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Former Arrow CEO Doug Pielsticker Pleads Guilty to Tax Evasion, Fraud

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Tweet Print This Shane Bevel/Bloomberg News Former Arrow Trucking Co. CEO Doug Pielsticker pleaded guilty to federal tax evasion and fraud charges in a Tulsa, Oklahoma, courtroom on Feb. 4. Pielsticker faces up to 10 years in prison and a fine of up to $500,000, according to a plea agreement that reduced the number of criminal counts to two from 23. The plea agreement said Pielsticker also could be given an alternative fine that could total up to $25.6 million, double the gross amount of losses his victims sustained. His sentencing...

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