The former CFO of Illinois-based Roadrunner Transportation Systems was sentenced to two years in prison on Tuesday for his role in a complex securities and accounting fraud scheme that cost its shareholders approximately $245 million.
U.S. District Judge Matthew F. Kennelly also sentenced Peter R. Armbruster, 62, of Milwaukee, to one year of probation after he is released from prison.
A federal jury found Armbruster guilty on four counts, including securities fraud, misleading Roadrunner’s...