Has Doug Pielsticker ever been prosecuted?

Discussion in 'Arrow' started by fr8te_sh8ker, Sep 15, 2013.

  1. fr8te_sh8ker

    fr8te_sh8ker Medium Load Member

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    According to TAB (Transportation Alliance Bank) Doug Pielsticker, Arrow President and CEO, committed fraud and was sued in civil court.

    The 61 year old company went out of business in a matter of months.

    Drivers were paid first with assets. Equipment was sold off to repay TAB.

    Doug Pielsticker and other executives stood accused by TAB of bank fraud and wire fraud of 12.5 million dollars.

    Why no criminal charges for any of them? Or were charges filed?

    I can't find additional information on Arrow Trucking former executives.
     
    Last edited: Sep 15, 2013
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  2. ironpony

    ironpony Road Train Member

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    He didn't use a gun. There will be no criminal charges, yet he is a thief.
     
  3. fr8te_sh8ker

    fr8te_sh8ker Medium Load Member

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    'k.

    So, if he stole your semi from you without using a gun would he be prosecuted?

    His company garnished wages for child support and he stole that money... he didn't use a gun for that either.

    Did I miss your point somehow?
     
  4. ironpony

    ironpony Road Train Member

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    Nope... white collar crime is rarely prosecuted, except in the hereafter. The only folks with enough clout to do anything are at TAB, and all they could do is go after whatever assets he had left. The IRS no doubt has issues with him, and if he ever earns a penny again in this life, they will want their slice.

    Sorry. Plan on dancing on his gravestone.
     
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  5. fr8te_sh8ker

    fr8te_sh8ker Medium Load Member

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    That line will be a long line.
     
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  6. drvrtech77

    drvrtech77 Road Train Member

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    Doug pielsticker is currently executive vp of transpoint logistics in Dallas.
     
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  7. Passin Thru

    Passin Thru Road Train Member

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    They prosecuted Bernie Ebbers of MCI fame and he's in for the rest of his life. My wife worked there and we probably lost 500K in retirement.
     
  8. Roadmedic

    Roadmedic Road Train Member

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    Truth....

    Look at Enron, Worldcom, and the banks anymore.
     
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  9. slowpoke89

    slowpoke89 Road Train Member

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    Prosecution would be too kind for white collar criminals like him. Personally if it were up to me him and the rest of the thieving scum at that company would be subjected to a long, slow, violent, agonizing public execution, with every other major corporate CEO in the country forced to watch at gunpoint as a warning.
     
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  10. Jarhed1964

    Jarhed1964 Road Train Member

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    Are you ******in me with this? What moron would hire that thief/coiled turd/sob for toilet scrubber? Personally, (and I realize I might get in trouble for this) I hope some disgruntled employee finds him in an alley and deals out the proper punishment. I personally think he has way too many teeth and should be relieved of the majority of them, and frankly, I'm not very comfortable sharing the same oxygen with him. I'm voting him off the island.
     
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