Tuesday, June 4, 2013

Article Questions Brad Martin's Role in Pilot Probe

Memphis entrepreneur/businessman looking into Pilot Flying J rebate scandal.

Posted By on Tue, Jun 4, 2013 at 2:36 PM

R. Brad Martin
  • R. Brad Martin

An article in the Cleveland Plain Dealer
this week cites challenges to the bona fides of Memphis businessman/entrepreneur R. Brad Martin as leader of an investigation into alleged fraudulent dealing by the Pilot Corporation of Tennessee.

Martin is scheduled to become interim president of the University of Memphis on July 1. Currently chairman of the RBM Venture Co., he is the former CEO of the Saks Corporation and is a board member of Pilot Flying J, an arm of Pilot. As such, he was recently named by Pilot CEO Jimmy Haslam to head an internal investigation into charges that Pilot kept millions of dollars in fuel rebates owed to trucking companies who were clients of the corporation. Haslam is the brother of Tennessee Governor Bill Haslam.

The internal investigation parallels one initiated by the federal Securities and Exchange Commission.

In an article published on Monday, the Plain Dealer quotes several individuals acquainted with an earlier fraud investigation by the SEC — this one of Saks at a time when Martin was that corporation’s head.

From the Plain Dealer article:

"’At the very least there was a cloud over his tenure at Saks,’ said Christopher Ideker, a forensic accountant who has participated in many audit committee investigations for companies. ‘To me, you have a guy calling the shots on an investigation about stealing from customers who was investigated for stealing from vendors. That seems pretty straightforward.’


Ultimately, Saks would admit no wrongdoing but would settle claims resulting from the allegations in the amount of $60 million. Martin, who would leave his position at Saks within months of the settlement, was never charged. As the Plain Dealer noted, “His brother Brian Martin, Saks' general counsel, as well as two other executives, were fired over the scandal, though also never charged.”

Martin is traveling abroad and could not be reached for comment.n

Comments (3)

Showing 1-3 of 3

Add a comment

 
Subscribe to this thread:
Showing 1-3 of 3

Add a comment

ADVERTISEMENT
ADVERTISEMENT
    • Touliatos Announces for Shelby County Mayor

      Entry of Juvenile Court clerk creates prospect of three-way GOP primary race with County Commissioner Terry Roland and County Trustee David Lenoir.
    • Reginald Milton's Birthday Surprise

      The first-term Shelby County Commissioner did indeed have a "major announcement" to make to a generous number of attendees.

Speaking of School Consolidation

ADVERTISEMENT

Readers also liked…

  • Cohen Tells It!

    In which Memphis’ Democratic congressman Steve Cohen, addressing an apparent GOP effort to muddy the waters on the Russian inquiry, not only takes no crap but gives it back where it came from. This is worth watching from beginning to end -- even for those who might disagree on the politics of the matter.
    • Jul 26, 2017
  • Cohen to Introduce Articles of Impeachment against Trump

    Ranking member of House Judiciary subcommittee, says, apropos Charlottesville and Trump's apparent defense of the white nationalist fomentors there: "There are no good Nazis. There are no good Klansmen."
    • Aug 17, 2017
  • In The Age Of Trump, Remember The Killian Documents

    For media consumers, the lesson is, be suspicious of everything, especially if it confirms your biases.
    • Jan 13, 2017

Most Commented On

ADVERTISEMENT
© 1996-2017

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Inside Memphis Business
Powered by Foundation