Pilot Flying J reaches agreement with feds, will not be prosecuted

Pilot Flying J reaches agreement with feds, will not be prosecuted

July 14th, 2014 by The Knoxville News Sentinel in Local - Breaking News

Pilot Flying J's corporate headquarters i pictured in a 2013 file photo. (MICHAEL PATRICK/NEWS SENTINEL)

Photo by The Knoxville News Sentinel /Times Free Press.

Pilot Flying J said Monday it has "reached an understanding with the U. S. Attorney's office" and the U. S. Department of Justice, that the company will not be prosecuted.

According to a news release, the agreement assumes the company follows the terms of an agreement, including paying a monetary penalty over the next two years and fully cooperating with the federal government's investigation of fraudulent conduct within the company's diesel fuel sales discount programs.

The company said the agreement calls for Pilot to pay a monetary penalty of $92 million.

Read more at knoxnews.com.