Trucking News: Ex Arrow Trucking CEO Pielsticker gets home confinement due to COVID-19

Mike

Well-Known Member
After more than four years in prison, the former CEO of Arrow Trucking is being allowed to serve the remainder of his sentence in home confinement.

Pielsticker is serving a 7½- year sentence on fraud and income tax evasion charges for his role in the 2009 collapse of Arrow Trucking. Pielsticker conspired with former chief financial officer Jonathan Moore to defraud the Transportation Alliance Bank out of nearly $11 million dollars in an invoice-inflating scheme.

The resulting collapse of the company just three days before Christmas in 2009 left hundreds of drivers stranded with no working fuel cards, no paychecks and no way to get home.
Court records indicated that in 2009, Pielsticker received hundreds of thousands of dollars from the company accounts to pay for personal expenses, including his wedding and payments on luxury cars.

The Tulsa World report states that Pielsticker requested to be released from prison or to home confinement in April due to health reasons, citing the COVID-19 pandemic.

 
Wonder if any previous employee's might drive a truck thru his house?
Wrap a crane winch cable around the house and attach each end to a loaded truck.

One driver sits still holding the brakes while the other one drives away in the granny gear, pulling with a 2:1 ratio (like a block 'n' tackle).

Probably pull the whole house off the foundation.
 
They have words for people like him that we are now allowed to say. What a piece of dog shit.
Trump Words GIF by moodman
 

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