Former Red Robin CEO settles SEC charges

GREENWOOD VILLAGE Colo. Michael Snyder, the former CEO of Red Robin Gourmet Burger Inc., has agreed to pay a $250,000 civil penalty and never serve again as an officer or director of a public company to settle charges by the Securities and Exchange Commission that he fraudulently billed the casual-dining concern for personal expenses.

The agency had alleged that Snyder charged back such expenses as chartering a jet for trips with family and friends.

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