A former Swift employee has been sentenced to 56 months in prison and ordered to pay $2.2 million after he embezzled $1.65 million from the company.
David Reynolds was an IT network engineer for the carrier. As part of his job, he was given two company expense cards and had the power to hire third-party contractors.
Just six months after he was hired he started using the company cards for personal purchases. He would create fake invoices for items including TVs, cell phones, and computers – but also for items like furniture and gun accessories. Over the course of three years he racked up a bill of $865,000 spent on personal items.
After a few months of using company credit cards, Reynolds created a shell company, PGN Solutions LLC. He then “hired” the company to do third-party contracting work for Swift. He would generate fraudulent invoices and have Swift pay his company. By the time he was arrested, PGN had collected $800,000 from Swift.
His fraud was discovered after a joint investigation by the IRS and FBI. Reynolds owed $355,720 in taxes based on his fraudulent income that he never paid.
As part of a plea deal, Reynolds pled guilty to mail fraud, wire fraud, tax evasion, and transactional money laundering.
Source: overdrive, azcentral, usnews, arizonadailyindependent, truckersreport
Instagram: MuthaTrucka69 says
This story is so old..
Samuel Gallezzo says
So this guy did what Swift has done for decades. They should give him a medal.
Mario Alberto Garza says
What goes around comes around for cheating drivers up and down the road but they waste more money on accidents and paying trainers that do not even know how to back up sorry
c says
You sound like a new driver to our world. backing up is different each time around. Some students are Pros the first time some are not . You just dont get in and drive away. What else have you as a first timer learned. All drivers learn every day to drive not one day is the same as yesterday. No one said the Drivers were bad just the man who created the Fraud. And he didnt even share .
Roderick Holcombe says
Very well said.
Link says
Wait a minute, he got caught because he didn’t pay his taxes on the “income “. If he had, wouldn’t that make the IRS guilty by association for receiving stolen property and possession of stolen property?
IRS the only department that doesn’t care how you got the money they want their share.
Cece says
You ate brilliant Watson just brilliant
Deadwood says
+1000
Tommy Molnar says
Old story or not, he was damned near a genius with the way he pulled this off – until he got caught of course. Like most crooks who get a good thing going, he got greedy. If he’d just slowly milked Swift month after month he’d probably still be there slowly getting rich.
And what better company to see this happen to???
c says
Are you going to public a fiction novel? He was quite brilliant about all of that , But the IRS needed a big portion.
Gary says
Swift had it coming thay. Still do been there done that. I’m in a lawsuit right now over it
Ed says
My standard comment is that the loudest bitching about Swift drivers comes from drivers who Swift turned down or they know would not hire them because their MVR is pure D shit.
Redneck Romeo says
Smart + Trucking = Not mixable
Deaconblues62 says
LOL, 😁
Max Moore says
Have you ever noticed that companies are often the opposite of their title, like Quality Home Furnishings is usually the seediest place in town and Budget Cleaning Service is usually the most expensive? Well…. Swift, who can’t pass a Swift truck?
Red says
Haha why in the world would you commit a few felonies and defraud a major corporation for millions and mask it good enough to not get caught by them…. and then NOT pay taxes on the embezzled money!! Now that’s some serious greed right there. If he would’ve just paid the government their share of the loot, he would probably still be doing this right now…
Ron Jewell says
Swift will probably rehire him after time served! Then show him how not get caught!
Jude says
More proof the government hates competition.
Deaconblues62 says
I wonder who was it that was helping him?
After all it was a PLEA DEAL; 56 months LOL, He could have gotten 30years, hummm, what’s the rest of the story?
Glenn says
The moral of the story is to not get greedy like this clown obviously did, pay your taxes or you pay the piper. Al Capone got away with murder for years until he didn’t pay his taxes & Uncle Sam tracked him down & the rest is history.