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David J. Stern | Foreclosure King to Burger King, Stern buys into Five Guys Burgers

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So, yesterday I got word that David J. Stern is buying up all the Five Guys Burgers in the country.

My source in Fort Lauderdale tells me that attorney David J. Stern has rolled over his $Millions in foreclosure home profits and the cash he got up front from the Chardan 2008 China Acquisition Corp deal into at least 150 Five Guys Burger and Fries Franchise’s, will that be fries with your meal sir?

 

It appears that David J. Stern is buying ”Five Guys Burger and Fries Franchise’s” in bulk...

I started digging around and could not find much except this from Five Guys Franchise website...

We are pleased to announce that we are currently sold out in the United States and in Canada.

Our franchisees are feverishly working on completing development of their territories. This means that there are some areas without Five Guys locations, but those territories have been sold and franchisees will be opening there soon.

Without anything else to go on, I sent an email over to my friendly neighborhood foreclosure reporter and she got the conformation we needed so here you go.

From the PB Post... 

Foreclosure King to Burger King, Stern buys into Five Guys

David J. Stern, whose Plantation-based law firm once handled the largest share of foreclosure cases in Florida, has invested in a copmany that owns franchises of Five Guys Burger and Fries.

Stern’s attorney, Jeff Tew, confirmed the investment this afternoon, saying it was made in the last couple of months.

Stern’s firm was once the largest so-called foreclosure mill in Florida, growing from its 1994 founding to handle an estimated 100,000 cases statewide. It closed in March amid a state investigation and allegations of wrongdoing.

That investigation has since stalled in the courts after a 4th District Court of Appeal ruling that the state has no standing to investigate under the Florida Unfair Trade Practices Act. Florida Attorney General Pam Bondi has certified the ruling to the state Supreme Court as a matter of great public interest.

Tew asked today what the news was in that Stern bought into Five Guy franchises, and that’s a good question. Maybe it’s that he’s still got the money to invest even after the collapse of his company and legal battles he’s fighting on several fronts.

You can check the rest out from the PB Post here... 

 

Here’s a sneak peak of the menu at Stern’s “Fraud Guys” franchises:

“Samms” Burger – our manager Cheryl will make it appear however you like!

“The Fannie” – this burger is so big it goes right to your fanny!

“The G-Mac” – two all thief patties

Double “Cheat” Burger – nuff said

“Court”er Flounder – this fish sandwich really smells

And for all you vegans, there’s the “You’ve Been Tossed” salad

The “signature” appetizer is the “Linda Green Onion Dip.”

 

And here is the link to Five Guys Burgers "contact us" page http://www.fiveguys.com/contact-us/contact-us.aspx

Just in case you would like to voice your opinion of David J. Stern buying up their franchises...

 

www.4closureFraud.org

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Sun, 01/29/2012 - 09:03 | 2107019 JuicedGamma
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Sun, 01/29/2012 - 09:04 | 2107018 JuicedGamma
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Sun, 01/29/2012 - 09:05 | 2107017 JuicedGamma
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Fri, 01/27/2012 - 23:26 | 2104833 ebworthen
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Nothing like a real estate "mogul" to go "all in" on a burgers and fries chain.

Fri, 01/27/2012 - 22:52 | 2104771 Inspector Bird
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"Trickle Down" is essentially the idea that a growing economy is better than a stable or shrinking one.

 

I think we can all agree that a growing economy is preferable.  If the wealthiest take 60% of the pie, but the pie keeps getting larger, then everybody wins.  Trickle down.

 

Saying it's an "abysmal failure" doesn't make it so.  Fact is, "trickle down" actually works.  There are problems, of course.  These problems tend to emanate from overregulation, corporate and personal welfare, and an obtusely devised tax code.  It's not the economic system, it's the vagaries of political interference.

Fri, 01/27/2012 - 21:29 | 2104608 krispkritter
krispkritter's picture

Double-size me? Would you like foreclosure with that? These fuckin' parasites aren't happy just screwing you at(or out of) your home, they want to screw you while you're trying to have a burger for chrissakes. This is like 3 Card Monty with peoples lives and someone needs to cap these these a-holes like the old days...and don't bring a lawyer and a pen to a gunfight...

