Former Trucking Company Officials Indicted In Fraud Scheme

Two former senior management officials at an Indianapolis-based transportation and trucking company have been charged in a securities and accounting fraud scheme.

The U.S. Attorney’s office for the Southern District of Indiana says William Meek and Bobby Lee Peavler were named in an indictment unsealed Thursday in federal court in Indianapolis. They appeared in court on conspiracy to commit wire, bank and  security fraud and other charges.

Earlier this year, Celadon Group, Inc. agreed to pay $42.2 million in restitution to settle securities fraud charges stemming from falsely reporting inflated profits and assets to investors.