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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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Has Doug Pielsticker ever been prosecuted?
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<p>[QUOTE="fr8te_sh8ker, post: 3539263, member: 119568"]According to TAB (Transportation Alliance Bank) Doug Pielsticker, Arrow President and CEO, committed fraud and was sued in civil court.</p><p><br /></p><p>The 61 year old company went out of business in a matter of months.</p><p><br /></p><p>Drivers were paid first with assets. Equipment was sold off to repay TAB.</p><p><br /></p><p>Doug Pielsticker and other executives stood accused by <a href="http://www.tulsaworld.com/site/printerfriendlystory.aspx?articleid=20100222_11_0_former998308" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.tulsaworld.com/site/printerfriendlystory.aspx?articleid=20100222_11_0_former998308" rel="nofollow">TAB of bank fraud and wire fraud of 12.5 million dollars</a>.</p><p><br /></p><p>Why no criminal charges for any of them? Or were charges filed? </p><p><br /></p><p>I can't find additional information on Arrow Trucking former executives.[/QUOTE]</p><p><br /></p>
[QUOTE="fr8te_sh8ker, post: 3539263, member: 119568"]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 [URL="http://www.tulsaworld.com/site/printerfriendlystory.aspx?articleid=20100222_11_0_former998308"]TAB of bank fraud and wire fraud of 12.5 million dollars[/URL]. Why no criminal charges for any of them? Or were charges filed? I can't find additional information on Arrow Trucking former executives.[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
Forums
>
Good & Bad Trucking Companies
>
Motor Carrier Questions - The Inside Scoop
>
Trucking Company Forums
>
Arrow
>
Has Doug Pielsticker ever been prosecuted?
>
Reply to Thread