Valleywag
Pay By Touch CEO John Rogers is more than just financially and morally bankrupt. He's also a convicted felon. It's a tiny little fact Rogers never managed to tell Pay By Touch's investors, raising the possibility he could be convicted of fraud. Here are his conviction papers, provided by a tipster. We're also hearing that Rogers might have had an addiction that kept him out of the office for weeks at a time, but we're still looking for the smoking gun on that. Let us know if Rogers buried it in your back yard.
Pay By Touch CEO a convicted felon
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11:04 AM on Mon Nov 12 2007
By Nicholas Carlson
4,488 views
3 comments
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Now, now, now. Let's remember that every Fortune 500 CEO is probably within six degrees of separation from a convicted felon. Every member of the New York Yankees has shaken the hand of a convicted felon. Hillary Clinton has a 20-year friendship with a convicted felon. The Milken Family Foundation was created with money from a convicted felon.
Why, some years ago I attended college and hung out with a convicted murderer. I know a CPA and a licensed commercial pilot who are convicted felons. And a pal of mine is writing screenplays to pay of his $3 million legal bill while appealing his conviction.
Think about it. How many felons do you know?
Pay By Touch’s founder John Rogers had big dreams of changing the way people paid for things. He raised hundreds of millions two years ago from investors, and promised he would let poeple pay with their fingerprint in stores across the nation.
(This story has been updated with company response, and a copy of a leaked memo from an investor alarmed about mismanagement at the company) Pay By Touch’s founder John Rogers had big dreams of changing the way people paid for things.
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