Big Greed, Trucking Exec Charged With Embezzlement

Big Greed, Trucking Exec Charged With Embezzlement

Big Greed, Trucking Exec Charged With EmbezzlementA  Vouk Transportation Inc. executive has been charged with embezzling more than $250,000 from the trucking company’s pension fund.

From 2004 to 2010, Leander J. Muncy III served as the president, vice president and trustee over the company’s  employee profit-sharing program.

“While he was trustee, authorities allege Muncy embezzled $270,707 from the plan, $224,500 of which was taken in the form of checks he wrote to himself or to a company he formed called B&E Transport,” the Trucker reported.

Additionally, the U.S. Attorney’s Office states that Muncy diverted more than $46,000 in loan payments directly into his personal account that were intended for the company’s profit-sharing plan.

On February 2, Muncy pleaded guilty of the charges.

At sentencing, a North Little Rock, Arkansas judge charged Muncy with embezzlement and sentenced him to repay $268,719 in restitution and serve two years in jail.

According to a company profile, the company is privately owned and has 20-50 employees.