Former California State Assemblyman indicted by federal grand jury on fraud charges

November 28, 2018 |  

A former California State Assemblyman was indicted Monday in U.S. District Court in Oakland on charges that he defrauded investors in a scheme to expand his business operations at BART stations in the Bay Area. 

Terrence Patrick Goggin, 76, who is currently a practicing attorney, 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. The indictment alleges that in 2013 Goggin solicited money from investors to open two more coffee shops at the Civic Center and Balboa Park BART stations in San Francisco. 
Instead of using the funds for those facilities, Goggin is alleged to have diverted the funds to other projects in New York City which included a now-closed restaurant called "Preserve 24." Goggin also allegedly siphoned some of the cash for personal uses and wired "thousands of dollars to a girlfriend in Thailand." 
Goggin was not taken into custody at the time of his appearance on Monday. A bail hearing and appointment of counsel will occur at 9:30 a.m. on December 5, 2018.
If convicted, Goggin could face a 20 year sentence and fines up to $250,000. 

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