- Associated Press - Wednesday, April 2, 2014

PORTLAND, Ore. (AP) - Former Portland business executive Andrew Weiderhorn’s 25,000-square-foot mansion did not have any bidders at a foreclosure auction.

The Oregonian newspaper (https://is.gd/ovk1Fx ) reports the house in Portland’s West Hills now goes to lender CityMortgage.

Wiederhorn was one of more 10 people indicted in a criminal case stemming from a pension scandal in 2000. He served about 14 months in federal prison after pleading guilty to charges of paying an illegal gratuity and filing a false tax return

He has since moved to Southern California, where he owns the Fatburger chain of fast-food restaurants.

The minimum bid at Wednesday’s auction was $3.6 million - $700,000 less than what Weiderhorn owes the lender.


Information from: The Oregonian, https://www.oregonlive.com

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