Hennessey's CFO Arrested on Embezzlement Charges

View Comments (
)
|
Email
|
Print

    NEWSLETTERS

    NBCSanDiego
    A mugshot of Cram was released by police in Redondo Beach.

    A former executive of a restaurant chain with several San Diego locations was arrested on 19 felony counts including the embezzlement of more than $1 million.

    James Cram, the one-time Chief Financial Officer of Hennessey's Inc., was arrested Thursday morning by police in Redondo Beach.

    Cram, 54, faces 19 felony counts including grand theft, money laundering and tax evasion police said.

    Owners Paul and Jennifer Hennessey employed Cram from 2006 to 2010 before they suspected he was embezzling funds.

    Investigators allege Cram took approximately $1,146,000 during his employment with the restaurant chain.

    He is being held on $500,000 bail.

    The chain began with a Hermosa Beach location and has grown to 10 Hennessey's locations including Carlsbad, La Jolla, Downtown and Pacific Beach.

    Keep up to date on breaking news: Follow us on Twitter @nbcsandiego, fan us on Facebook, sign up for our breaking news e-mail alerts or text SDBREAKING to 622339 to receive text messages for local breaking news. (Standard rates apply)