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Many Chicago restaurants suffered during the pandemic. A lawsuit filed recently accused the Gold Coast restaurant Maple & Ash of misusing federal pandemic funds, which the restaurant denies.
The document alleges that more than $7.6 million in PPP loans — $3.9 million for Maple & Ash’s Chicago location and $3.7 million for the Scottsdale restaurant — were misappropriated.
"Maple Manager wants to usurp the corporate opportunities belonging to (Maple & Ash) and the investors." The lawsuit states Maple & Ash's revenue in 2021 was more than $29 million.
Accountants pulled into dispute between investors in popular Chicago steakhouse By Dan Mihalopoulos May 14, 2024, 1:42pm PDT ...
A Maple & Ash restaurant will be opening at 1290 Sixth Ave. later this year. J. Scott Wynn Investors who helped raise a total of $6 million to open Maple & Ash in Chicago and in Scottsdale, Ariz ...
Maple & Ash, a steakhouse in Chicago and Arizona, is accused of spending $2 million in PPP funds on a private jet and $32,000 for country-club access.
Maple & Ash opened in 2015 in the Gold Coast near two of Chicago’s most beloved steakhouses, Morton’s and Gibsons. The restaurant ascended thanks to its reverent attitude and lavish buildout.