The Department of Justice's Office of Public Affairs announced the sentencing for former Arrow Trucking executive's involvement in a multi-million dollar tax fraud scheme:
Former CEO and president of Arrow Trucking, James Douglas Pielsticker, was sentenced to serve seven and a half years in prison for conspiracy to defraud the United States, bank fraud, and tax evasion. According to the plea agreement and other court records, in 2009, Pielsticker conspired to defraud the United States by failing to pay for federal withholding taxes on behalf of Arrow Trucking Company and making payments to Pielsticker outside of the payroll system.
“Corporate officers who willfully fail to report and pay over employment taxes and use that money for their own benefit are violating their obligations to their employees and the United States, stealing from the U.S. Treasury, and giving their companies an unfair advantage over competitors that comply with the law,” said Acting Assistant Attorney General Ciraolo. “Today’s sentence is a warning to those individuals who refuse to carry out their fiduciary duties that the United States will investigate them, prosecute them, and seek lengthy prison sentences for their crimes.”
“Today’s sentencing reflects the Northern District’s strong commitment to ensuring that justice is served,” said U.S. Attorney Williams. “Along with our law enforcement partners we will aggressively pursue financial crimes. Mr. Pielsticker conspired to defraud millions of dollars in part for his personal benefit including a wedding and Bentley and Maserati automobiles.”
To learn more about the case and to read the article in its entirety, click here.
