Draft:Doug Pielsticker
20:31, 18 October 2024 (UTC)Dpielsticker (talk)
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Doug Pielsticker | |
|---|---|
| Born | James Douglas Pielsticker |
| Education |
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| Occupation(s) | Former CEO of Arrow Trucking Company, President of Oilfield Tubulars |
| Criminal charges | Conspiring to commit bank fraud, tax fraud, and evading personal income taxes[1] |
| Criminal penalty | 7.5 years[2] |
| Criminal status | Released to home confinement in 2020[2] |
James Douglas Pielsticker is a businessman from Tulsa, Oklahoma, whose career began in the trucking industry and later transitioned into the oil sector. Formerly the CEO and owner of Arrow Trucking Company, Pielsticker’s rise to prominence was accompanied by significant challenges, culminating in legal issues that led to a brief incarceration. Today, however, he has rebounded, establishing himself as a successful entrepreneur in the oil industry.[3][4][5][6]
History: From Arrow Trucking to Legal Troubles
[edit]Doug Pielsticker came into the forefront as the leader of Arrow Trucking Company, a business originally founded by his father, Jim Pielsticker. Under Doug's leadership, Arrow grew rapidly, securing a prominent position in the U.S. trucking industry. However, despite its outward success, the company faced mounting financial difficulties. In 2009, Arrow Trucking abruptly ceased operations, leaving thousands of employees without jobs just before the holidays.
In 2015, Pielsticker was convicted of tax fraud and conspiracy to commit tax fraud in connection with Arrow's financial collapse. The charges involved falsifying records, tax evasion, and defrauding banks, resulting in a sentence of imprisonment . Despite these challenges, Pielsticker has since rebuilt his life and career.
Transition to the Oil Industry: A New Chapter
[edit]Following his release, Pielsticker transitioned into the oil industry, a natural pivot given the prominence of oil in Oklahoma's economy. He found success in this field, leveraging his business acumen and leadership experience to create new opportunities. Today, he operates in the oil sector, where his ventures have prospered, allowing him to regain his financial footing and reestablish his reputation in business .
Significance: Resilience and Reinvention
[edit]Doug Pielsticker's story is one of resilience and reinvention. After facing significant legal and personal challenges, he managed to adapt and thrive in a completely different industry. His experience in the trucking industry, combined with his entrepreneurial spirit, allowed him to succeed in the oil business, proving that setbacks can be temporary with the right mindset and determination .
Doug Pielsticker has been actively involved in several prominent organizations, reflecting his commitment to giving back. As the former president of the Heart Association, he played a key role in raising awareness and funds for heart disease research. He also contributed to wildlife conservation and education as a board member of the Tulsa Zoo. Additionally, through his membership in the Young Presidents Organization (YPO), Pielsticker has connected with global leaders, using his platform to support both business and philanthropic initiatives. His board work highlights a dedication to leadership and community service across diverse sectors.
Personal Life
[edit]James Douglas Pielsticker was born on (date of birth) in Tulsa, Oklahoma to James William Pielsticker and Carol Pielsticker Bump. He has four children.
References
[edit]- ^ Northern District of Oklahoma (4 February 2015). "Former Arrow Trucking Executive Pleads Guilty In Multi-Million Dollar Fraud". United States Attorney's Office (press release).
- ^ a b Killman, Curtis (7 May 2020). "Former Arrow Trucking CEO released from prison to go to home confinement". Tulsa World.
- ^ Hawes, Clarissa (7 May 2020). "Former Arrow Trucking CEO Pielsticker released from prison early because of COVID-19". FreightWaves.
- ^ Bisbee, Julie (21 September 2006). "Made in Oklahoma: Arrow Trucking". The Oklahoman.
- ^ Hood, Charles H. (4 July 2012). Big Rigs, Posh Digs, Fast Cars, Dark Bars! The Greed-Driven, Sex-Enhanced Ride That Cost Arrow Trucking Company $90 Million and Its Life!. E. J. Nolan (narrator) (Audiobook ed.). Charles H. Hood.
- ^ Stewart, D. R. (3 January 2010). "Arrow workers say CEO to blame". Tulsa World. p. A1. story continued on page A8