EXPOSING DEON KING & TARIK FLOYD: INVESTOR FRAUD
Learn the truth about the Tancil Logistics Ponzi scheme, the lawsuits that proved fraud, and how victims are uniting for justice.
The Risks of Doing Business with Deon King, Tarik A. Floyd & Anthony Spencer
Deon King and Tarik A. Floyd, alongside insider Anthony Spencer, used the façade of a trucking company — Tancil Logistics — to solicit investments from unsuspecting individuals. They touted credentials, connections, and “growth opportunities” to gain trust.
Within a year of receiving significant funds, King became unresponsive, forcing investors to hire attorneys and take King, Floyd, and Spencer to court.
Court records show the pitch was simple: an investment/loan opportunity to finance an expanding fleet that would secure bigger contracts. In reality, no trucks were ever purchased as promised. Instead, investor funds were funneled into:
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Paying off earlier investors (a Ponzi-style structure)
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Personal expenses — including travel, hotels, restaurants, luxury shopping, and family transfers
The result: investors were defrauded of over $1 million.
On July 28, 2025, a Texas District Court issued a Final Judgment of nearly $300,000 against Tarik Floyd for fraud — confirming the allegations were not just claims, but proven in court.
👉 Read the full judgment against Tarik Floyd here
This pattern mirrors other trucking scams, like the case of Franklin Ray of CSA Business Solutions, who claimed a fleet of 5,000 trucks but was exposed in court for possessing only two.
At a Glance: The Tancil Logistics Fraud
A quick look at the key events and facts surrounding Deon King, Tarik Floyd, and Anthony Spencer:
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📅 2019–2022 — Tancil Logistics raises over $1 million from investors under false pretenses.
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🚛 0 trucks purchased as promised. Company never operated more than two trucks or hired more than one driver.
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💸 Investor funds diverted to personal expenses, luxury shopping, hotels, restaurants, grooming services, and family transfers.
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⚖️ Jan. 18, 2023 — Amended lawsuit filed in Texas against King, Floyd, and Spencer (Giles v. Tancil Logistics).
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⚖️ July 28, 2025 — Tarik Floyd found guilty of fraud; judgment of $295,002.36 entered against him.
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📑 April 2024 — Deon King files Chapter 7 bankruptcy in Texas Southern Bankruptcy Court.
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📑 April 21, 2025 — Anthony Spencer files Chapter 7 bankruptcy in Eastern District of Virginia.
👉 For details on each defendant:
Deon King
Deon King was the co-founder and acting CEO of Tancil Logistics LLC, the company at the center of a multimillion-dollar fraud scheme. A graduate of Norfolk State University (2017), King once claimed his discipline and work ethic from football would translate into business success.
In reality, his NFL career was short-lived, bouncing between five teams in just two years — Dallas Cowboys, San Diego Chargers, Indianapolis Colts, Cleveland Browns, and Jacksonville Jaguars. He spent most of his time on practice squads, recording just four solo tackles before disappearing from professional football altogether.
King has since become better known not for football, but for his role in defrauding investors of over $1 million through Tancil Logistics — money that was supposed to buy trucks but instead went to personal expenses and Ponzi-style payouts.
THE PLAYERS
Tarik A. Floyd
Tarik Floyd was a central figure in the Tancil Logistics fraud scheme, working alongside Deon King to solicit investor funds under false pretenses. He promised growth, trucks, and lucrative contracts — but court records reveal that not a single truck was ever purchased as represented.
Instead, Floyd funneled investor money into personal living expenses, travel, hotels, entertainment, and luxury purchases. By the time of litigation, Tancil Logistics had already accumulated over $1 million in operating shortfallsand was essentially insolvent.
On July 28, 2025, the 295th District Court of Texas entered a Final Judgment of $295,002.36 against Floyd, finding him guilty of fraudulent inducement, promissory estoppel, and violations of the Texas Uniform Fraudulent Transfer Act.
Anthony Spencer
Anthony Spencer served as Vice President of Tancil Logistics, positioning himself as an insider and lending credibility to investor negotiations. According to court filings, Spencer was present during key discussions and negotiations, and when asked directly by investors about the company’s promises, he failed to disclose that the representations made by King and Floyd were false.
Spencer’s silence gave investors false confidence and helped secure their funds. In April 2025, he filed for Chapter 7 bankruptcy in the Eastern District of Virginia, listing the plaintiffs in Giles v. Tancil Logistics as creditors — part of a broader pattern where TL insiders have used bankruptcy to try to escape accountability.
Join the Victims’ Support Group
If you or someone you know was impacted by the fraudulent activities of Deon King, Tarik Floyd, and Anthony Spencer, you’re not alone. Victims are coming together to share information, resources, and support in the Tancil Logistics Fraud Victims Group – Deon King • Tarik Floyd • A. Spencer on Facebook.
This private community is dedicated to helping victims stay informed, exchange updates about ongoing lawsuits, and support one another through the legal and financial aftermath.
THE LAWSUIT
LEGAL ACTION AGAINST TARIK FLOYD, DEON KING, AND ANTHONY SPENCER
On January 18, 2023, an amended lawsuit was filed against Deon King, Tarik Floyd, and Anthony Spencer by plaintiffs Corles Giles and Kenneth Simmons.
The suit alleged that Floyd — acting as principal of FTF Investments — and King misrepresented facts to persuade the plaintiffs into investing over $50,000 in Tancil Logistics. The investment was pitched as capital for expanding the fleet and hiring drivers. In return, King and Floyd pledged:
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40% of Tancil Logistics’ monthly profits, or
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A minimum $2,000/month flat fee, plus
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Full return of principal at the contract’s end.
Fraudulent Representations
According to the petition, the defendants misled the plaintiffs with false claims, including:
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Tancil Logistics had existing and pending interstate freight contracts.
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In reality, TL had no FMCSA operating authority and no valid contracts.
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The company was positioned for rapid growth.
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In truth, TL never operated more than two trucks or hired more than one driver.
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Investor funds would be used for trucking operations.
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Instead, money was diverted to personal expenses, luxury purchases, and Ponzi-style payouts to earlier investors.
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The plaintiffs also uncovered that King, Floyd, and Spencer had solicited over $40,000 from additional victims, suggesting a broader Ponzi scheme structure.
The Defendants’ Roles
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Tarik Floyd – Negotiated the contract, lent “credibility” through FTF Investments, later found guilty of fraud in a $295,000 judgment (July 2025).
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Deon King – Co-founder of TL, frontman who promised high returns, now facing lawsuits and bankruptcy.
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Anthony Spencer – Vice President of TL, present during negotiations, failed to disclose known misrepresentations, and filed for Chapter 7 bankruptcy (April 2025) to avoid liability.
👉 Read the Full Judgment Against Tarik Floyd
👉 Learn More About Deon King’s Fraudulent Rise and Fall
👉 Anthony Spencer’s Bankruptcy Filing Explained
DISCLAIMER
Disclaimer
The information provided on this website is for informational purposes only. It is based on public court records and filings related to Giles v. Tancil Logistics and other legal actions involving Deon King, Tarik Floyd, and Anthony Spencer.
This site does not provide legal advice. Visitors should consult an attorney for guidance on specific legal questions. While we strive for accuracy, no guarantees are made regarding the completeness or reliability of the content.
By using this site, you acknowledge that you are responsible for verifying information independently and agree that the site and its contributors are not liable for any reliance placed on its content.