The Department of Transportation’s Office of Inspector General recently announced court activity in two trucking-related crime investigations. Here’s a summary of what happened with each:
Investment company owner pleads guilty after DOT investigation reveals FMCSA violations
On May 26, Bonnie Warren, owner of Oasis Capital, Inc. of Fullerton, Calif., pleaded guilty to wire fraud in the U.S. District Court of Los Angeles.
The Department of Transportation Office of Inspector General conducted an investigation after FMCSA alleged that Oasis was violating FMCSA regulations by accepting money from property brokers for the establishment of trust funds and actually using the money for other purposes.
Trust fund monies are supposed to be maintained for the purpose of providing payments to shippers or motor carriers in cases where the broker fails to carry out its contract.
The investigation found Oasis solicited brokers and accepted payments to establish trust funds only to use the monies for other purposes.
FMCSA suspended Oasis’ privileges to file trust funds on behalf of brokers in January 2010 and began the process of revoking the approximately 500 Oasis trust funds on file with FMCSA.
