Tuesday, February 7, 2012

Cigarette discount king John Roscoe to be sentenced



(CSP) Time was when John Roscoe's 852-store Cigarettes Cheaper! chain stretched over 40 states, bringing in nearly $1 billion a year. But the retail empire is gone now, along with his home high in the Napa Valley hills, and soon he will be sentenced for his part in a scheme that cost Comerica Bank $27 million.
But don't count John Roscoe out just yet. At 82, he's working for his grandchildren's company, Fresh Choice Tobacco Inc. The Vacaville, Calif., firm just launched a commercial cigarette-rolling machine, "The Revolution," to complement the roll-your-own (RYO) machine it unveiled in 2006 that can produce a pack in two minutes. Continued

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