Today, it was reported that Jimmy Haslam's company, Pilot
Flying J, will pay approximately $92 million in fines to the government. Haslam
is also the owner of the NFL's Browns and brother to the governor of Tennessee.
Under the terms of the deal, it is unlikely that the US Attorney's Office will
prosecute Mr. Haslam for the allegations that his company engaged in an
elaborate rebate scam in which thousands of trucking companies were defrauded.
The scam is alleged to have occurred from 2007 up until the
corporate offices were raided by the F.B.I. in April 2013. A large class action
was filed against Pilot Flying J, but most of the claimants have settled their
claims. There are still claims pending against the corporation in various
courts. See my previous blog posts for more background on this story.
For more on the deal Mr. Haslam got with the government,
click the link below:
