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Roadrunner Transportation Systems charged with accounting fraud

US road with heavy traffic at night.
The company is based in Downers Grove, Illinois. Photo: David McNew/Getty Images

The shipping and logistics company manipulated its financial records for a number of years.

Roadrunner Transportation Systems, Inc. has settled with the SEC over charges for engaging in a multi-year accounting fraud scheme. According to the SEC, Roadrunner manipulated its financial books from at least July 2013 to January 2017 to hit prior earnings guidance and analyst projections.

The SEC also found that Roadrunner