Management & Operations

Former Valley Metro CEO pleads guilty to fraud charge

Posted on September 13, 2018

Valley Metro is the regional public transportation agency providing coordinated transit services to residents of metro Phoenix.
Valley Metro is the regional public transportation agency providing coordinated transit services to residents of metro Phoenix.

PHOENIX — Stephen Banta, the former chief executive of Valley Metro, pleaded guilty Monday to a fraud charge for falsely claiming personal expenses for him and his wife as business costs, reported the Associated Press.

A report released by the state's Office of the Auditor General says Banta claimed that $32,000 in personal travel, meal and alcohol costs for him and his wife were expenses related to his work, according to the AP report.

Banta, who served as Valley Metro's chief executive from early 2010, resigned in late 2015 after The Arizona Republic reported about his questionable expenses paid with public money, the report said.

For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

First Transit names new regional VP of operations

Jay Jeter has more than 18 years of transportation experience in areas such as operations, finance, legal, labor negotiations, and customer engagement and leadership.

LEED green building certification for new transit stations released

Complemented by LEED guidance that was released in 2017 for existing transit stations.

MassDOT issues RFP for transit action plan

The Lynn, Massachusetts study is anticipated to begin early next year and will include opportunities to create and improve access to transit locations and more.

NY MTA to buy Grand Central, Harlem, and Hudson Lines for $35M

“We had to exercise the option to purchase or remain a tenant for another 270-plus years."

DCTA, United Way partner to offer veterans mobility options

Providing Lyft gift cards, regional day passes for use on DCTA, DART, and Trinity Metro bus and rail, and Irving Holdings debit cards.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation