A previous IT worker at Swift Transportation has pleaded guilty to federal felony expenses linked to a number of alleged scams in which he embezzled $1.65 million from the provider big above the program of three several years, according to courtroom paperwork.
David Dwight Reynolds, a network engineer at the Phoenix-centered Swift, built hundreds of thousands of pounds in private buys on company credit history cards, which he disguised as company buys, among 2013 and 2016. He also among 2014 and 2016 produced a faux company and utilized it to bill Swift for hundreds of thousands of pounds in invoices for function executed by true contractors. Equally strategies cheated Swift out of much more than $800,000, combining for the whole of $1.65 million.
Prosecutors say Reynolds utilized Swift credit history cards to purchase objects like cellphones, furnishings, TVs, cameras, computer systems, welding products and gun extras — amounting in the three-calendar year span to $865,000 in buys. He would then build fraudulent invoices to file with his supervisors to cover the private charges.
The fraudulent organization he produced, PNG Answers, would bill Swift for IT function executed by other contractors, according to courtroom documents. He would spend the contractors with a Swift credit history card, and then deliver an bill, usually for a larger amount of money, to Swift’s accounts receivable department to situation a check to PNG Answers for the function executed by the true contractor. Reynolds embezzled yet another $800,000 out of Swift with the replicate invoices, according to courtroom documents.
Reynolds entered a guilty plea to felony expenses of wire fraud, mail fraud, money laundering and tax evasion. He’s because of in courtroom April 4 to spend Swift $2 million restitution and to spend $560,000 in back taxes, as perfectly as to experience sentencing.