Tilman Fertitta Under Investigation by Federal Regulators Over Alleged Financial Misconduct at Restaurant Empire
HOUSTON, TX — Federal regulators have launched an investigation into billionaire restaurateur Tilman Fertitta, the owner of Landry’s, Inc., amid allegations of financial misconduct and potential violations of federal securities laws. Fertitta, who also owns the NBA’s Houston Rockets, is accused of misrepresenting financial data to investors and lenders. The probe, led by the Securities and Exchange Commission, centers on Landry’s reported revenue figures from fiscal years 2021 through 2023. Officials allege Fertitta inflated asset values to secure favorable loan terms. Fertitta has denied all wrongdoing, calling the claims baseless. The investigation marks a major blow to Fertitta’s reputation as a hospitality tycoon.