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Former Swift employee pleads guilty to embezzling $1.65M from Swift Transportation


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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.


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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

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 “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!’


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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. 

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.

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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!

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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

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