An Arizona man has pled guilty to federal charges after reportedly duping former employer Swift Transportation out of $1.65 million.
One-Time Swift IT Worker Pleads Guilty To Numerous Felony Charges
Glendale resident David Dwight Reynolds, 29, has pled guilty to felony charges of tax evasion, mail fraud, money laundering, and wire fraud, according to today’s announcement from federal authorities. He is said to have entered into a plea deal on December 20.
Prosecutors say that Reynolds will be required to repay the $1.65 million in full.
Reynolds began working at Swift as an information technology network engineer in April 2013 and was given two purchasing cards to use for work-related transactions, according to reports. Court documents allege that by October 2013, Reynolds had begun to use Swift’s purchasing cards to make fraudulent purchases of electronic items and furniture.
Court: Worker Bought Hundreds Of Thousands Worth Of Electronics And Furniture With Company Cards
Reynolds is accused of making over $850,000 worth of personal purchases of items such as furniture and electronics on his Swift Transportation company cards over the course of three years.
Reynolds also stands accused of creating a new company called PGN Solutions LLC and duping Swift into paying that company, which he claimed was a third party contractor. Court documents allege that Reynolds and his wife used the more than $800,000 that Swift payed to PGN Solutions to pay off credit cards and student loans.
Reynolds was indicted in June 2017.
The IRS and FBI were both involved in the investigation into the alleged fraud.
Reynolds is scheduled for sentencing on April 4 in the U.S. District Court in Phoenix.