Ex-Roadrunner Execs Charged With $245M Accounting Fraud

Law360 (April 3, 2019, 9:28 PM EDT) -- Federal authorities are accusing three former executives of Roadrunner Transportation Systems Inc., including its ex-chief financial officer, of running a complex accounting fraud scheme that cost shareholders $245 million.

A superseding indictment filed in Wisconsin federal court on Wednesday charges Peter R. Armbruster, 60, with manipulating the trucking company's financial reports and using a variety of deceptive accounting maneuvers to make it appear that Roadrunner was meeting earnings targets.

Wednesday's indictment adds new charges and allegations to one filed by the U.S. Department of Justice last summer against Mark R. Wogsland and Bret S. Naggs, two former controllers for Roadrunner's truckload...

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