kscarbel2 Posted January 10, 2018 Share Posted January 10, 2018 James Jaillet, Commercial Carrier Journal (CCJ) / January 9, 2018 A former IT worker at Swift Transportation has pleaded guilty to federal felony charges related to several alleged scams in which he embezzled $1.65 million from the carrier giant over the course of three years, according to court documents. David Dwight Reynolds, a network engineer at the Phoenix-based Swift, made hundreds of thousands of dollars in personal purchases on company credit cards, which he disguised as company purchases, between 2013 and 2016. He also between 2014 and 2016 created a fake company and used it to bill Swift for hundreds of thousands of dollars in invoices for work performed by real contractors. Both schemes cheated Swift out of more than $800,000, combining for the total of $1.65 million. Prosecutors say Reynolds used Swift credit cards to buy items like cellphones, furniture, TVs, cameras, computers, welding equipment and gun accessories — amounting in the three-year span to $865,000 in purchases. He would then create fraudulent invoices to file with his supervisors to hide the personal expenses. The fraudulent firm he created, PNG Solutions, would bill Swift for IT work performed by other contractors, according to court records. He would pay the contractors with a Swift credit card, and then send an invoice, often for a higher amount, to Swift’s accounts receivable department to issue a check to PNG Solutions for the work performed by the real contractor. Reynolds embezzled another $800,000 out of Swift with the duplicate invoices, according to court records. Reynolds entered a guilty plea to felony charges of wire fraud, mail fraud, money laundering and tax evasion. He’s due in court April 4 to pay Swift $2 million restitution and to pay $560,000 in back taxes, as well as to face sentencing. . Quote Link to comment Share on other sites More sharing options...
HarryS Posted January 10, 2018 Share Posted January 10, 2018 Sounds like he was livin' large as they say. What do you think the chances of him paying restitution and back taxes are? Quote Link to comment Share on other sites More sharing options...
Freightrain Posted January 10, 2018 Share Posted January 10, 2018 As they say........"it was fun while it lasted".......... Quote Larry 1959 B61 Liv'n Large...................... Charter member of the "MACK PACK" Link to comment Share on other sites More sharing options...
Popular Post BillyT Posted January 10, 2018 Popular Post Share Posted January 10, 2018 They could train him to get a class A CDL and make him drive for Swift (the slow truck with the fast name!) Until he earns the money, equivalent to a death sentence! Lol! 3 Quote Link to comment Share on other sites More sharing options...
BC Mack Posted January 10, 2018 Share Posted January 10, 2018 doesn't say too much for their accounts dept audit and oversight.... BC Mack Quote Link to comment Share on other sites More sharing options...
blackdog2 Posted January 10, 2018 Share Posted January 10, 2018 (edited) Thats a common" dezease" in America we had one here at a local ready-mix company he was picking up checks sending out re-dispatch hes the operation manager so who watching him ? . Edited January 10, 2018 by blackdog2 Quote Ed Link to comment Share on other sites More sharing options...
Lmackattack Posted January 10, 2018 Share Posted January 10, 2018 But did he ever crash,roll the truck over, get the truck stuck in a ditch, hit a low bridge? drop a trailer?????? I bet he was Swifts #1 employee and they ruined it for him and the company. SMH Quote Link to comment Share on other sites More sharing options...
41chevy Posted January 11, 2018 Share Posted January 11, 2018 He NEVER would have been caught if he scammed them on their truck accident insurance claims and would have made easily double or triple the money 1 Quote "OPERTUNITY IS MISSED BY MOST PEOPLE BECAUSE IT IS DRESSED IN OVERALLS AND LOOKS LIKE WORK" Thomas Edison “Life’s journey is not to arrive at the grave safely, in a well preserved body, but rather to skid in sideways, totally worn out, shouting ‘Holy shit, what a ride!’” P.T.CHESHIRE Link to comment Share on other sites More sharing options...
HeavyGunner Posted January 11, 2018 Share Posted January 11, 2018 11 hours ago, HarryS said: Sounds like he was livin' large as they say. What do you think the chances of him paying restitution and back taxes are? Zero. 12 or 13 years ago some turd stole my wife’s car and just trashed it to the point when it was found it had to be towed as was far more money to fix it than it was worth. Once or twice a year a check from the government from the car thief comes in and the largest we’ve seen is $6 or $7 that’s it. At that rate we will die before he ever pays his restitution to us. Quote The problems we face today exist because the people who work for a living are outnumbered by the people who vote for a living.The government can only "give" someone what they first take from another. Link to comment Share on other sites More sharing options...
BillyT Posted January 13, 2018 Share Posted January 13, 2018 Heavy Gunner you should consider yourself lucky! That is the first time I've ever heard of anyone ever getting anything from one of those uninsured unlicensed strokes! Maybe the attorney who engineered his "plea deal" should buy you a new car, you can be sure he got paid! Quote Link to comment Share on other sites More sharing options...
BillyT Posted January 13, 2018 Share Posted January 13, 2018 When I was a car hauler, which is one of the highest paying union jobs, One of our drivers found a TS receipt book on the counter, and made up a receipt for a tire repair and turned it into the company! The company of course called the TS to verify the repair, and they said it didn't happen! So he lost his job! ...for 8.00! Even in 1975 nobody repaired a truck tire for 8.00! The only thing worse than a thief is a stupid thief! The company probably wouldn't have questioned the repair if he made it out for a reasonable figure! Lol Quote Link to comment Share on other sites More sharing options...
blackdog2 Posted January 28, 2018 Share Posted January 28, 2018 WE had a bank last week employee 560,000 she didn't think it would miss it 7-ederly accounts tap into over 2-years in Farmington Conn. Quote Ed Link to comment Share on other sites More sharing options...
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