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Arrow Trucking CEO Sentenced to 7.5 Years for Tax Fraud

The former head of the defunct carrier Arrow Trucking, James Douglas Pielsticker, has been sentenced to 7 ½ years in prison for tax evasion and fraud.

by Staff
October 12, 2015
Arrow Trucking CEO Sentenced to 7.5 Years for Tax Fraud

 

1 min to read


The former head of the defunct carrier Arrow Trucking, James Douglas Pielsticker, has been sentenced to 7 ½ years in prison for tax fraud, according to a report from the Tulsa World.

The Oklahoma-based Arrow closed without warning in late 2009. Pielsticker was indicted last December on charges of tax fraud and using company money to lead a lavish lifestyle. He pleaded guilty to federal charges of tax evasion and conspiracy to commit tax fraud in February and was finally sentenced on Oct. 9.

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Arrow’s former vice president, Jonathan Moore, testified that Pielsticker was spending company money on his home while the company had trouble making ends meet. He reportedly spent $70,000 on a portrait of his wife and $80,000 on a baby nursery. Moore was also implicated in the fraud scheme.

Pielsticker was found responsible for $11 million in fraudulent invoices to Transportation Alliance Bank and $10 million in unpaid payroll taxes. Bankruptcy proceedings showed that Arrow had $8.5 million in assets but almost $100 million in liabilities at the time of its closure.

Due to a heart condition that needed medical attention, Pielsticker has been ordered to report to prison by Jan. 7, 2016.

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