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.

Crime

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Man suing SFPD alleging officers beat him with batons

Cop attorney fires back: police were ‘interrupting a dangerous domestic violence incident’

Breed declares local emergency in response to threat of coronavirus

San Francisco Mayor London Breed on Tuesday declared a local emergency to… Continue reading

Driver arrested after vehicle strikes 2 pedestrians in Haight Ashbury

An 18-year-old man has been arrested on suspicion of attempted homicide for… Continue reading

Nuru corruption scandal prompts call to boost Ethics Commission budget

Watchdog agency lacks staff, resources to carry out its duties

Supes to boost subpoena power

Peskin legislation would allow committee to compel testimony under oath

Most Read