QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


Bookmark this site

Issue Date: Vol. 52, No. 9, September 2012, Posted On: 9/10/2012

Vending Biz-Op Scammer Gets 2 Years, Must Pay $500,000 In Restitution

Emily Jed
TAGS: business opportunity scheme, vending machine scam, vending business, Randy O'Gorman, Frisco Texas

ST. LOUIS -- A Texas man has been sentenced to serve more than two years prison for defrauding a St. Louis woman who invested in his bogus vending machine business. The court has also ordered that he pay nearly $500,000 in restitution.

In May, Randy O'Gorman of Frisco, TX, pleaded guilty to two counts of wire fraud for his role in the vending scam, according to the Associated Press. He was sentenced in early September in St. Louis U.S. District Court.

O'Gorman reportedly convinced the investor to give him $497,000 toward the business and provided her with a list of 800 vending machines that he said it included. Federal prosecutors said that, in reality, those machines did not exist and O'Gorman pocketed the money for his own use, according to the AP report.

Topic: Vending Features

  • Pepsi Makes Big Commitment To Reduce Sugar
  • Minute Key Chooses USA Technologies As Cashless Payments Provider For 3,400 Kiosks
  • Crane Co. Reports 2016 Q3 Results; Payment And Vending Sales Increase 9%
  • St. Petersburg, FL, Announces Vending Machine Policy Conforming To AHA Guidelines
  • Coca-Cola Amatil Tests Vending Machines Using Audio Technology As Authentication Mechanism

Copyright © 2016 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570