- Associated Press - Friday, October 9, 2015

TULSA, Okla. (AP) - The former CEO and president of Arrow Trucking Company in Tulsa has been sentenced to seven-and-a-half-years in prison for fraud and tax evasion.

Federal prosecutors say 47-year-old former Tulsa resident James Douglas Pielsticker was sentenced Friday in federal court in Tulsa. Pielsticker - who last lived in Dallas - apologized to his family, the court and former Arrow employees before sentencing by U.S. District Judge Gregory Frizzell.

Pielsticker pleaded guilty in February to conspiracy, bank fraud and tax evasion during the year 2009. He was indicted in December on charges of defrauding the Internal Revenue Service out of more than $9 million and Transportation Alliance Bank of Ogden, Utah, out of about $15 million.

Arrow suspended operations on Dec. 22, 2009, leaving truck drivers stranded across the country.

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide