A former state Assemblyman is accused of defrauding investors in a scheme involving Peet's Coffee stands at San Francisco BART stations. (Courtesy photo)

Former Assemblyman accused of defrauding investors in BART station coffee stand scheme

A former state Assemblyman who owned and operated a number of Peet’s Coffee stands in BART stations has been indicted for allegedly defrauding investors who gave him money to help him expand in San Francisco.

Terrence Patrick Goggin, 76, an attorney who represented San Bernardino from 1974 to 1985, was CEO of a company that owned and operated four Peet’s Coffee stands at BART stations and held permits to expand to other stations.

In 2013, federal prosecutors allege he solicited money from investors to open new stands at Civic Center and Balboa Park stations in San Francisco, but then diverted the funds to other business projects in New York City. He also allegedly used the funds for his personal spending and “transferred thousands of dollars to a girlfriend in Thailand.”

The indictment was unsealed Monday when Goggin made his first appearance in federal court in Oakland. He faces four counts of wire fraud and nine counts of money laundering.

Just Posted

Interim DA Suzy Loftus lays out plans for brief tenure before election day

‘One week matters’: Candidate fends off criticism that appointment was simply politics

Mobile recycling program could fill the gap left by facility closures

San Francisco is hoping to launch a three-year mobile recycling program to… Continue reading

BART looking west toward Geary Boulevard in transbay crossing study

Every attempt in Bay Area history to extend BART down Geary has… Continue reading

SFUSD going back to basics with school lunches made from scratch

Upgraded culinary center could serve as model for expanded in-house food production.

Suzy Loftus sworn in as interim district attorney

Suzy Loftus was sworn in as interim district attorney Saturday morning, a… Continue reading

Most Read