Man accused of selling fake In-N-Out franchises

In-N-Out Burger restaurant Sepulveda Boulevard in Los Angeles.
Kent Nishimura | The Denver Post | Getty Images

A California man has been accused by prosecutors of selling fake In-N-Out franchises in the Middle East, reported the L.A. Times.

They claim the Newport Beach man reached out to investors about In-N-Out franchises for royalties of about $250,000 per year and another $150,000 fee per location. Well known for being a small, privately-held chain, In-N-Out does not currently franchise.

According to documents, he made roughly $4.27 million through the bogus scheme.

To read the full L.A. Times article, click here.