Former exec accused of stealing $1.4M from company

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PORTLAND, Ore. (AP) - Federal prosecutors say a former executive of a Beaverton-based freight data tracking company is accused of stealing more than $1.4 million from the business.

The Oregonian reports (http://is.gd/qURL9F ) that 46-year-old David A. Schrader of Portland is accused in an indictment of submitting false expense reimbursement requests while working for DAT Solutions between March 2003 and January 2014. The business was formerly called TransCore and Schrader was the company’s senior vice president of operations until January.

He pleaded not guilty to a wire fraud charge earlier this month.

The U.S. attorney’s office says Schrader has been released from federal custody. He’s due back in federal court in June.

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Information from: The Oregonian, http://www.oregonlive.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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