frisch's in a civil suit filed against him in January.

Frisch's said in the lawsuit that it suspects Hudson, a former assistant treasurer, stole $3.3 million over seven years in a systematic fraud. Hudson requested that the civil suit be dismissed in a court filing on Feb. 17.

Frisch's said 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 and has 26 more franchised eateries in the three-state area, including at least five locations in Indiana. The nearest Big Boys to Indianapolis are in Anderson, Greensburg and Richmond. The company has 6,100 workers, including 2,600 full-time employees.

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In