 

Fri, 01/27/2012 - 19:39 | 2104266 SilverFocker
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4 people at a cost of 58 bucks for a farkin burger........naa, i'll buy a bago taters and some nice porterhouse steaks, flop it on the grill and call it a night ........the only other reason to shell that kinda cash for a burger is if came with trimmed fur, hold the fry's.

Fri, 01/27/2012 - 19:42 | 2104274 Jay Gould Esq.
Jay Gould Esq.'s picture

Five Guys is Obama's favorite hamburger joint. That, in and of itself, is reason enough to pass on this greasy spoon.

Fri, 01/27/2012 - 19:19 | 2104216 Random_Robert
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5 Guys.... Testing the theory that people are actually so stupid that a family of 4 will get in the car, drive somewhere, and pay 25 fucking dollars for the same 4 hamburgers and 6 shredded potatos that they would pay about 6 bucks to prepare at home...

Oh wait, we are talking about Americans here, aren't we?

Well, in that case the inevitable 5 Guys IPO will probably run to a Gazillion dollars 30 seconds after trading starts...

Never underestimate the economic power of 330 million fucktards with a hankering for some really expensive animal fat.

 

Fri, 01/27/2012 - 20:34 | 2104472 SwingForce
SwingForce's picture

They suck, Stern is buying a tax writeoff. 

Fri, 01/27/2012 - 19:08 | 2104188 JuicedGamma
JuicedGamma's picture

Double size me.

Fri, 01/27/2012 - 19:07 | 2104186 JuicedGamma
JuicedGamma's picture

They've been sold out for the last three years, yet somehow new ones keep opening. Burgers are good but if you thought super size was bad, this is the ultimate food fest bordering on Roman vomitoriums.

Fri, 01/27/2012 - 19:15 | 2104168 Wakanda
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Someone in PR told him to get his sorry ass into "job creation for Joe Sixpack".  That'll look better when he lands in court.

Besides, "People gotta eat".

Fri, 01/27/2012 - 18:43 | 2104116 exartizo
exartizo's picture

Five Cheap Guys Burgers and Fries is for Losers. 

Razor thin margins ala Burger King and McDonalds.

They make and sell Cheap Garbage Food for poor people that is high in fart and cholesterol.

 

 

Fri, 01/27/2012 - 19:04 | 2104177 Salah
Salah's picture

I second that; it's disgustingly nasty food, you'll come out of there and be able to audition for 'People of WalMart.com'

Fri, 01/27/2012 - 19:47 | 2104295 trav7777
trav7777's picture

5 guys has a decent burger, wtf u talkin bout?

Sat, 01/28/2012 - 11:48 | 2105408 Random_Robert
Random_Robert's picture

They do make a good burger... every bit as good as you could grill yourself out in the backyard.

The fries are also good: until they get about 10 minutes old, when they then degrade into brown, cold, greasy, mushy potato sticks.

I made my token visit to the one near my house when they first opened... but that was it. Why would I go back and willingly pay 250% more for a meal that I can prepare myself, while I enjoy a cold beer out in the sunshine?

Sorry, but I just don't get it...

Every business depends on return customers to thrive. I can't imagine that Americans (most of whom are already cash strapped as it is) will make the $12 visit to 5 Guys a regular stop on their fast food circuit. They don't even have a drive-through, fer chrissake...

They are a boutique burger place- their 50's style schtick and the jukebox will wear off after the initial popularity rush subsides...

I predict they will go the way of Krispy Kreme - 5 guys joints will spring up all over the place. The corporate headquarters will see the inititial flood of revenue as a signal to keep opening stores, and one day, someone will stop, look around, and say "Hey wait- where did all the customers go...? We can't afford to pay our electricty bill."

 

Fri, 01/27/2012 - 20:10 | 2104373 dark pools of soros
dark pools of soros's picture

we got a bunch of sheeple here..  if ZH bought 5 guys they would all be salivating to get these burgers..

