December 1, 2021

The former CFO of Roadrunner Transportation Systems Inc., Peter R. Armbruster, has been sentenced to two years in prison for participating in a complex accounting fraud scheme that resulted in the company filing materially false statements with the SEC, and eventually tens of millions of dollars in losses to investors.  Armbruster was found to have misrepresented Roadrunner’s expenses, which falsely inflated the company’s reported income.  DOJ

Tagged in: Accounting Fraud, Certifications, Criminal Proceedings,