Tax Fraud

Ex-trucking CFO sentenced in $8 million wire fraud, tax scheme

Ex-Bison Global CFO sentenced to four eyars

The former chief financial officer of a Texas logistics company was sentenced to nearly four years in prison on Wednesday and ordered to pay back nearly $8 million for her involvement in an elaborate five-year fraud and tax evasion scheme.

Nicolette “Nicky” Osborne, 50, of Pflugerville, Texas, pleaded guilty to one count of wire fraud and one count of making a false statement on an income tax return in the U.S. District Court for the Western District of Texas in February 2020. 

Prosecutors claim...

https://s29755.pcdn.co/news/ex-trucking-cfo-sentenced-in-8-million-wire-fraud-tax-scheme

Former auto hauler sentenced to 30 months for faking FMCSA records

Former trucking company owner Michael Chaves was sentenced on Wednesday to 30 months in federal prison after pleading guilty last year to falsifying government records, aggravated identity theft, bank and wire fraud, and tax evasion.

The U.S. District Court for the District of Rhode Island also ordered Chaves, 41, who had owned CAT Inc., an East Providence, Rhode Island, vehicle-transport carrier, to pay restitution to Amazon [NASDAQ: AMZN] for an alleged package return scam that bilked the...

https://s29755.pcdn.co/news/former-auto-hauler-sentenced-to-30-months-for-faking-fmcsa-records

Employee pleads guilty to stealing $7M from marine cargo company

An employee responsible for overseeing the finances of a U.S. Gulf Coast shipping company specializing in heavy-lift cargo pleaded guilty to embezzling over $7 million and making false statements on a federal income tax return.

Deepak “Jack” Jagtiani, who had been the comptroller of Metairie, Louisiana-based Dan-Gulf Shipping, admitted guilt in federal court Tuesday to both counts of an indictment filed against him in December.

Jagtiani, 60, admitted he used his authority to pay himself excessive...

https://s29755.pcdn.co/news/employee-pleads-guilty-to-stealing-7m-from-marine-cargo-company

Breaking: Former Arrow Trucking CEO Pielsticker released from prison early because of COVID-19

Former Arrow Trucking CEO James Douglas “Doug” Pielsticker has been released from federal prison nearly three years early because of a coronavirus outbreak at the Texas prison where he has been serving his 7.5-year sentence for tax evasion and conspiracy to commit tax fraud.

Pielsticker, 51, will remain on home confinement until May 2021, according to a Tulsa World report.

While at the helm of Tulsa-based Arrow Trucking, a flatbed carrier, Pielsticker stranded nearly 1,000 drivers all over the...

https://www.freightwaves.com/news/breaking-former-arrow-trucking-ceo-released-from-prison-early-because-of-covid-19