CORAL SPRINGS, FLORIDA — The owner of a Florida trucking company has been ordered to pay more than $51 million in restitution after orchestrating an elaborate Ponzi scheme that raised over $158 million from approximately 2,000 investors, many from the Haitian-American community, while falsely presenting his company as a thriving and profitable business.

On February 9, 2026, the U.S. District Court for the Southern District of Florida ordered Sanjay Singh, 45, of Coral Springs, to pay $51,199,671 in judgment and restitution to victims of his investment fraud scheme. Singh, founder and president of Royal Bengal Logistics Inc., headquartered in Coral Springs, was previously sentenced to 23 years in federal prison in May 2025 after a jury convicted him in November 2024 on all eight counts of an indictment alleging conspiracy to commit wire fraud, wire fraud, and engaging in transactions in unlawful proceeds.

The Ponzi scheme began in January 2020 and continued until Singh's arrest. Singh and his co-conspirators invited victims to invest in RBL by purchasing contracts promising extremely high returns, while falsely portraying the company as a thriving and successful trucking business. In reality, RBL's actual trucking operations were losing money. Between 2020 and 2023, the scheme collected over $158 million in investor funds, which Singh and his co-conspirators used in part to pay existing investors their promised returns — the hallmark of a Ponzi scheme.

Singh was further accused of misappropriating millions of dollars in investor funds for personal gain, including renovating his home, making mortgage payments, covering personal expenses, trading stocks on margin, and sending millions of dollars overseas to family members in India.

The case was investigated jointly by the DOT Office of Inspector General, the FBI Miami Field Office, and the Florida Office of Financial Regulation, with assistance from the U.S. Securities and Exchange Commission Miami Regional Office. The case was prosecuted by Assistant U.S. Attorneys Robert F. Moore and Roger Cruz, with Assistant U.S. Attorney Marx Calderon handling asset forfeiture.

All defendants are presumed innocent until proven guilty in a court of law.

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