Tariq A. Floyd
Tarik A. Floyd positioned himself as a businessman through his company FTF Investments and as a co-founder of Tancil Logistics, LLC. He presented himself to investors as a credible partner with the expertise to grow a trucking business.
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In reality, Floyd has now been found guilty of fraud in court, with a Texas District Court entering a $295,002.36 judgment against him on July 28, 2025.
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Fraud & Allegations
Together with co-defendant Deon King, Floyd solicited over $1 million from investors under the guise of financing new trucks and drivers for Tancil Logistics. The promises included:
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A return of 40% of monthly profits, or
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A minimum of $2,000 per month, plus
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Full repayment of the investment at the end of the contract.
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Instead, evidence showed that:
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No trucks were ever purchased under the agreement.
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Tancil Logistics never operated more than two trucks or employed more than one driver.
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Investor money was diverted to personal expenses, luxury purchases, and Ponzi-style payouts to earlier investors.
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Floyd used his company, FTF Investments, to give the scheme false credibility and even placed King on FTF’s board.
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Court filings confirm Floyd personally received $164,154 in payments from Tancil Logistics and its principals for his own living expenses.
The Court Judgment
On July 28, 2025, the 295th District Court of Texas (Cause No. 2022-62084) issued a Final Judgment against Tarik Floyd in favor of plaintiffs Corles Giles and Kenneth Simmons.
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The court found clear and convincing evidence of fraud, ruling:
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“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.”
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💰 Judgment Breakdown:
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$70,500 in actual damages
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$200,000 in punitive damages
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$24,502.36 in attorney’s fees
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Total Judgment: $295,002.36
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A Pattern of Fraud
Floyd’s actions were not isolated. He was part of a broader scheme operated by Deon King and Anthony Spencer:
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Deon King – Failed NFL player turned fraudster who helped solicit over $1 million from investors.
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Anthony Spencer – