Former Flying Star COO accused of ripping off company

Flying Star

ALBUQUERQUE (KRQE) – There is a possible explanation why Flying Star has filed for chapter 11 bankruptcy protection. The popular chain announced last week that it would be closing its slower locations in Santa Fe and Bernalillo and would be reorganizing. The company’s court filing shows it owes more than $6 million to creditors.

But according to the Albuquerque Journal, the company has also accused its chief operating officer and financial officer of ripping off the company and the two were fired last year.

Owners claim the COO Clyde Harrington gave himself unauthorized bonuses used the company credit card for personal charges and failed to pay vendors, while the former CFO Donna Schmidt permitted the behavior to carry on. Harrington and Schmidt are suing the company for a contractual dispute Flying Star filed a counter claim. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s