Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
Florida Trucking Firm Owner Charged with $100M Ponzi Scheme
Sanjay Singh, owner of Royal Bengal Logistics, faces charges for running a $100 million Ponzi scheme. Singh allegedly deceived investors about the profitability of his company.
Sanjay Singh, the owner of Royal Bengal Logistics, a trucking company based in Florida, is charged with running a $100 million Ponzi scheme. According to federal prosecutors, Singh misled investors about the financial health of his company, promising them high returns on their investments. In reality, his company was losing money. The funds collected from new investors were used to pay the earlier ones, the classic sign of a Ponzi scheme. Singh has been indicted and arrested, facing multiple charges such as conspiracy to commit wire fraud and engaging in transactions in unlawful proceeds. He could face up to 150 years in prison if convicted.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
Keep up with the freight broker world in 5 minutes.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
