🚨 Important Update: Tarik Floyd Found Guilty of Fraud 🚨

Tarik Floyd Fraud Judgment – $295K Court Ruling

Court finds Tarik Floyd guilty of fraud. Final judgment of $295,002.36 issued for fraudulent inducement and misuse of investor funds.

On July 28, 2025, the 295th District Court (Cause No. 2022-62084) entered a Final Judgment against Tarik Floyd, ordering him to pay $295,002.36 to Corles A. Giles and Kenneth A. Simmons.

The Court ruled against Floyd for fraudulent inducement, promissory estoppel, and violations of the Texas Uniform Fraudulent Transfer Act, citing clear and convincing evidence on every claim.

“After a careful review of the motion, the responses, the replies, and the voluminous evidence presented, the Court is of the opinion that the motion should be GRANTED.”

💰 Judgment Breakdown

• Actual Damages – $70,500.00

  • $52,500.00 original investment

  • $18,000.00 contractual payments due between Dec. 2021 – Aug. 2022

• Punitive Damages – $200,000.00

• Attorney’s Fees – $24,502.36

Total Judgment: $295,002.36

📑 Court Findings

• Investor Funds Misused: No trucks purchased, no drivers hired. Instead, funds went to personal expenses such as travel, hotels, entertainment, and Floyd’s living costs.

• Business Unsustainable:

  • TL promised $38,000 in monthly payments but never operated more than two trucks.

  • Only one driver employed.

  • No FMCSA operating authority.

  • Financial records showed continuous net losses, totaling $356,000+ before Plaintiffs’ investment and over $1M in shortfalls by Jan. 2023.

• Insider Dealings Documented:

  • Floyd shared a residence with TL principal, King, at 7025 Hemlock Ave., Dallas, TX.

  • King sat on the board of Floyd’s company, FTF Investments.

  • Floyd personally benefited from a $50,000 payout to cover another failed real estate deal.

  • Floyd also received $164,154 in personal payments with no repayment obligation.

• Deceptive Transfers:In March 2022, Floyd told investors his new company, Kai Express, would assume TL’s operations. Records revealed this was false: equipment was instead registered under King’s personal name.

⚖️ Final Note

This judgment sends a strong warning: fraudulent inducement, misuse of investor funds, and deceptive transfers will not go unpunished.

If you are considering doing business with Tarik Floyd, this court ruling should be part of your due diligence.

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