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Investigations

Date

Owner of Freight Trucking Company Indicted on Multiple Fraud-Related Charges

On June 14, 2023, a grand jury in the Southern District of Florida indicted Sanjay Singh on charges related to a $100 million Ponzi scheme through investments in Royal Bengal Logistics, Inc. (RBL), a trucking company owned by Singh in Coral Springs, Florida.
The indictment alleges that Singh misappropriated millions of dollars of investor funds for personal gain, such as paying for personal expenses, renovating Singh’s home, making mortgage payments, and trading stocks on margin.
 
DOT-OIG is conducting this investigation with the FBI.
 
Note: Indictments, informations, and criminal complaints are only accusations by the Government. All defendants are presumed innocent unless and until proven guilty.