Ex-OpenTable worker charged in bogus reservations scheme

CHICAGO (AP) — A former OpenTable employee has been charged with wire fraud for allegedly making hundreds of bogus reservations at Chicago restaurants to undermine a rival booking service.

The Chicago Sun-Times reports that prosecutors allege in charging documents that 30-year-old Steven Addison booked more than 300 reservations at at least 45 Chicago restaurants using Reserve, aiming to hurt the company's reputation.

They say Addison, of Chicago, allegedly booked some 1,200 seats in all, often during peak hours, making the no-shows especially costly.

Court filings don't name Addison's lawyer. His arraignment is Tuesday.

Christa Quarles, the CEO of San Francisco-based OpenTable, said in March that one "rogue employee" was involved in the "unsanctioned" actions and had been fired. The company apologized and said it would reimburse restaurants for lost revenue.

___

Information from: Chicago Sun-Times, http://chicago.suntimes.com/

Should you invest $1,000 in Opendoor Technologies right now?

Before you consider Opendoor Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Opendoor Technologies wasn't on the list.

While Opendoor Technologies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Featured Articles and Offers

Search Headlines: