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#internal-controls
(3 articles)Risk & Disruption
ModerateAug 7, 2026Truck Driver's $510K Fuel Card Fraud Exposes Payment System Gaps
A West Virginia truck driver admitted to stealing over $510,000 through a sophisticated fuel card fraud scheme that involved creating fictitious service stations on online payment platforms rather tha
FreightWaves#fuel-card-fraud#internal-controls#payment-processing
Risk & Disruption
ModerateJul 6, 2026Freight Broker Controller Embezzles $3.2M: Internal Controls Fail
A controller at Austin Freight Systems pleaded guilty to federal wire fraud charges after embezzling $3.2 million from the Texas freight brokerage between October 2023 and March 2025. Mitchell David S
FreightWaves#embezzlement#freight-fraud#internal-controls
Risk & Disruption
ModerateMay 29, 2026Hub Group CFO, COO Exit After $77M Accounting Error
Hub Group announced the departure of its chief financial officer Kevin Beth and chief operating officer Brian Meents following the discovery of a significant accounting error that requires restating f
FreightWaves#accounting-error#financial-restatement#hub-group