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Tag: fraud
Overdrive Radio
Double-brokered freight fraud: How to prevent, with a U.S. postal inspector who cracked case
In this edition of the Overdrive Radio podcast, postal inspector Steve Cohen details how the scheme works and how motor carriers can stop it. Listen here.
November 13, 2020
Business
How borrowers, sometimes unknowingly, sign away their assets in MCA contracts
When signing a merchant cash advance contract, understanding important legal provisions can help owner-operators and small fleets avoid signing away assets.
June 29, 2020
Business
Critics say trust fund surety fails to protect truckers in claims against brokers
Critics note brokers' trust fund sureties can exist with little or lax regulation, and with too few trust assets backing them up. Learn more here on Overdrive.
March 4, 2020
Business
A ‘hit it and move on’ broker scam — and more loopholes
As brokerage scams multiply, learn from Allan Workman’s experience with Cedar Freight and discover an important loophole scammers exploit here.
March 2, 2020
Business
‘You just lose’ when middlemen don’t pay: Broker reform eight years in the waiting
Who is to blame for the lingering transportation brokerage problems and lack of attention to MAP-21? Read more details here on Overdrive.
February 28, 2020
Business
How to file against a broker’s bond — and other collections-related resources
When it comes to working with brokers, nonpayment has been an issue for many owner-operators. Learn how to file against the broker's bond and more on Overdrive.
January 23, 2020
Channel 19
When the broker disappears with the owner-op’s money
Broker launches new authority in July, surety is now pending cancellation after a run-up in claims. Sound familiar? Owner-op Allan Workman is owed money, and is on a mission to shine a light on the intrastate/exempt commodities surety exceptions that he believes prolongs the viability of such an operation.
November 5, 2019
Voices
POLL: Ever filed on a broker’s bond over nonpayment on an intrastate load?
We’ve seen more than one instance of late on in-a-single-state moves where surety-bond claims after a broker’s nonpayment come back invalid, uncovered — to say nothing of the same on loads of exempt commodities. What’s been your experience filing on bonds for intrastate loads, such as it may be?
October 24, 2019
Business
Trucking rap sheet: HHG moving fraud scheme, CDL fraud, more
Action in three trucking-related crimes – including a household goods moving fraud scheme, a commercial driver’s license scheme and computer-related fraud – has recently been reported by the Department of Transportation’s Office of Inspector General.
July 5, 2019
Business
SEC alleges former Roadrunner CFO issued phony financials
Roadrunner last January acknowledged accounting discrepancies that occurred between 2011 and 2016, to the tune of $66.5 million. The SEC alleges that former Roadrunner CFO Peter Armbruster misled investors with altered financial reports.
April 4, 2019
Business
Trucking rap sheet: Household goods moving fraud, cargo theft, false DOT exams
Action in three trucking-related crimes has been reported by the DOT’s Office of Inspector General. Get details on the trucking industry crime reports here.
February 7, 2019
Channel 19
Avoid getting stiffed: New flag on brokers with bonds pending cancellation can be effective recon tool
If a surety provider’s notice of cancellation of a broker’s bond can’t result in an immediate suspension because of “the need for rulemaking,” as FMCSA has noted, “that is a catch-22,” one watcher says, a “stretch of highway 100 miles long” with no stop signs against a fradulent broker doing business with no intent to pay. There’s a stop sign available now.
December 10, 2018
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