by Christopher Freeburn | April 16, 2013 10:09 am
On 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.
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.
Source URL: http://investorplace.com/2013/04/fbi-raids-hq-of-popular-truck-stop-chain/
Short URL: http://invstplc.com/1nxHbA5
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.