FBI Raids HQ of Popular Truck Stop Chain

The company's CEO owns the NFL's Cleveland Browns

   

FBIseal 291x300 FBI Raids HQ of Popular Truck Stop ChainOn Monday, federal agents secured and searched the main offices of a Tennessee-based store chain.

Jimmy Haslam, CEO of Pilot Flying J, which operates truck stops and convenience stores across the country, issued a statement confirming the raid and indicated that federal authorities were investigating the company. The company said it is cooperating with the FBI, Cleveland.com noted.

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Haslam purchased a majority share in the National Football League’s Cleveland Browns last year for a reported $1 billion.

In a statement, Haslam denied any wrongdoing at Pilot Flying J, which operates Pilot Food Marts, Flying J Travel Plazas and Pilot Travel Centers nationwide. The company said its retail locations would continue to operate as normal during the investigation.

FBI agents at the company’s headquarters turned away reporters and declined to say why the company was under investigation. An FBI spokesman indicated that the Internal Revenue Service was involved in the matter.

In February, the FBI and state agents raided the Texas headquarters of The Scooter Store, possibly over Medicare over-billing by the company.


Article printed from InvestorPlace Media, http://investorplace.com/2013/04/fbi-raids-hq-of-popular-truck-stop-chain/.

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