The owners of Maple & Ash, a high-grossing luxury steakhouse, are embroiled in a civil lawsuit alleging the fraudulent use of $7.6 million from the Small Business Paycheck Protection Program. Investors claim this misappropriation, which included spending on a Learjet, represents a broader pattern of fiscal malpractice by the Lasky brothers. Despite the suit being filed three years prior, it gained media traction only recently. The company has been lucrative, with annual revenue exceeding $35 million, further complicating claims of financial misconduct by its owners.
According to the complex case, the alleged misappropriation was part of a wider pattern of fiscal wrongdoing by Maple & Ash co-owner Jerald Lasky, his brother James Lasky and by companies controlled by them.
Investors who helped raise $3 million each to open Maple & Ash in Chicago and in Scottsdale, Ariz., also claim the company wrongfully used profits to fund the owners' other restaurants.
Collection
[
|
...
]