CORAL SPRINGS, Fla. – A Coral Springs businessman who operated a fraudulent trucking investment scheme has been sentenced to 23 years in federal prison after defrauding investors out of more than $158 million, the Department of Justice confirmed Wednesday.
Authorities said Sanjay Singh, 45, was convicted in November on all eight counts of an indictment that included conspiracy to commit wire fraud, wire fraud, and engaging in transactions involving unlawful proceeds. U.S. District Judge Raag Singhal handed down the sentence this week in federal court.
Federal prosecutors say Singh ran the scheme through his company, Royal Bengal Logistics, Inc., which was most recently headquartered at 9600 W. Sample Road in Coral Springs…