Frisch’s Restaurants Inc. has told investors how much it has spent to investigate the nearly $4 million alleged embezzlement by its former assistant treasurer.
Cincinnati-based Frisch’s (Amex: FRS) recorded $1.73 million in expenses during its fiscal third quarter ended March 10, it said in reporting third-quarter earnings on Wednesday. That’s virtually all of the costs it will incur for legal and audit services in the forensic investigation, CFO Mark Lanning told me. The company had all of…Miyerkules, Abril 8, 2015
Frisch’s reveals expense for embezzlement probe
Frisch’s Restaurants Inc. has told investors how much it has spent to investigate the nearly $4 million alleged embezzlement by its former assistant treasurer.
Cincinnati-based Frisch’s (Amex: FRS) recorded $1.73 million in expenses during its fiscal third quarter ended March 10, it said in reporting third-quarter earnings on Wednesday. That’s virtually all of the costs it will incur for legal and audit services in the forensic investigation, CFO Mark Lanning told me. The company had all of…
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