Cases by industry
Trucking & transport Ponzi schemes
9 cases announced 2016–2026, involving about $698M in reported investor money. Most cases came from Florida, New Jersey and Michigan.
The largest by reported amount: Robert J. Jesenik, Brian A. Oliver, N. Scott Gillis ($350M, 2016). Charges are allegations unless a court has entered a conviction or judgment.
Pitch phrases seen in these cases
- “passive income”
- “a thriving and successful trucking business”
- “between 30 and 40 percent over one or two years”
- “costing around $45,000”
- “delivery and installation contracts with multiple large retailers”
- “77% of the net income of the trucks”
- “purchase and operate trucks”
- “a pre-determined return on their investment”
Cases
| Date | Case | Location | Industry | Amount |
|---|---|---|---|---|
| Sep 25, 2026 | Kristopher Lunsford | Tampa, FL | Trucking & transport | $105M |
| Jun 4, 2025 | Royal Bengal Logistics Inc Sanjay Singh |
Coral Springs, FL | Trucking & transport | $158M |
| Oct 25, 2024 | Arsen Lusher | Millstone, NJ | Trucking & transport | $5M |
| Apr 19, 2022 | CSA Business Solutions LLC Franklin Ray, Joseph Winget |
Canton, MI | Trucking & transport | $40M |
| Jun 24, 2020 | Flame Trucking Maurice Fayne (aka Arkansas Mo) |
Dacula, GA | Trucking & transport | $5M |
| May 30, 2019 | SmartBuy Outlet Inc., Savmax Solutions Inc. Lo Van Tran |
Fremont, CA | Trucking & transport | $3M |
| Jun 26, 2018 | Thomas Michael White, John Kevin Reech, Joseph Mario Genzone | Parkland, FL | Trucking & transport | $2M |
| Sep 13, 2016 | Essex Holdings Inc. Navin Shankar Subramaniam Xavier (aka Dr. Navin Xavier) |
Miramar, FL | Trucking & transport | $30M |
| Mar 10, 2016 | Robert J. Jesenik, Brian A. Oliver, N. Scott Gillis | Lake Oswego, OR | Trucking & transport | $350M |