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Trucking company owner sentenced to 23 years for $54M ponzi scheme that swindled 2k investors
A trucking company owner has been sentenced to 23 years in prison for a $54M ponzi scheme that swindled 2,000 investors. 45-year-old Sanjay Singh, owner of Royal Bengal Logistics, was sentenced to 23 years on Friday, May 30th in Fort Lauderdale, Florida court. According to Miami Herald, Singh promised ownership in his trucking company and double digit returns on their investment to mostly working class investors. Singh was able to take million…
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