Terry Goggin, Date of Birth, Place of Birth

    

Terry Goggin

Date of Birth: 08-Nov-1941

Place of Birth: Glendale, California, United States

Zodiac Sign: Scorpio


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About Terry Goggin

  • Terry Goggin (born November 8, 1941) is an American politician in the state of California.
  • He served in the California State Assembly as a Democrat from 1974 to 1985.In December 1980, Goggin was part of an investment group that formed the White Pine Company and planned to purchase the Hotel Nevada and Gambling Hall in Ely, Nevada.
  • A 30 percent interest in the company would be held by the White Pine Trust, a fund that would be established by Goggin, with his wife Jill and three children as the beneficiaries, while another member of the company would act as the trustee of Goggin's trust.
  • Plans to purchase the Hotel Nevada were delayed by the Nevada Gaming Control Board, which had concerns about Goggin's trust fund.
  • Because of the trust, Goggin would seemingly not benefit directly from the hotel.
  • However, Control Board members requested that Goggin still participate in a suitability hearing.
  • One Board member said that Goggin's trust seemed like an attempt to "cover something up." Goggin denied that he was using the trust fund to obscure his investment in the Hotel Nevada.
  • The sale was ultimately approved by the Control Board and the Nevada Gaming Commission later that month.In November of 2018, a federal grand jury in Oakland, California indicted Goggin for allegedly defrauding investors in a chain of Peet's Coffee stands located inside BART stations and using the funds for personal expenses.
  • He was charged with four counts of wire fraud and nine counts of money-laundering.

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