Hooters Stewart and five business associates opened the first Hooters in
Clearwater, Florida, on
April Fools' Day, April 1, 1983, Stewart said of opening the first Hooters: "I had every intention of being broke in six months." The chain has grown to over 425 restaurants in 44 states and 12 countries.
Tax evasion trial The
United States Federal Government and
Internal Revenue Service filed charges against Stewart in 2005, claiming that he failed to report $11 million in income which he earned by selling his stock and ownership in Hooters Inc. Stewart was charged with two counts each of
tax evasion and of filing false income-tax returns for the years 1997 and 1998. Stewart maintained that his personal assistant and financier, Mike Maricle, was to blame for any tax discrepancies. The trial ended after three weeks in a
mistrial.
Other enterprises Before starting Hooter's, Stewart owned a general contracting company called L.D. Stewart Enterprises. He also served as director of Pearly's Oasis. Both firms were based in
St. Petersburg, Florida. == References ==