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<blockquote data-quote="SlugSlinger" data-source="post: 3302170" data-attributes="member: 7248"><p>This started over 3 years ago. Talk about a poorly ran company.</p><p></p><p></p><p>Sounds exactly like the WorldCom days With the fraud happening at that time. </p><p></p><p>Two former top executives at Indianapolis-based trucking and transportation company Celadon Group Inc. have been indicted for their roles in an alleged fraud scheme that federal prosecutors say cost the publicly traded company's shareholders more than $60 million.</p><p></p><p>Former Chief Operating Officer William Eric Meek, 39, and Chief Financial Officer Bobby Lee Peavler, 40, were arrested Thursday morning on nine counts each that include conspiracy to commit wire and securities fraud and conspiracy to make false statements to the company's accountants and falsify records. Peavler also is charged with two additional counts of making false statements to the company's accountants.</p><p></p><p>Josh Minkler, U.S. Attorney for the Southern District of Indiana, said Meek and Peavler each face decades in prison in the case investigated by the FBI, Department of Justice, U.S. Postal Inspection Service and the Securities and Exchange Commission.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3302170, member: 7248"] This started over 3 years ago. Talk about a poorly ran company. Sounds exactly like the WorldCom days With the fraud happening at that time. Two former top executives at Indianapolis-based trucking and transportation company Celadon Group Inc. have been indicted for their roles in an alleged fraud scheme that federal prosecutors say cost the publicly traded company's shareholders more than $60 million. Former Chief Operating Officer William Eric Meek, 39, and Chief Financial Officer Bobby Lee Peavler, 40, were arrested Thursday morning on nine counts each that include conspiracy to commit wire and securities fraud and conspiracy to make false statements to the company's accountants and falsify records. Peavler also is charged with two additional counts of making false statements to the company's accountants. Josh Minkler, U.S. Attorney for the Southern District of Indiana, said Meek and Peavler each face decades in prison in the case investigated by the FBI, Department of Justice, U.S. Postal Inspection Service and the Securities and Exchange Commission. [/QUOTE]
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