The Tri-State owner of Frisch's restaurants is suing a former officer over millions of dollars.Frisch's Restaurants, Inc. announced Tuesday that it has filed a civil lawsuit against a former officer for allegedly defrauding the company and embezzling an estimated $3.3 million over several years.The company's lawsuit alleges that Michael Hudson, the former assistant treasurer, forged payroll documents and created false documents and accounting entries to divert company funds into his personal accounts.As a part of the civil complaint, the company is seeking full restitution of the diverted funds.According to company representatives, Hudson told them that he has assumed full responsibility for his fraudulent actions and has resigned."While we were saddened to learn of these unlawful and fraudulent acts carried out against the Company by a trusted and long-time employee, we took swift action as soon as we discovered the fraud," said Craig Maier, Frisch's Chief Executive Officer, in a news release. "As a precautionary measure, the company is implementing an additional layer of checks and balances in our accounting systems to protect against this type of fraudulent behavior in the future.""Our employees and shareholders can take pride in the Company's 67-year history of success and its well-deserved reputation for integrity and responsibility," Maier added in the release. "We can assure them that we will devote as much of our human and financial resources as are necessary to conclude this episode promptly and efficiently. The true quality and success of the Company's operations can be measured by the Company's solid financial footing so that the Company is now net debt free and experiencing continuing improved financial performance and greater unrestricted cash flow."The company currently operates 95 company-owned Frisch's Big Boy restaurants and there are an additional 26 franchised Frisch's Big Boy restaurants that are operated by licensees.WLWT News 5 will have the latest on this story later today.