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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 Raag Singhal sentenced him to 276 months — 23 years — in federal prison. On February 9, 2026, the court ordered Singh to pay $51,199,671 in judgment and restitution to his victims.
The full story of how this scheme operated is worth reading in detail — not because fraud cases are entertainment, but because the specific mechanics of how Singh sold the Royal Bengal investment to thousands of people contain lessons that apply directly to the decisions small carriers, owner-operators, and their communities make every day.
Royal Bengal Logistics offered investors four distinct investment programs, each structured to look like a legitimate business contract and each premised on the same false representation: that the company was profitable, growing, and capable of generating the returns it promised.
The Truck Program — minimum investment $55,000. Under this arrangement, an investor’s funds were used to purchase a semi-truck that would be titled in the investor’s name and operated by Royal Bengal Logistics as part of its fleet. The investor would receive monthly returns on their investment. Singh and his representatives told investors the returns on the truck program exceeded 200% monthly. To be precise about what that means: an investor who put in $55,000 was told they would receive back more than $110,000 per month. That math requires the truck to generate gross revenue so astronomical that it is impossible in any real trucking operation. A well-run owner-operator truck generates gross revenue of roughly $10,000 to $20,000 per month under favorable market conditions. A 200% monthly return on a $55,000 investment is not trucking. It is fabrication.
