The former CEO of the now-closed Arrow Trucking has been denied his request for a reduced prison sentence.
James Douglas Pielsticker abruptly shut down Oklahoma-based Arrow Trucking just days before Christmas 2009, leaving hundreds of truckers stranded throughout the country without warning.
After the company’s closure, investigators determined that Pielsticker committed a large-scale financial fraud that led to Arrow’s demise.
In 2015, Pielsticker pleaded guilty to charges of conspiracy and tax evasion after investigators determined that Pielsticker failed to pay employee payroll taxes and used inflated invoices to secure large corporate loans, then used the company money for extravagant personal purchases including luxury cars and a wedding.
Following his plea of guilt, Pielsticker was sentenced to a seven-and-a-half-year prison term with a potential for up to $50 million in fines. He began serving his sentence on October 9, 2015.
In November of 2017, after two years behind bars, Pielsticker filed a motion to have his sentence reduced citing a change in federal sentencing guidelines that occurred after his sentencing
As reported by Tulsa World, a federal judge has since reviewed the motion and subsequently dismissed it, saying that “Pielsticker’s request relies on a gross misreading” of the ruling in a similar court case, and that the change in sentencing guidelines would not have changed Pielsticker’s prison time.
Pielsticker will remain in prison to serve the remaining time in his seven-and-a-half-year sentence. He’s scheduled to be released from prison on August 18th, 2022.
