A man accused of defrauding Swift Transportation out of more than one million dollars has pleaded guilty to the charges.
David Dwight Reynolds was arrested in June of 2017 for an alleged fraud that began around 5 years ago.
In April of 2013, Reynolds was hired as an IT network engineer for Swift Transportation, a position that allowed him to use Swift expense cards to pay third party companies for services provided to the Swift IT department.
Reynolds soon began making inappropriate charges to his expense cards, and even opened a bank account under a fake company name in order to collect funds for himself.
By the time he was discovered around three years later, Reynolds had used over $1.5 million of Swift’s money to purchase electronics and furniture for personal use, as well as pay off personal credit cards and student loans.
Initially, Reynolds pleaded not guilty, but on December 20th, 2017 he entered a plea deal. Because of the deal, on Tuesday, January 2nd in Phoenix, Arizona, Reynolds pleaded guilty to charges of mail fraud, wire fraud, tax evasion, and transactional money laundering, reported The Sacramento Bee.
Reynolds is scheduled to be sentenced on April 4th, 2018 in Phoenix, Arizona. He will be required to pay full restitution.
