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.
Source: overdrive, ccj, truckersreport, truckersreport, truckersreport, truckersreport
7 comments. Add a comment.
Samuel R Gallezzo says
Finally a judge who gets it.
Mr Pielsticker, should also spend a month with no air, no heat, in a truck that won’t start, and no phone to talk to his loved ones in Chicago. This man has several restitutions to the drivers of this country. On second thought go ahead let this man out of prison and let the drivers make there own restitution.
Hang the bum…
Douglas Kirk says
Robert Fallin says
repaying 22 mil wont be easy but given the past history of the truckin industry it can be done. Of course it will be at the expense of drivers or the next low man on the totem pole. He will be back in the industry, i promise …
As long as he is paying something, they’ll let it go. He’ll never pay the whole 22 million, just whatever the minimum is that he can get away with. There may even be a shift of assets, followed by a bankruptcy. He’ll put it all in one of his kids’ names, and then cry poverty until they either stop watching him, or let him off the hook.
When you steal that much money, you need to be shot or hung. That’s more than most people will make in their lifetimes, by orders of magnitude, which effectively means that he stole whole lifetimes away from other people. Jailing him just means that we have to pay for his care and feeding, again, and since it’s a white collar crime, he’ll get your stay in the nice prison.
Just kill him and be done with it. How many of us get 2 million dollars per year for picking up cigarette butts on a military base golf course? 15 million dollas stolen, divided by 7.5 years in prison… 2 million dollars per year.
Brian Chapman says
Scumbag, thank God I got out in September. Lots of good people who I knew didn’t, including the office staff. Club Fed is too good.
He deserves the exact same thing that he put his employees through.
I hope that he’s got a hard bid in prison, but somehow I doubt it.