The former CEO of Arrow Trucking, James “Doug” Pielsticker has just been told that his request to get out of prison early has been denied.
Arrow Trucking’s demise has grown to legend in the trucking industry. Sure, your carrier is bad, but is it ‘closes with no warning, leaving drivers stranded with no pay all over the country just before Christmas’ bad?
Pielsticker pled guilty to charges of tax evasion and conspiracy to commit tax fraud back in February of 2015, and was sentenced to 7.5 years in prison. He had allegedly been stealing money from employee paychecks, artificially inflating invoices to take out large loans from a bank, and using the company funds to pay for his own lavish lifestyle – including purchasing a Bentley and a Maserati. In total he reportedly stole around $15 million from the company.
In November of last year, Pielsticker filed a motion to have his prison sentenced reduced based on a previous ruling in what he claimed was a similar case.
“A reduction in his sentence, whether significant or slight under the guidelines, would be of significant importance to Mr. Pielsticker,” said the motion according to Tulsa World. “The sooner he can reunite with his family and begin piecing their life back together, the better.”
Instead, when the judge dismissed the motion, he told Pielsticker that his believing that the request would be valid “relies on a gross misreading” of the other court decision.
Pielsticker will be done serving his sentence on August 18th, 2022 and will then also have to serve three years of supervised release and pay restitution of $22 million.