Ex-Arrow Trucking CEO Indicted On Fraud Charges - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Ex-Arrow Trucking CEO Indicted On Fraud Charges

Posted: Updated:
Almost five years after the demise of Arrow Trucking Company in Tulsa -- the company's former chief executive officer and president has been indicted on bank and tax fraud charges.

Federal prosecutors say Doug Pielsticker was indicted Friday in Dallas -- where he now lives -- and will be returned to Tulsa.

12/5/2014 Related Story: Former Arrow Trucking CEO Accused Of Fraud, Tax Evasion

12/4/2014 Related Story: Former Arrow Trucking CEO Arrested In Dallas

Court documents do not list an attorney for Pielsticker.

The indictment alleges Pielsticker provided false and misleading invoices to Transportation Alliance Bank of Ogden, Utah, in order to collect more money from the company's credit line -- costing the bank just more than $15 million. Pielsticker also allegedly owes about $9.5 million in unpaid payroll and personal taxes.

Arrow unexpectedly closed its doors three days before Christmas in 2009, leaving hundreds of workers jobless and drivers stranded across the country.

Related Story 2/23/2010: Arrow Trucking CEO: 'No Knowledge' Of Financial Troubles

3/4/2011 Related Story: Tulsa Mansion Belonging To Former Arrow Trucking CEO To Be Auctioned Off

Special Features

Bridge Tracker

How safe are Oklahoma?s bridges? Use Bridge Tracker to find out now.

Fallen Heroes

The News On 6 honors our fallen Oklahoma heroes. View our interactive timeline.


Looking for a website or event you heard mentioned on The News On 6? Find it here!

Murrah Bombing Timeline

Learn more about the events leading up to and following the bombing.

Live Traffic

Get the latest road conditions on Green Country roadways.

Live Radar

WARN Interactive

Featured on NewsOn6.com

  • Cold Cases

    Join Lori and local homicide detectives as they search for Cold Case clues.

  • Crime Survival Guide

    What can you do to survive a crime? Find advice for personal safety here.

  • Links

    Looking for a website you heard mentioned on News On 6? Find it here!

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.