A Florida Trucking Company Raised $158 Million From 2,000 Investors by Promising 200% Monthly Returns – Here Is Exactly How It Worked and Why Every Small Carrier Needs to Read It

Name: A Florida Trucking Company Raised $158 Million From 2,000 Investors by Promising 200% Monthly Returns – Here Is Exactly How It Worked and Why Every Small Carrier Needs to Read It
Start: 2026-03-15T14:21:33.000Z
Location: Coral Springs

acquisition expired 58% Deals

Sanjay Singh founded Royal Bengal Logistics in Florida, fabricating a large trucking operation and raising $158 million from approximately 2,000 investors by promising 200% monthly returns in what turned out to be a Ponzi scheme. The case serves as a cautionary tale for small carriers about investment fraud in the trucking industry.

🇺🇸 Location: Coral Springs — Sources: 1 — First seen: 2026-03-15 — Last seen: 2026-03-15

Royal Bengal Logistics Ponzi scheme trucking fraud Florida investor fraud

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A Florida Trucking Company Raised $158 Million From 2,000 Investors by Promising 200% Monthly Returns – Here Is Exactly How It Worked and Why Every Small Carrier Needs to Read It
FreightWaves — 2026-03-15