🚨 From the Gridiron to the Courtroom: The Rise and Fall of Deon King
- nicholasgiles6
- Sep 1
- 3 min read
Deon King Fraud – NFL Bust Turns Ponzi Schemer
Ex-NFL player Deon King faces lawsuits and bankruptcy after defrauding investors through Tancil Logistics and Kai Express. Learn the facts.
Deon King once touted his time in the NFL as proof of grit, discipline, and perseverance — qualities he claimed transferred seamlessly into business. In reality, his football career barely got off the ground, and his business career has been far worse, marked by fraud, lawsuits, and bankruptcy.
🏈 The Illusion of a Football Career
Between 2016 and 2018, King jumped between five NFL teams in two years:
Dallas Cowboys – Signed, released before the season began.
San Diego Chargers – Practice squad, briefly promoted, then cut.
Indianapolis Colts – Waiver claim, gone within months.
Cleveland Browns – Shuffled between practice squad and roster, repeatedly released.
Jacksonville Jaguars – Signed late 2017, waived in 2018.
His NFL stats? Just four solo tackles — his entire recorded contribution to professional football (NFL stats).
Total career earnings: $646,776 (Spotrac source).
💸 The Pivot to Fraud
King reinvented himself as a businessman, co-founding Tancil Logistics with Tarik Floyd and bringing former NFL player Anthony Spencer aboard as Vice President. Investors were promised a thriving trucking operation.
The truth:
Over $1.08 million raised in 2½ years.
No more than one truck or one driver ever operated at a time.
Investor funds were never used as promised.
Instead, money went to:
Travel, hotels, restaurants
Luxury retail purchases
Grooming services
Transfers to Floyd’s and King’s family members
Personal living expenses
Tancil Logistics wasn’t a logistics company — it was a slush fund.
⚖️ The Legal Fallout
Bankruptcy as an Escape Hatch
In April 2024, King filed for Chapter 7 bankruptcy — a move seemingly designed to sidestep responsibility in Giles v. Tancil Logistics. But instead of closing the book, it opened a new chapter of litigation.
New Lawsuit in Bankruptcy Court
Case No. 4:24-ap-03188, filed in Texas Southern Bankruptcy Court, brings fresh claims against:
Deon King
Tarik Floyd
Tancil Logistics, LLC
Kai Express, LLC
The complaint alleges fraud, breach of fiduciary duty, embezzlement, conversion, and conspiracy. At issue: $40,000 meant for trucks and freight costs that vanished into personal spending.
🧩 A Pattern of Deception
This case mirrors the schemes already proven in state court. In fact, King’s co-defendant, Tarik Floyd, was recently found guilty of fraud in a separate judgment for nearly $300,000. You can read the full breakdown of Floyd’s case here:👉 Important Update: Tarik Floyd Found Guilty of Fraud
Together, the two illustrate a clear pattern:
Solicit investor funds under false pretenses.
Burn through the cash on personal luxuries.
When caught, try to hide behind bankruptcy or shell companies.
🚨 The Legacy of Deon King
Deon King’s NFL career ended with four tackles. His business ventures are ending with multiple lawsuits, bankruptcy, and fraud allegations. Rather than perseverance and grit, King’s legacy looks destined to be financial misconduct and broken trust.
Join the Support Network for Victims
If you or someone you know was affected by Tancil Logistics’ fraudulent activities, consider joining the Tancil Logistics Fraud Victims Group – Deon King • Tarik Floyd • A. Spencer on Facebook. It’s a supportive community where victims can share information and resources:Facebook Support Group