Manhattan Bagel Co

Manhattan Bagel Co. has completed its acquisition of I & Joy Bagels for 1.5 million shares of common stock. With the addition of I & Joy's 16 stores, the Eatontown, N.J.-based Manhattan Bagel Co. now presides over a network of 107 units in 11 eastern states and California, the company reported. In June, Manhattan Bagel agreed to purchase Bay Area Bagels, operator of eight Holy Bagel stores in San Francisco.

A former top executive of the Manhattan Bagel chain was sentenced to 7 1/2 years in federal prison Friday after pleading guilty in three separate criminal fraud cases, including one in which he swindled his in-laws out of their life savings. Allan Boren, 39, squandered most of the millions of dollars he stole on a lavish lifestyle that included high-roller gambling trips to Las Vegas, Atlantic City, the Bahamas and Europe.

A former top executive of the Manhattan Bagel chain was sentenced to 7 1/2 years in federal prison Friday after pleading guilty in three separate criminal fraud cases, including one in which he swindled his in-laws out of their life savings. Allan Boren, 39, squandered most of the millions of dollars he stole on a lavish lifestyle that included high-roller gambling trips to Las Vegas, Atlantic City, the Bahamas and Europe.

The former owner of the Manhattan Bagel chain pleaded guilty Wednesday to charges that he defrauded 10 investors, including his in-laws, out of more than $1.2 million, U.S. prosecutors said. The victims thought their money was being used for business investments. But Allan Boren used the funds to support "gambling trips to Las Vegas, Atlantic City and the Bahamas," the U.S. attorney's office said.

2 Manhattan Bagel Execs to Quit: Allan Boren, chairman of the company's I. & J. Bagels Inc. unit, and Eric Cano, the unit's president, will resign following reports that they face criminal indictments in connection with a toxic-waste-dumping case involving a company they own in Los Angeles, Boren said. Boren and Cano face 24 felony charges in Los Angeles alleging toxic waste dumping. The men joined Manhattan Bagel as executives in June, when it acquired their 16-store I.

Manhattan Bagel Co., the nation's second-largest bagel chain, said it will restate its first-quarter earnings because of improper accounting practices it uncovered at its California subsidiary, I&J, based in the San Fernando Valley. As a result of the announcement, the stock of the 220-store bagel company based in Eatontown, N.J., plunged $7.50 to $13.75 a share on the Nasdaq at Friday's close.

Having successfully navigated the same uncertain consumer market that swallowed the sticky bun, crumbled the English muffin and humbled the haughty croissant, the bagel has landed. And, say baking experts and stock analysts, those boiled circles of chewy dough are coming into their own. "Everywhere you go, you see bagels," said Eric Cano, president of I & Joy Manhattan Bagel company, born two weeks ago in a merger between North Hills-based I & Joy Bagels and Manhattan Bagel Co. Inc.

The former owner of the Manhattan Bagel chain pleaded guilty Wednesday to charges that he defrauded 10 investors, including his in-laws, out of more than $1.2 million, U.S. prosecutors said. The victims thought their money was being used for business investments. But Allan Boren used the funds to support "gambling trips to Las Vegas, Atlantic City and the Bahamas," the U.S. attorney's office said.

The owner and president of the North Hills-based I & Joy Bagels chain have been charged with more than 20 felony counts each of illegal dumping of hazardous wastes in connection with a metal-plating firm they once ran, the Los Angeles city attorney's office said Thursday.

Manhattan Bagel Co., the nation's second-largest bagel chain, said it will restate its first-quarter earnings because of improper accounting practices it uncovered at its California subsidiary, I&J, based in the San Fernando Valley. As a result of the announcement, the stock of the 220-store bagel company based in Eatontown, N.J., plunged $7.50 to $13.75 a share on the Nasdaq at Friday's close.

2 Manhattan Bagel Execs to Quit: Allan Boren, chairman of the company's I. & J. Bagels Inc. unit, and Eric Cano, the unit's president, will resign following reports that they face criminal indictments in connection with a toxic-waste-dumping case involving a company they own in Los Angeles, Boren said. Boren and Cano face 24 felony charges in Los Angeles alleging toxic waste dumping. The men joined Manhattan Bagel as executives in June, when it acquired their 16-store I.

Having successfully navigated the same uncertain consumer market that swallowed the sticky bun, crumbled the English muffin and humbled the haughty croissant, the bagel has landed. And, say baking experts and stock analysts, those boiled circles of chewy dough are coming into their own. "Everywhere you go, you see bagels," said Eric Cano, president of I & Joy Manhattan Bagel company, born two weeks ago in a merger between North Hills-based I & Joy Bagels and Manhattan Bagel Co. Inc.

Manhattan Bagel Co. has completed its acquisition of I & Joy Bagels for 1.5 million shares of common stock. With the addition of I & Joy's 16 stores, the Eatontown, N.J.-based Manhattan Bagel Co. now presides over a network of 107 units in 11 eastern states and California, the company reported. In June, Manhattan Bagel agreed to purchase Bay Area Bagels, operator of eight Holy Bagel stores in San Francisco.

Two former executives of a Los Angeles bagel company were charged Friday with falsifying business records and intimidating witnesses against them in a Securities and Exchange Commission investigation. Named in the nine-count federal indictment were Allan Boren, former chairman, and Eric Cano, former president, of I&J Bagels Inc., which operated under the banner of I & Joy Bagels, until its 17 stores were acquired by an East Coast firm in 1995.

Four years ago, customers bought bagels, snacks, liquor and Mexican food at the Canoga Center. But the only signs of life now at the little strip mall, which sits vacant behind a 10-foot-high fence and razor wire, are the shining eyes of stray cats peering from dark doorways. Pigeons have claimed what remains of the Chatsworth Plating Co., a firm that Los Angeles County prosecutors allege poisoned the lot on Canoga Avenue.