Man accused of making $4 million by selling fake In-N-Out franchises in the Middle East

An In-N-Out Burger sign.
(Image credit: Facebook.com/innout)

A Southern California man stands accused of raking in more than $4 million by selling sham In-N-Out Burger franchises to investors 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.

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.