Unveiling an Investment Scam Lawsuit: The Case of Deon King, Tarik A. Floyd, and Anthony Spencer

Details of litigation concerning a case of investment fraud involving Deon King, Tarik Floyd, and Anthony Spencer have come to light. Promising lucrative returns and presenting an enticing investment opportunity in a trucking company, these individuals targeted non-accredited investors. However, as time passed, investors found themselves left in the dark, prompting legal action to uncover the truth behind their missing funds. This website delves into the details of the lawsuit and sheds light on the alleged fraudulent activities perpetrated by King, Floyd, and Spencer.

The Investment Pitch: According to the lawsuit, it appears that Deon King and Tarik Floyd leveraged their credentials and networks, and the allure of tangible assets to attract investment into Tancil Logistics, a interstate trucking company. Their pitch centered around the need for capital to expand their fleet, allowing them to secure existing and potential freight hauling contracts. With false representations from King and Floyd, plaintiffs of the suit were enticed to contribute funds to the trucking company.

The Unraveling of the Scheme: However, as time passed, red flags began to surface. The promised fleet expansion never materialized, leaving plaintiffs in a state of alarm. Further, the petition asserts the funds provided by plaintiffs were likely misappropriated. The petition alleged, upon information and belief, that the money was used to pay previous debtors or investors who had fallen victim to their scheme, as well as to cover the personal expenses of the perpetrators.

Drawing Parallels - the Franklin Ray Case: Interestingly, this case bears striking similarities to a previous fraud case involving Franklin Ray of CSA Business Solutions. Despite grand claims of owning thousands of trucks, it was later discovered that Ray's company only possessed a meager two. This parallel serves to highlight the recurring nature of this particular fraudulent investment scheme and the need for vigilance in the investment landscape.

You can read more about the Franklin Ray case by clicking HERE.

Legal Action and the Implicated Parties: Investors initiated litigation against Deon King, a former NFL player and the current CEO and co-founder of Tancil Logistics LLC. Tarik Floyd, the chief executive and principal at FTF Investments, a real estate investment firm, and Anthony Spencer, the vice president and co-founder of Tancil Logistics LLC. The legal proceedings are ongoing and this site will provide updates on the case as it evolves.

Conclusion: The case of Tancil Logistics, Deon King, Tarik Floyd, and Anthony Spencer stands as a stark reminder of the potential risks lurking within the investment landscape. Non-accredited investors must exercise caution and conduct thorough due diligence before entrusting their funds.