 

fact is, 5 guys make a great burger, pricey but no so much compared to food everywhere..  yeah it ain't steak but steak ain't cheap either

 

so a stealin jackass bought up a decent food joint - I guess find out if your local one got snapped up by him before showing bias..  there are a bunch of pricey burger joints popping up these days

Fri, 01/27/2012 - 21:15 | 2104584 disabledvet
disabledvet's picture

right up until "fradclosure guy took over" of course. then...as if for no reason..."stores started closing, employees let go, burgers...fries...no longer...together." true tragedy if you ask me...

Fri, 01/27/2012 - 17:43 | 2103973 Money never sleeps
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Kyle Bass on when the shit is going to hit the fan: http://bit.ly/ywzqNI

Fri, 01/27/2012 - 18:12 | 2104040 Defiant1968
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This is the reason we should not tax the top 1%  -  this is an example of "trickle down"  which is so good for the little people

 

 

Fri, 01/27/2012 - 18:33 | 2104094 Xkwisetly Paneful
Xkwisetly Paneful's picture

Everyone knows trickle down is an abysmal failure.

Afterall no other country in the history of the planet has "poverty stricken" folks who are obese and own cars and homes.  Obviously the US has considerably lagged the rest in it's contributions to moving the human race forward the last 100yrs as well. Of course every American exists in the top 1% worldwide and top .0000001% of historical humanity but obviously trickle down is a failure and trickle up poverty combined with government rationing prosperity is preferred.

I am curious, once done soaking the rich and still buried beyond belief in debt, who's next?

 

I just want to thank the original author and his ilk for continuuing to promote an atmospehere that is not allowing home prices to actually bottom.

Afterall creating and prolonging  economic pain is exactly what the big, centralized government promoters do best.

 

Fri, 01/27/2012 - 21:21 | 2104600 disabledvet
disabledvet's picture

what's next you ask? WHAT'S NEXT!!!!???? This is 'merica, buddy. THE MADE FOR TV MOVIE IS NEXT! Here's preview:
http://www.youtube.com/watch?v=MfIibAt5SOk&feature=player_detailpage
(i can tell you can hardly wait....

Fri, 01/27/2012 - 21:21 | 2104597 New_Meat
New_Meat's picture

"Everyone knows trickle down is an abysmal failure."

Please talk to the Hinkley boat yard (SW Harbor, ME, home of the real diva) and to the yards in Newport, RI (just to start) and gather real data.  Then do more research.

Then, under Obama-Care, schedule a session where your anal-cranial inversion can be reversed.

Then, if possible, report back to us.

- Ned

Fri, 01/27/2012 - 16:51 | 2103785 flacorps
flacorps's picture

This is the place that fills your sack with greasy fries (which are, by the way, very good).

But the people who eat there belong on "The Biggest Loser" and remind me of the old Saturday Nite Live skit with the Chicago Bears fans who were constantly having to use CPR to revive each other from heart attacks.

If this chain thrives, it will kill Americans 10 times faster than McDonald's, Wendy's and BK.

Fri, 01/27/2012 - 17:10 | 2103856 Dan Conway
Dan Conway's picture

Today was a treat for me so I had lunch at a Five Guys today.  The fries are really good but they give you too many and I don't have the willpower to stop eating them.  I am not a skinny guy but I was couldn't help but notice that I was the fittest looking guy in the place.  It is the same thing at Chipotle.  Maybe this is how the government plans to solve the healthcare and social security dilemnas.   

Fri, 01/27/2012 - 19:00 | 2104166 Axenolith
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Fat people are easier for public school reared government enforcers to shoot, they don't have to lead them as much, if at all.

Fri, 01/27/2012 - 17:35 | 2103941 respect the cock
respect the cock's picture

If you ditch the tortilla, rice and beans in favor of fajita bowl...Chipotle is actually SUPER healthy.

Fri, 01/27/2012 - 19:11 | 2104200 kekekekekekeke
kekekekekekeke's picture

agreed, veg burrito bowl + brown rice - sour cream and cheese is a really nice quick meal

Fri, 01/27/2012 - 21:16 | 2104586 New_Meat
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to all y'allz health!

- Ned

Fri, 01/27/2012 - 16:55 | 2103808 LasVegasDave
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Will customers be able to get their money back after they eat the burger by claiming they didnt understand it had so many calories?

