Ex-Jefferies Fund Manager in Fraud Suit Quits Weeks Into New Job

Jordan Chirico, a former portfolio manager at a Jefferies Financial Group hedge fund, has left restaurant chain FAT Brands Inc. after about two weeks on the job as he faces fraud allegations tied to his previous role.

Chirico stepped down as head of debt capital markets to focus on his defense in the litigation brought forward by 352 Capital, a Jefferies fund, according to a FAT Brands spokesperson. He had joined the restaurant chain in early July to work on the company’s balance sheet. He has no replacement at this time, a representative said in an emailed statement.

The ...