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.