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Police Seek Owner of Restaurant on Fraud Charge

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From Associated Press

The chef and owner of a Burbank Cajun restaurant has been accused of bilking more than 1,000 investors of at least $1 million, federal investigators said.

Mark A. Foster, 41, was being sought Wednesday on a federal charge of mail fraud, postal inspector Jeff Fitch said. Foster owns Cafe N’awlins in Burbank.

Foster solicited investments in limited partnerships by promising a return of eight times their investment in a 20-week period, Fitch said. Inspectors found that old investors were being paid with new investors’ money, he said.

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The suspect’s brother, Patrick Foster, was arrested for allegedly conspiring with Mark Foster in the scheme. He was taken into custody Sunday in Phoenix, Fitch said.

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