Fri, 01/27/2012 - 16:38 | 2103716 divide_by_zero
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5 Guys makes the most tasteless burger I've ever had, they will burn out very quickly. Local one here in my area of  SoCal did good for about a week. Hopefully this prick eats his franchises

Fri, 01/27/2012 - 16:48 | 2103768 dynomutt
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Agreed, they cook all of the flavor out of 'em.

 

JITB syndrome.

Fri, 01/27/2012 - 16:36 | 2103705 OutLookingIn
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You can bet your 'bottom dollar' this purchase was made with highly levered money. So when the chain does go broke - his foreclosure business comes into all kinds of commercial property for a song and a dance! Would not surprise me that 'Bain Capital' is involved in there some where. Way to go Mittin's!

Fri, 01/27/2012 - 16:28 | 2103679 ZackAttack
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Overrated, overpriced. Anyone who can't make better for themselves should turn in their man-card.

Fri, 01/27/2012 - 21:14 | 2104579 New_Meat
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Zack:

" ... should turn in their man-card. "

One? Them? Their?  Overrated?  I'ma guessin' that u are in the zone of the White Castle Hall of Fame! ;-) - Ned

{u ben totally absorbed into the PC lexicon thingie}

{{I dumbed down this comment so u could figger it out!!!!  What is a "man-card"????}}

{{{ ;-) }}}

Fri, 01/27/2012 - 19:00 | 2104165 covert
covert's picture

he will go broke in that business.

http://covert.mypressonline.com

 

Fri, 01/27/2012 - 16:12 | 2103626 Sparrowhawk
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I get a Five Guys craving about once a month and MUST have that greasy delight.  I like those fries.  Hope dude doesn't change it and ruin it.

Fri, 01/27/2012 - 16:11 | 2103623 LetThemEatRand
LetThemEatRand's picture

Ah, yes.  The productive class.  Job creators, etc.  

Fri, 01/27/2012 - 16:04 | 2103602 WALLST8MY8BALL
WALLST8MY8BALL's picture

5 families burgers?

Fri, 01/27/2012 - 15:50 | 2103564 john39
john39's picture

boycott

Fri, 01/27/2012 - 15:41 | 2103526 sessinpo
sessinpo's picture

Decent food at outrageous prices. I predict 5 guys foreclosure/bankruptcy.

Fri, 01/27/2012 - 15:50 | 2103566 ucsbcanuck
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Actually, indecent food at outrageous prices. Greasy disgusting burgers. Give me In n Out any day...

Tue, 01/31/2012 - 13:30 | 2113258 sessinpo
sessinpo's picture

Actually, most places use the same greasy disgusting burgers, as you put it. The selling point of  5 guys is the large variety of toppings you can choose from - that was supposed to be their uniqueness and niche and why they charge so much more. Basically it is the Subway version of a burger. Quite frankly, I'd rather get a burger from most any joint other then 5 guys and simply add my own toppings from my fridge and save the money.  5 guys is just a trend like chipotle, qdoba, barbarossa pizza, ... , the list goes on and on. Even taco bell is trying to catch onto this trend by introducing a higher priced upscale menu in some locations (let's add cilantro and charge a buck or so more). They'll all bite the dust.

Fri, 01/27/2012 - 19:09 | 2104195 kekekekekekeke
kekekekekekeke's picture

both suck

Fri, 01/27/2012 - 18:15 | 2104007 Normalcy Bias
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Yep, In n Out kicks their ass for 1/2 the price...

Fri, 01/27/2012 - 23:19 | 2104820 nodhannum
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Agreed!

Fri, 01/27/2012 - 19:35 | 2104248 Dingleberry
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"Animal style!"

Fri, 01/27/2012 - 15:33 | 2103497 whisperin
whisperin's picture

We have a couple locations here and I like the burgers but the fries are pretty hopeless.

Fri, 01/27/2012 - 16:47 | 2103761 dynomutt
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My view is the exact opposite.

 

The fries are exquisite for fast food fare, but the burgers are always overcooked because of JITB syndrome.

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