Pilot Flying Js board of directors has confessed criminal responsibility to the tune of $92 million in fraudulent profits and has entered into an agreement with federal prosecutors to pay $92 million in fines and another $85 million in restitution to more than 5,000 customers.
Mosher said he went over spreadsheets with Pilot Flying J's then-president, Mark Hazelwood, and its current chief executive officer, Jimmy Haslam, that detailed how much cash he saved Pilot Flying J, a truck stop and convenience store company that Forbes magazine calls the 15th largest private company in the United States, by paying trucking firms a much lower discount on diesel fuel purchases than he promised. (aka fraud)
Early on, I would explain the way the spreadsheet was laid out, he said. But later on we would just look at the bottom line.
