(FranchisePick.Com) Pure Weight Loss & sole owner Vahan Karian go to Bankruptcy Court this morning. There will be a “Meeting of Creditors” at 10 am, March 14th at the William J. Green Federal Building in Philadelphia (600 Arch St., 2nd floor conference room, 10:00 am).

Check out this story on Pure Weight Loss and the lavish lifestyle of Vahan Karian from CT station NBC30

NBC 30 visited the address [of Pure Weight Loss HQ] in Horsham, Pa.

Nobody was there when NBC 30 visited, but there were signs that an auction company was about to sell the remaining furnishings.

Under state laws in Pennsylvania and Connecticut, a company’s top executives — not just the company — could be held responsible for failing to pay an employee.

Attorney General Richard Blumenthal said these employees deserve to have someone held accountable. “We’re going to hold accountable the individual, if there were violations logged, not just the company which may be without assets, but also individuals who have participated in any illegalities,” he stated.

NBC 30 then drove to the home of Vahan Karian, the president and sole owner of Pure Weight Loss.

No one came to the door of the home, which is estimated at nearly $1 million in value, with an enclosed pool connected to the back.

He and his wife allegedly also own three south Florida beach-front condominiums — One he purchased for $2.3 million three years ago and another he bought just over a year ago for nearly $2.6 million.

NBC 30 discovered financial filings that put Karian first in line to be paid in bankruptcy court, saying in part he loaned the company a quarter-million dollars in its final days.

In that paperwork, it appears he signed for both himself and the company.

That’s all legal, but the timing is under investigation by the attorney general in Pennsylvania. Pure Weight Loss branches closed by Jan. 4. The transaction appears to have taken place three days later and a few days after that, Pure Weight Loss filed for bankruptcy. …

In Pennsylvania, both the labor department and the attorney general’s office are investigating the company and its executives….

NBC 30 repeatedly tried to reach Vahan Karian and his attorneys. The calls haven’t been returned.

The say of Pennsylvania has logged more than 1,800 complaints against Pure Weight Loss.

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(FranchisePick.Com) Susan Gunelius over at brandcurve has an interesting post on McDonald’s new employee blog, Station M. Check it out:

McDonald’s - Branding from the Inside Out by Susan Gunelius on March 12th, 2008

What better way to boost your brand image than by starting from within? I always tell clients that one of the most important aspects of building a successful brand is making sure your employees understand and live your brand promise. McDonald’s (NYSE: MCD) is buying into that strategy with the launch of Station M, the McDonald’s employee blog.

Station M will connect employees at nearly 15,000 McDonald’s locations… READ ON

Other franchise stories on brandcurve:

• McDonald’s Promotes Healthy Menu on Billboards
• Excessive Brand Extensions Can Dilute Your Brand
• McDonald’s Fights the Dictionary Definition of McJob
• Promote Your Business with Co-Branding
• Kids Like McDonald’s Over Generically-Wrapped Food

Photo © AdamL212 via Flickr

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(FranchisePick.Com)Pure Weight Loss & sole owner Vahan Karian go to Bankruptcy Court this morning.  There will be a “Meeting of Creditors” at 10 am, March 14th at the William J. Green Federal Building in Philadelphia (600 Arch St., 2nd floor conference room, 10:00 am).

Check out this story on Pure Weight Loss and the lavish lifestyle of Vahan Karian from CT station NBC30

NBC 30 visited the address [of Pure Weight Loss HQ] in Horsham, Pa.

Nobody was there when NBC 30 visited, but there were signs that an auction company was about to sell the remaining furnishings.

Under state laws in Pennsylvania and Connecticut, a company’s top executives — not just the company — could be held responsible for failing to pay an employee.

Attorney General Richard Blumenthal stated these employees deserve to have someone held accountable. “We’re going to hold accountable the individual, if there were violations logged, not just the company which may be without assets, but also individuals who have participated in any illegalities,” he said.

NBC 30 then drove to the home of Vahan Karian, the president and sole owner of Pure Weight Loss.

No one came to the door of the home, which is estimated at nearly $1 million in value, with an enclosed pool connected to the back.

He and his wife allegedly also own three south Florida beach-front condominiums — One he purchased for $2.3 million three years ago and another he bought just over a year ago for almost $2.6 million.

NBC 30 discovered financial filings that put Karian first in line to be paid in bankruptcy court, saying in part he loaned the company a quarter-million dollars in its final days.

In that paperwork, it appears he signed for both himself and the company.

That is all legal, but the timing is under investigation by the attorney general in Pennsylvania. Pure Weight Loss branches shut by Jan. 4. The transaction appears to have taken place three days later and a few days after that, Pure Weight Loss filed for bankruptcy. …

In Pennsylvania, both the labor department and the attorney general’s office are investigating the company and its executives….

NBC 30 repeatedly tried to reach Vahan Karian and his attorneys. The calls have not been returned.

The say of Pennsylvania has logged more than 1,800 complaints against Pure Weight Loss.

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