2/13/2014

A federal grand jury has indicted the owner of a Fullerton, Calif., bond company on charges that she defrauded motor carrier trust funds. The charges follow allegations that the woman's bonding company had misappropriated property brokers' trust fund money instead of earmarking it for paying motor carriers and shippers if brokers failed to meet the terms of their transportation contracts. The company's trust fund privileges were revoked by the Federal Motor Carrier Safety Administration in January 2010.

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