Skipper's restaurants files for bankruptcy protection.
Skipper's Inc. Chief Executive Kenneth Williams, in a declaration in U.S. Bankruptcy Court in Seattle, attributed the problems in part to what he described as an effort by the company's finance director, Eric Li, to "cover up the accruing tax debt" through false financial reports to senior managers and owners.
Williams said in the declaration that Li "abruptly disappeared" a month after the company found out about the situation last year, leaving behind $6,000 in unclaimed salary and vacation.
1 Comment