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$15 Million Stolen From Arrow By CEO

Former CEO and President of Arrow trucking was indicted last week of 23 counts of fraud and tax evasion. He has been accused of using arrow accounts to pay for his personal expenses which equate to $15 million with another $5 million in tax evasion. Some of the money was spent on his wedding, several luxury cars, personal credit cards and depositing money into his wife’s account. He also kept employee withheld money that was suppose to go toward federal income taxes and social security. Arrow shut down without notice in last 2009 before filing for bankruptcy.



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