$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.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s