Poor John Rogers. The former CEO of Pay By Touch can't pin the fall of his online-payments startup, which raised $340 million and employed 750 people before going bankrupt. This self-aggrandizing outlaw has no one but himself to blame.
Seven former NFL football players — including Drew Bledsoe — are suing UBS, a Swiss bank, for investing their money in collapsed electronic-payments firm Pay By Touch. They claim the bank neglected to mention that Pay By Touch's founder, alleged cocaine addict John Rogers, was once charged with a felony. We'd love…
Recent reports from local real estate trackers put the amount of office space relinquished by local companies in the last quarter at the highest it has been since the third quarter of 2002 — 436,933 sq. ft, according to commercial broker CB Richard Ellis, or the equivalent of nearly all the space in the Transamerica…
Biometrics payments firm Pay By Touch shuttered for good yesterday. The last remaining client retailers will unplug their Pay By Touch fingerprint payment machines Thursday morning, a tipster tells us. He goes on to say, "I hope that piece of shit John Rogers goes to jail." Wishful thinking: Past run-ins with the…
Here's John Rogers. He's morally and financially bankrupt. He's a once-convicted felon with addiction problems and a taste for threatening strangers and lovers. And his dream is dead.
Biometrics payments firm Pay By Touch is selling assets in "a mad scramble to recover any money whatsoever that our convicted Google stardom dreaming leader John Rogers pissed away," a tipster tells us. One of those assets was Pay By Touch subsidiary ATM Direct, a business Alex Muse and other Texas investors were…
These court documents show who stands to lose the most if Pay By Touch shuts down, besides its already ill-fated hundreds of employees. We like to think of corporations scheming to screw over the little guy. But Pay By Touch's bankruptcy filing shows us this: They spend just as much time trying to screw over the big…
A tipster tells us top management at Pay By Touch, the biometrics payments firm run into the ground by felon John Rogers and now struggling in bankruptcy, has auctioned off its "core assets" in an attempt to pay off creditors. That may not be the case: On Friday, a party of creditors filed a restraining order with…
Pay By Touch laid off 250 employees last fall and now it needs a $150 million investment to survive. So what's the company to do?
Remember John Rogers, the former CEO of Pay By Touch? He's morally and financially bankrupt. He's a once-convicted felon with addiction problems and a taste for threatening strangers and lovers alike. Rogers is, in other words, the type of guy only a mother could love. But now, even she's had it. Though Rogers…
In a shareholders' conference call yesterday, Pay By Touch CFO Robert Sigler told investors the company plans to raise $150 million in 2008. This after Pay By Touch management has already burned through over $300 million since its founding and cost some 250 jobs just this fall. Tell you what, I hope Sigler and…
Eula Adams, who's returned to trouble payments company Pay By Touch as its COO, said during a conference call for investors today that at least two independent investigations into alleged illegal acts by officers of the company came up empty:
Failing biometrics company Pay By Touch has shed 250 employees in the last "couple months," COO Eula Adams said on a call for shareholders today. Of that 250, Adams said new management "took out" 90 employees in the last couple of weeks. The cuts came to "non-core" Pay By Touch initiatives in "healthcare, online,…
The financially and morally bankrupt John Rogers remains involved with the company he founded, Pay By Touch employees learned during an all-hands meeting Friday. Though the company no longer employs the once-convicted felon and confirmed bully, Rogers will remain on the board of directors. How could this be?
Failed biometrics payments firm Pay By Touch has filed voluntarily for Chapter 11 bankruptcy and will sell subsidiaries ATM Direct and CardSystems, employees learned during an all-hands on Friday. During the meeting, Pay By Touch COO Eula Adams asked employees to remain positive. Then he virtually assured that…
VeriFone, a maker of credit-card readers, wants to acquire biometric payments firm Pay By Touch, according to Pay By Touch court filings obtained by BusinessWeek. Or at least VeriFone at one time expressed in interest in such a deal. But that was probably before December 3, when the company announced it would…
Michael Barnes, the president of NorhTec, a computer hardware maker, says he's been royally stiffed by Pay By Touch, the troubled biometrics company now under court supervision. Stiffed to the tune of $3 million in promised orders, including more than half a million dollars in unpaid shipments. Former Pay By Touch…
An ex-employee tell us that before his departure, former Pay By Touch CEO John Rogers shopped the company around to investors for $5 a share. (The company isn't publicly traded, but has issued shares to investors and employees.) It didn't seem like much until I took a closer look at Rogers's bankruptcy filling —…
We got a hold of former Pay By Touch CEO John Roger's public bankruptcy filing. In the document, Rogers had to declare his remaining personal assets. And for a guy who celebrated his 40th birthday with a cake decorated "240 by 40" — celebrating the fact that he'd raised $240 million in financing for his companies by…
Pay By Touch, the biometrics firm run into the ground by cocaine addict and convicted felon John Rogers, is accelerating plans to lay off 49 employees. Originally scheduled for this week and next, the layoffs are happening early, a tipster tells us, so that Pay By Touch won't have to issue Friday's paychecks to the…
