The founder of a Dallas steak house has pleaded guilty to swindling an investor out of $300,000.

Bob Sambol, founder of Bob's Steak & Chop House, pleaded guilty late Monday to felony theft.

Sambol has agreed to repay the investor over money the restaurant operator received in 2007. Sambol faces 10 years of deferred adjudication probation. No sentencing date was immediately set.

The Dallas Morning News reports the charges stem from an investment Sambol accepted to expand one of his restaurants. Sambol originally said the indictment was about "a business deal gone bad."