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Sanjay Singh, the man behind one of South Florida’s most devastating Ponzi schemes in recent history, has officially been sentenced to 23 years in federal prison. The Coral Springs resident was convicted of swindling over $158 million from unsuspecting investors through his trucking company, Royal Bengal Logistics, Inc. (RBL) a business that prosecutors say never actually turned a profit.
Singh, 45, was found guilty on all eight counts of conspiracy to commit wire fraud, wire fraud, and engaging in transactions involving criminally derived proceeds. His sentence was handed down following a November jury verdict and marks a significant victory for federal prosecutors who spent years piecing together the massive financial deception.
But behind the press releases and court transcripts lies a particularly heartbreaking truth: a substantial number of Singh’s victims were Haitian. Many of them were small business owners, first-time investors, retirees, and working-class families who believed they were investing in a legitimate logistics venture. Instead, they were unknowingly funding Singh’s lavish lifestyle, which included stock market gambles, home renovations, luxury purchases, and mortgage payments, all financed with money that was supposed to secure someone else’s future.
For the Haitian community, the scheme was more than financial fraud. It was betrayal wrapped in a sales pitch. Many victims were referred by word of mouth, promised high returns, and given the impression that they were buying into a reliable, growing company. What they bought into, instead, was a lie, one that left bank accounts drained, families scrambling, and trust shattered.
The investigation, led in part by a Haitian-American FBI operative out of the Miami Field Office, was praised for its precision and persistence. While the agent’s identity remains confidential, several Haitian community leaders have acknowledged the importance of having someone on the inside who understood the cultural dynamics of how the scam spread.
U.S. Attorney Hayden O’Byrne for the Southern District of Florida, Acting Special Agent in Charge Brett Skiles of the FBI’s Miami Field Office, Joseph Harris of the Department of Transportation Office of Inspector General, and Florida Financial Regulation Commissioner Russell Weigel III jointly announced the sentencing. O’Byrne also thanked the U.S. Securities and Exchange Commission’s Miami Regional Office for its assistance in building the case.
“Sanjay Singh knowingly took advantage of communities who put their trust in him,” O’Byrne said. “Today’s sentence reflects the seriousness of that betrayal and sends a strong message: financial predators will be held accountable.”
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.
While justice has been served in the courtroom, many of Singh’s victims are still working to rebuild their lives. Some are hoping that the government will be able to recoup funds through asset forfeiture, though few expect to be made whole. For now, they’re left with scars, both financial and emotional, from a man who promised wealth and delivered ruin.
Reported by OpaMusic.com using official DOJ press materials dated June 4, 2025, and interviews with Haitian community leaders in South Florida.
