LA Restaurant Group Sues Former Counsel for Embezzlement

Madera Group alleges ex-general counsel used corporate credit card for personal expenses

Published on Feb. 12, 2026

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A Los Angeles restaurant group that operates several upscale Mexican eateries has filed a federal lawsuit accusing its former general counsel, Matthew Syken, of fraud and embezzlement. The lawsuit claims Syken used the company's corporate credit card to pay for personal expenses such as family vacations, luxury goods, anti-aging treatments, and his own divorce attorney fees.

Why it matters

This case highlights the growing problem of corporate fraud and embezzlement, which can have serious financial and reputational consequences for businesses. It also underscores the importance of proper financial controls and oversight, especially when it comes to high-level employees entrusted with company resources.

The details

According to the lawsuit, Syken was hired as general counsel for the Madera Group in 2019. The restaurant group alleges that Syken abused his position by using the company's corporate credit card for a variety of personal expenses, including family vacations, luxury products, treatments at an anti-aging facility, and payments to his divorce attorney. This appears to be the latest in a series of legal disputes involving Syken, the Madera Group, and other investors.

  • Syken was hired as general counsel for the Madera Group in 2019.
  • The lawsuit was filed in federal court in Nevada on February 12, 2026.

The players

Madera Group

A restaurant group that operates several upscale Mexican eateries in Los Angeles.

Matthew Syken

The former general counsel for the Madera Group, who is accused of fraud and embezzlement.

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What’s next

The lawsuit is currently pending in federal court, and it remains to be seen how the case will be resolved.

The takeaway

This case underscores the importance of robust financial controls and oversight, especially when it comes to high-level employees who have access to company resources. Businesses must be vigilant in monitoring for potential fraud and take swift action to protect their interests.