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Two Roadrunner Transportation Systems execs charged in $245M securities fraud scheme

Jaclyn Jaeger | June 18, 2018

The Department of Justice has charged two former executives of Roadrunner Transportation Systems, a publicly traded transportation and trucking company formerly headquartered in Cudahy, Wisconsin, in an indictment unsealed on June 15 for their alleged participation in a complex accounting and securities fraud scheme that resulted in a loss of more than $245 million in shareholder value.

Mark Wogsland and Bret Naggs were charged in an indictment filed in the Eastern District of Wisconsin with one count of conspiracy to make false statements to a public company’s accountants and to falsify a public company’s books, records, and accounts; one count of conspiracy to commit securities fraud and wire fraud; three counts of securities fraud; and four counts of wire fraud. 

Naggs, the former controller for Roadrunner’s Truckload operating segment, and Wogsland, the former controller and director of...

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