fraud scheme

Load board fraud is gaining attention after The Wall Street Journal reported Truckstop, a leading load board provider, found reports of fraud increased 400% from Q4 2021 to Q4 2022, the highest level since 2004, when it began tracking the data. This article prompted Craig Fuller, CEO and founder of FreightWaves, to write an article on Tuesday arguing for massive load board providers to take greater responsibility for instances of fraud that take place on their platforms.

The owner of a Wisconsin fuel company admitted he defrauded investors out of nearly $6.3 million over a two-year period.

Christen Diane Schulte, 35, of Washington, Missouri, was sentenced to six years and eight months in federal prison for embezzling more than $700,000 from a family-owned trucking company and farm.

David Owen West pleaded guilty to fraud and money laundering in federal court, admitting he orchestrated an elaborate scheme to defraud his former employer, Petco Petroleum Corp., out of more than $400,000.

An Oregan man was recently sentenced to over eight years in prison and ordered to pay back over $3.2 million for his role in an elaborate fraud scheme while living in Hawaii.