USA V Singh
USA V Singh
vs.
SANJAY SINGH,
___________________/
Defendant.
INDICTMENT
GENERAL ALLEGATIONS
1. Royal Bengal Logistics, Inc. ("RBL") was a Florida corporation operating an over-
the-road trucking business, initially headquartered at 3700 Northwest 109th Avenue in Coral
. Springs, Florida, and later headquartered at9600 West Sample Road, in Coral Springs, Florida.
3. A "Ponzi scheme" was an investment fraud scheme that involved the payment of
claimed returns to existing investors from funds contributed by new investors. Ponzi schemes
focused on attracting new investors to make promised payments to earlier-stage investors to create
the false appearance that investors were profiting from a legitimate business. Ponzi schemes
Case 0:23-cr-60117-CMA Document 1 Entered on FLSD Docket 06/15/2023 Page 2 of 11
requiled a cpnsistentflow ofm oney from new investorsto continueand tendedto collzpsewhen . ' - ' '' *'
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new investp entdropptd orwhen too m any investorsaskedfortheirm olwy back àtonce.
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C O UN T 5
conspiracyto èonkmitW ireFraud
tlg.c-stc.9.1,349)
1. TheGeileralAllegatitm ssection ofthisIhdictmentièsreqllegçd apd.incorporatedby
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reference. ' .
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inBroward.
tcotmty,in thesouthep DistrictofFloridg,andelsewhere,thedefçndant,
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sAxliv SINGH, .
ctid willftzlly,thqtis, ith the intentto farther thç objectofthe conypiracy,and knowingly
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know ingly,and with tke lptentto defraud,devise,and intend to deviseja'schem e and artifice to
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and fraudulentwhen m ade,aqd forthepurpose ofexecutipg such schem eànd artificeto degaud,
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didknow inglytrausm itma
j d causetobetransm.iued-bywwa. ot-wiw oommunicationsininterstate
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ew e lcert
ai
pwri
ti
sgs,signs,s
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uss,andsev
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18,Unitçd.statèsCodè,Section 1343. '
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j PURPOSE
' OF TH E CON sm uxcv
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b)usstv investorftmdstomakèpaymentstoearlieyinvestorsinRBL,forthedefendant'spersonal
useand bçnefit.fdrtheusqqnd benefitofojhers,'
and to furthertheconspiracy. .
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The m alm e: and m eans by which !he defendant and his co-conspirators sought to
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accomplishthçpurposeandrobjectoftheçlmspiraèy inçluded,nmongothep,th
.efollowing:
4. Defendalg SANJAY SlNGH c
representedtothepublicthathewasthefounderand
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and operatetnlcksforinvestorswhileguxranteeingthe ipvestm ent.
prinkipalatld m onthly returns .
typically exceedi2na
.v
200pe
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rèeqt,excluding
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thevalueofthètnlck.bINGH andhis,
ctjuconspirators' .
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a1soofferzd.
investorsseparateopportunitiestolhakçinyestm çntsthatsupportedRBL'Soperatiops '
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orit$ttkailerm anufacturing program .''These other.
typesofinvestm entswould yield guaranteed
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rettvhl'rv gingfw m 20 to 40 percent,depending on theinvestm entterlm andtim efrnm e.
6.
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Aftèrinitially perm itting ùw estorsto send m oney and receiveprom ised J'eturnsin
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and his.ço-conspiratop had helped the investors to incorpprate. This chapge.had the effect of
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concealinj.the
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sottmçyndnqttzteofthefundbVö
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wingintoandoutpfbankacçopntsheldinltBL'S . .
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a result, SAN JA Y SIN G H and his co-cpnspirators usçd new investor ftm ds to pay existing
theuseandbenefitofothers.SINGV misappro'
priatedmillionsofdollm'sofinvestorftm dstopay.
: forpe
K. rsonalexpe
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uding''''' m ort
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œ' entson hishom e and home renovations,aswell
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SIN GH m ade,andcaused othe.rsto make;m a
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terially falseN d fxaudulentst
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atem entstiiinvestors,
(a) promisedinvestmentreturllswereguarapteed;
(b) RBL assumedtherisksaCsociatedwithtnzckingoperationswhileinvestors
. received reltlrllsirrespective (jfthoserisks;
(9 RBL didnotJnakeaprofitfrom.itstruclcingbusiness;
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(g) new RBL invgstormoney wasusedtopaypriorRBL investprs; '
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(h) jANJAY SINGH usedRBL invesiormoneytopaypersonalexpensesincluding
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Case 0:23-cr-60117-CMA Document 1 Entered on FLSD Docket 06/15/2023 Page 5 of 11
referénce. ' .
SAN JA Y SIN G H ,
defraud and to obtain m oney and propeity by m eansofm aterially false and fraudulentpretenses,
defraud,did knowingly transm itand causeto betro sm itted in interstatç and foreign copm erce
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by m emèsofwirecom municatson,certainm itipgs,signs,signal#,picturesand soupds,inviolation
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Case 0:23-cr-60117-CMA Document 1 Entered on FLSD Docket 06/15/2023 Page 6 of 11
tof'urthçrtileschemeandartifi/e.
THE SCJIEME AND ARTIFICE
4. Paragraphs 4 throngh 10 '
ofthe M anner and M eans Section of Count 1 of tltis
Indictmentarereall/gedandincorporitedbyreferençeqsadescriptionofth4schemeandaitifice.
U SE OF TH E W IRE S
5. On or abovy the dates below ,th, e defendant,for the purpose of execpting and in
preteùses,representationsp.and prom ises w ere fa'1se atld fraudulentwhen m ade, did tranqm it and
cause to be trxnsm itted by w ire com m llnicâtion in interstqte and foreign com m erce certain .
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Interstatewlretransferofapproxim ately
4 A $15,000 frop D.J.'sCapitalOneBank account
ugust4,2022 , '
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to RBL .sBank ofAmericaaccountending in
6001.
Jnterstatewiretransferofapproximately
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$100,000from B.M .'SBankofXmerica
5 D çcem ber29,2022 ' '
acçountto RBL'SW ellsFargo Bnnk accotmt
eùding in 5094.
Intèrstatewiretransferofapproxim ately
6 J $155 000 from M .J.J.D'Sand W .J.'SBnnk of
mm ary 26,2023 ' .
Am çrica accotm tto RB L's W ellsFargo B nnk
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accotm tçnding in 5094.
Interstate w iretransferofapproxim ately
7 F $50,000 from K.A .'SStateEmployeçsCredit
ebruary 14,2023 U ,
nion accollntttjRBL sW ellsFargo Bank
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accotmtending'in 5094.
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C O UN T 8
EnMaMinM in Transactions in Unlaw fulProceeds
(18U.S.C.'
j 1957)
lu The GeneralA llegationssectitm ofthislndictm entisrealleged and incorporated by
reference.
and dlsewhere,thedefendant,
sxxgxv slxga
did know ingly engage and attem pt to engage in a m onetary transaction affecting interstate
been derived from a specified unlawfulactivity,and knowing thatthe pröperty involved in the
.
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Case 0:23-cr-60117-CMA Document 1 Entered on FLSD Docket 06/15/2023 Page 8 of 11
transfer of approxim ately .$250,000 from ItBL'S Citibank accoum ending in 4380 to the
ltisfurtherallegedthgtthespecifiedtmlawfulqctivi'tywaswirefraud,itlviolationôfTitle
l8,'u nited States Code,Section 1343. . .
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'c.'j#jj.(à)(j.j(cj)
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F(18U-S.'Ckjk82(a)(1)) .
1. '
. Theallejation:.
ofshisIndictmentareherebyre-qllegèdandbythis'
referencefully
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. incorpuratedherein forthepurposeofalleging forfeiyuretotheUnitedStatesofAm ericaofcertain
2. Uponconvktioh()fTitle18,UnitedgtatçsCode,Séctions1349or1343,asalleged
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'sIndictment,thedefepdantstla11forfeittotheUnited Statèsanyproper'ty,rçylorpersonal,
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4. Thepropertysubjrcttpforfeiturèasaresultoftheallegedoffçnsesincludes,butis
notlimitedto,thefollowing:rçal.
property associajedwiththefollowing identifers: '
(a) FolicNllmber484226-00-0340inBrowardCotmty,Flprida; . .
