Former Roadrunner CFO guilty in $245M securities, accounting fraud scheme

Former Roadrunner CFO Peter Armbruster found guilty

The former CFO of Roadrunner Transportation Systems was convicted of violating federal securities laws in a complex, $245 million securities and accounting fraud scheme.

A federal jury convicted Peter R. Armbruster, 62, of Milwaukee, on four counts, including securities fraud, misleading Roadrunner’s auditors and two counts of falsifying Illinois-based Roadrunner’s books and records.

The jury rendered its verdict on Thursday following a 14-day trial in the U.S. District Court for the Eastern...

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