Craig Stevens, 55, allegedly raked in $4 million selling phony In-N-Out hamburger restaurant franchises to customers in the Middle East.
Prosecutors say Craig Stevens, 55, started sending out emails in January 2014, telling people that franchises of the popular West Coast burger chain were available at $150,000 per location, with royalties costing $250,000 a year, the Los Angeles Times reports. This scheme brought in $4.27 million, charging documents say, and Stevens allegedly committed wire fraud last June by sending a counterfeit In-N-Out licensing agreement via email to an investor in Lebanon. He pleaded not guilty to charges of wire fraud on Monday, and is free on $10,000 bond.