(b) f'oli:Nllmber484226-00-0350inBrowmd Cotm ty,Floridai. ,
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(c) FolipNtlmber484226c00-0360iizBroward County,Florida;
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Case 0:23-cr-60117-CMA Document 1 Entered on FLSD Docket 06/15/2023 Page 9 of 11
(d) FolioNumber484226-00-0370inBrowardCotmty,Florida;
FolioNum ber484226-06-0010 in Broward County,Florida;
(a) cnnnotbelocatedupontheexerciseofduediligence;
(b) hasbeentransferredorsoldto,ordepositedwith,athirdparty;
(c) hasbeenplacedbeyondthejurisdictionofthecourt;
(d) 'hâsbeensubstantiallydiminishedinvalue;or
(e) has been commingled with otherpropeljy which cannot be dividedwwithout
diffictllty.
theunited statesshalibeentitledtoforfeitlzreofsubstitutepropertyundertheprovisionsofTitle
21,United StatejCode,Section 85341$. .
Al1p'
ursuanttoTitle 18,UnitedStatesCode,Section981(a)(1)(C)andtheproçeduresset
fot'th iflTitle21,United StatesCode,Section 853,asincorporatedby Title28,UnitedStatesCode,
n
Sectipn 2461(c)
A TRUE BILL
FOFE/ERSON
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N ZY LA P ' E
UN ITED STA TE A O RN EY
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V RAN N.BHAT
ASSISTANT UNITED STATES ATTORNEY
Case 0:23-cr-60117-CMA Document 1 Entered on FLSD Docket 06/15/2023 Page 10 of 11
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UNITEDt STATES DISTRICT COU RT .
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-SANJAY SIXGH y
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C/RTIFICATEOFTRIALATTORNEY
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!. spperseding c asç Inform ation:
' Defentknt. .
1
j 'ewèoefkpdantts)(YesorNo) ''
x
courtbivisipp (sçlèotone) 1 NtzmberofNew Uefendants
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RMiami L,.KpyWçst L
iFTP'
t Totalnumberofcounts ''
F7Y ' ' Q U' '
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thelrcalendarjânctschedtllingcril
pinalttrialsundera
themandateofthe.speedyTrial.
Act,Title28U.S.C.53161.
3. Interpreter:(Aresorlqo)l;O '
Listlanguageand/ordialect: '
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4. ThiscaseFilltake J5 daysforthepk
1l 'tl'
-tiesto y. ,
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5. Pleasecheck qppropriateçategory aùdtypeofoffenselistedbelow: .
,
(
checkonlyor
ie)
l L' 0to 5 days'.
' . E1Petty
1(t?heckonl
yone).
It EI 6tol0days Q'
'M inor ,
' 1ll '*1
:'11to20days Q1Misdemeanor
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IV .C121to60days EI
'Felcjriy '
V L '61daysaàdover . .
6. HasthiscasebeenpfeviouqlyfiledinthisDistrictCourt?(YesorNo)1%9
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Case 0:23-cr-60117-CMA Document 1 Entered on FLSD Docket 06/15/2023 Page 11 of 11
UNITE)STATESDISTRICTCOURT
SOUTHXRN DISTRICT OF FLORIDA
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PENALTY SHEET
Defendant'sName: SANJAY SX GH .
1.
CaseNo: i . .
Count#:1 1
y
1
Cons irac to Com mitW ire Fraud 1
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. Title 18sUnited StatesCcjdeemsection.1349
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*M andatoryM in.Term ofImprisonment(ifapplicable):N/A
* M ax.Supervised R elease:3 years'
*M ax.Fine: $250,000 ortwicethegrossgrain orloss,whicheverisgreatest
Counts#:2-7
W ire Fraud
Count#:8
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restitution,specialassessm ents,paroleterm s,orforfeituresthatm ay be applicable. '