- Associated Press - Thursday, November 26, 2015

CINCINNATI (AP) - Court records show a former assistant treasurer of the Cincinnati-based company behind dozens of Frisch’s Big Boy restaurants is agreeing to plead guilty to charges of wire fraud and filing a false tax return.

Michael Hudson is accused of embezzling $3.9 million from Frisch’s Restaurants over seven years, forging payroll and accounting records to funnel money into personal accounts.

The 52-year-old Hudson, once the firm’s third-ranking accountant, resigned in December. He denied the allegations in February. The Cincinnati Enquirer reports (https://bit.ly/1PZpPuf ) a plea agreement was filed last week in Cincinnati federal court. A formal plea hearing is scheduled Dec. 7.

Records show that in a separate civil case Hudson also agreed last week in a Hamilton County appellate court to sell off 17 properties to pay the chain $3.9 million.

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Information from: The Cincinnati Enquirer, https://www.enquirer.com

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