SurfaceUnits
12-07-08, 03:45 AM
In Minnesota, John Rogers had a history of business failure, lawsuits and arrests. But in San Francisco, he managed to raise $340 million for his high-tech startup, Pay By Touch, from some of the city's savviest investors.
Major creditors: Whorl LLC, a biometrics firm acquired by Pay By Touch, claims it is owed $67 million. Accenture LLP business consultants, where Pay By Touch was incubated, claims $7 million; the Saatchi & Saatchi ad agency, whose CEO, Kevin Roberts, was on Pay By Touch's board, claims $2.93 million.
Other creditors: PKV Racing, now known as KV Racing, which operated an IndyCar racer Pay By Touch sponsored; heirs to the S&H Green Stamps fortune; 1960s pop trumpeter Herb Alpert; Chicago Cubs pitcher Ted Lilly; San Francisco sports-car dealership Cars Dawydiak; the Milken Institute, founded by 1980s junk-bond financier Michael Milken; a golf tournament to benefit a hospital for crippled children in Brownsville, Texas; the IRS and tax collectors in California and 29 other states.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/06/MNIK147RCH.DTL
Major creditors: Whorl LLC, a biometrics firm acquired by Pay By Touch, claims it is owed $67 million. Accenture LLP business consultants, where Pay By Touch was incubated, claims $7 million; the Saatchi & Saatchi ad agency, whose CEO, Kevin Roberts, was on Pay By Touch's board, claims $2.93 million.
Other creditors: PKV Racing, now known as KV Racing, which operated an IndyCar racer Pay By Touch sponsored; heirs to the S&H Green Stamps fortune; 1960s pop trumpeter Herb Alpert; Chicago Cubs pitcher Ted Lilly; San Francisco sports-car dealership Cars Dawydiak; the Milken Institute, founded by 1980s junk-bond financier Michael Milken; a golf tournament to benefit a hospital for crippled children in Brownsville, Texas; the IRS and tax collectors in California and 29 other states.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/06/MNIK147RCH.DTL