$8 Mill Business Destroyed, Here’s What Gladys Knight’s Son Did With Money

Posted On : July 22, 2016

ILOSM fam, the Gladys Knight Chicken and Waffles drama has taken another shocking turn. The investigation has uncovered a number of things about her son, Shanga Hankerson, and how he actually spent the restaurant’s misappropriated funds. According to the Atlanta Journal Constitution, he has been accused of spending company funds on sex and drugs.

“He was just stealing money and converting it to his own use,” said Josh Waites, the director of special investigations for the state Department of Revenue.

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On paper, the company was making $8 million in annual sales, but years of chaos at the Atlanta institution had pushed it to the brink of collapse. Funds were so scarce that managers rushed to cash employees’ bounced paychecks with money from the downtown restaurant’s safe before Hankerson’s representatives arrived to retrieve it, they said.

“I think he was just in it for the money in the end,” said Charles Preston, 63, who worked as a manager at the downtown location for eight years until he quit in April.