An Ex-White Collar Criminal Bets Big on BurgersBen Paynter
By the time he checked into federal prison in Oregon, Andy Wiederhorn had realized his career as a Wall Street dealmaker was probably over. It was 2004, and the former investment analyst and chief executive had pled guilty to filing a false tax return and forgiving a loan guarantee to a business associate through his former company, Wilshire Financial Services Group, which had been involved in a scandal surrounding Capital Consultants, a firm that had lost $350 million in union pension funds. “The Street is a very transactional place,” he says. “You are only as good as your next deal, and if you can’t do a deal, then you aren’t any good at all.”
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