Haslam responds to Pilot Flying J settlement - Cleveland 19 News Cleveland, OH

Haslam responds to Pilot Flying J settlement

Jimmy Haslem, Browns owner and Pilot Flying J CEO. (Source: WOIO) Jimmy Haslem, Browns owner and Pilot Flying J CEO. (Source: WOIO)

Terrific news for Cleveland Browns' fans. Owner Jimmy Haslam's company Pilot Flying J has reached an agreement with the feds in their rebate scam investigation.

Legal experts our Scott Taylor has spoken with say that probably means you won't  see the federal government indict Jimmy Haslam.

After 10 employees were prosecuted by the FBI, Pilot Flying J will now pay 92 million bucks over the next two years and repay any victim, which would include trucking companies which lost more than 56 million bucks.

The deal does not stop any future prosecution of an individual .

Pilot Flying J attorneys have been working with federal prosecutors from day one when the FBI raided Pilot Flying J at their world headquarters in Knoxville, Tennessee.

In the past huge companies like Oracle have paid big fines but their CEOs have not been prosecuted so it appears that could be the case with Jimmy Haslam.

Back in 2013, just days after the FBI raid Haslam said he was innocent, "Somebody asked me today if I was going to step down as President and I thought to myself why would I do that? Candidly, I haven't done anything wrong."

Today Jimmy Haslam released this statement: "We, as a company, look forward to putting this whole unfortunate episode behind us, continuing our efforts to rectify the damage done, regaining our customers' trust, and getting on with our business. We've been committed from the beginning of this to doing the right thing, and that remains our commitment."

Jimmy and his company have already paid out 85 million bucks to settle a lawsuit with all those trucking companies cheated out of their rebates.

Copyright 2014 WOIO. All rights reserved.
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