Sanjay Singh founded Royal Bengal Logistics, Inc. in 2018 in Coral Springs, Florida. He built a website that described a company with 250 employees, a fleet of over 200 semi-trucks and growing, and revenue of $1 million per month. He held annual investor banquets in hotel ballrooms. He posted a video of himself onstage announcing he was awarding his “driver of the year” any truck worth up to $75,000. He offered investment programs with structured tiers, written contracts, and regular return payments that arrived reliably in the early months of the operation — building the kind of credibility that makes a fraud sustainable long enough to grow. By the time federal investigators shut it down in June 2023, Royal Bengal Logistics had raised $158 million from approximately 2,000 investors. The company’s actual trucking business was losing money from the beginning. The trucks purchased with investor funds were described in court documents as old vehicles with high mileage, many of which were eventually cannibalized for parts at a junkyard in Lubbock, Texas. The investor-purchased fleet that Singh described to new investors as evidence of company growth was largely composed of vehicles belonging to independent contractors who drove their own trucks under the Royal Bengal name — trucks Singh had no ownership interest in. On November 8, 2024, a federal jury convicted Singh on all eight counts of an indictment charging conspiracy to commit wire fraud, wire fraud, and engaging in transactions in unlawful proceeds. On May 30, 2025, U.S. District Judge…
