Link Express Founder Guilty of Fraud, Money Laundering, Perjury

    Nov. 3, 2003
    Paul R. Johnson, who founded the now-defunct Link Express Delivery Services in 1997 to challenge UPS and FedEx, could face $1 million in fines and at least 20 years in prison when sentenced in January for looting the company he started. A West Palm Beach federal court jury on Friday found Johnson guilty on all 28 counts of securities fraud, money laundering and perjury. David J. Joffe, Johnson’s lawyer,
    Paul R. Johnson, who founded the now-defunct Link Express Delivery Services in 1997 to challenge UPS and FedEx, could face $1 million in fines and at least 20 years in prison when sentenced in January for looting the company he started.

    A West Palm Beach federal court jury on Friday found Johnson guilty on all 28 counts of securities fraud, money laundering and perjury. David J. Joffe, Johnson’s lawyer, said he would appeal the decision.

    The jury agreed with prosecutors that Johnson defrauded 400 people who invested $18.9 million in his business by spending almost $6 million on personal expenses including a South Beach nightclub, bodyguards, gambling debts and a friend's breast enhancement surgery. Johnson also gave at least $700,000 to his mother.

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Continue Reading

    Sponsored Recommendations

    Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
    This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
    Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
    Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...