Michael Molitor, owner of M.S. Molitor Trucking and MD Service, a freight company in Boulder, MT, pleaded not guilt on charges of embezzlement last week, nearly a month after he was indicted.
Molitor was charged on August 23rd for “failing to deposit funds withheld from employees’ paychecks into their retirement accounts,” Belgrade News states.
According to the article, Molitor is said to have taken $116,000 from his M.S. Molitor employees’ paychecks between September 2004 to March 2008, losing $18,800 worth the interest for not placing the funds in their IRA plan on time, while his MD Service employees lost more than $4,000 out of the $28,000 withheld.
Claiming Chapter 7 bankruptcy a few months ago, Molitor still has not compensated his employees the amount lost, which is being pursued through the U.S. Department of Labor’s lawsuit against him.
Not only does Molitor face two counts of embezzlement but his incapability of providing documentation as well as “failing to comply with agency subpoenas,” while “providing dilatory, false and misleading information throughout the investigation” is also being held against him (http://www.belgrade-news.com/news/article_387a4186-cd22-11df-a028-001cc4c002e0.html).
As Belgrade News notes, if guilty, Molitor could receive “five years in prison” and a quarter of a million dollar fine per indictment charge, as well as “three years supervised release.”
Wouldn’t you rather a carrier like Road Scholar Transport, who supervises your cargo during transport rather than have someone supervising the owner for corruption?
Tags: bankruptcy, Boulder, carrier, chapter 7, charged, embezzlement, employee, funds, indicted, M.S. Molitor Trucking, MD Service, michael, molitor, MT, paycheck, prison, road, scholar, transport, trucking, U.S. Department of Labor
