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

Sanjay Singh founded Royal Bengal Logistics, Inc. successful 2018 successful Coral Springs, Florida. He built a website that described a institution with 250 employees, a fleet of implicit 200 semi-trucks and growing, and gross of $1 cardinal per month. He held yearly capitalist banquets successful edifice ballrooms. He posted a video of himself onstage announcing helium was awarding his “driver of the year” immoderate motortruck worthy up to $75,000. He offered concern programs with structured tiers, written contracts, and regular instrumentality payments that arrived reliably successful the aboriginal months of the cognition — gathering the benignant of credibility that makes a fraud sustainable agelong capable to grow.

By the clip national investigators unopen it down successful June 2023, Royal Bengal Logistics had raised $158 cardinal from astir 2,000 investors. The company’s existent trucking concern was losing wealth from the beginning. The trucks purchased with capitalist funds were described successful tribunal documents arsenic aged vehicles with precocious mileage, galore of which were yet cannibalized for parts astatine a junkyard successful Lubbock, Texas. The investor-purchased fleet that Singh described to caller investors arsenic grounds of institution maturation was mostly composed of vehicles belonging to autarkic contractors who drove their ain trucks nether the Royal Bengal sanction — trucks Singh had nary ownership involvement in.

On November 8, 2024, a national assemblage convicted Singh connected each 8 counts of an indictment charging conspiracy to perpetrate ligament fraud, ligament fraud, and engaging successful transactions successful unlawful proceeds. On May 30, 2025, U.S. District Judge Raag Singhal sentenced him to 276 months — 23 years — successful national prison. On February 9, 2026, the tribunal ordered Singh to wage $51,199,671 successful judgement and restitution to his victims.

The afloat communicative of however this strategy operated is worthy speechmaking successful item — not due to the fact that fraud cases are entertainment, but due to the fact that the circumstantial mechanics of however Singh sold the Royal Bengal concern to thousands of radical incorporate lessons that use straight to the decisions tiny carriers, owner-operators, and their communities marque each day.

Royal Bengal Logistics offered investors 4 chiseled concern programs, each structured to look similar a morganatic concern declaration and each premised connected the aforesaid mendacious representation: that the institution was profitable, growing, and susceptible of generating the returns it promised.

The Truck Program — minimum concern $55,000. Under this arrangement, an investor’s funds were utilized to acquisition a semi-truck that would beryllium titled successful the investor’s sanction and operated by Royal Bengal Logistics arsenic portion of its fleet. The capitalist would person monthly returns connected their investment. Singh and his representatives told investors the returns connected the motortruck programme exceeded 200% monthly. To beryllium precise astir what that means: an capitalist who enactment successful $55,000 was told they would person backmost much than $110,000 per month. That mathematics requires the motortruck to make gross gross truthful astronomical that it is intolerable successful immoderate existent trucking operation. A well-run owner-operator motortruck generates gross gross of astir $10,000 to $20,000 per period nether favorable marketplace conditions. A 200% monthly instrumentality connected a $55,000 concern is not trucking. It is fabrication.