Ford sentenced to 15 months for pension theft

Monday, July 7, 2008

Former Dyersburg truck company owner Freddie Ford was sentenced to 15 months in federal prison on July 3 for stealing from the firm's pension fund.

Ford, former owner of the AirTrans transportation concern based out of terminal at Four Points south of Dyersburg, was indicted in December 2006 for embezzling more than $10,000 from the firm's 401(k) account. A jury found Ford guilty after a four-day trial in November 2007.

The theft was alleged to have occurred between February and May 2002.

Ford faces a July 11 sentencing date after a jury found him guilty in April on 37 counts of conspiracy to defraud, wire fraud, mail fraud and money laundering connected to the defunct AirTrans.

Comments

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Ok, you rob a bank and get away with 10 grand and your looking at 15-20 in a state pen. but steel from people trusted you with their future and retirement and you get 15 months, Go figure.

-- Posted by tip28 on Mon, Jul 7, 2008, at 1:31 PM

WHAT ABOUT MRS. SMITH THAT HELPED HIM.

-- Posted by bennabones1 on Mon, Jul 7, 2008, at 4:18 PM

Didn,t say if he had to pay it back, did it?

-- Posted by different/visons/12 on Mon, Jul 7, 2008, at 5:44 PM

tip28, I agree with you........... Look at the Enron executives......... they cost their employees millions....... and many of them didn't even go to jail......... and the crooks moved most of the money to Swiss bank accounts......... a thief who steals with a pencil should get just aa much time as a bank robber...............

-- Posted by treasons on Mon, Jul 7, 2008, at 7:52 PM

He should have been forced to pay it back..

at the very least!!

-- Posted by yahooo on Mon, Jul 7, 2008, at 8:03 PM

Everyone seems to think he should have to pay it back. Now don't get me wrong I agree with you on that but where is he going to get the money to pay it back. You know what he stole is long gone and in order to pay it back he would just steal some more from someone else.

-- Posted by tip28 on Tue, Jul 8, 2008, at 6:36 AM

You make him liquidate whatever he has to pay it back. Certainly an accomplished thief like old'Freddie has enough assets to cough up ten grand. He got off lightly. Hope Big Willy treats him well in prison :-) Buh-bye Freddie ..

-- Posted by rayray on Wed, Aug 13, 2008, at 2:22 AM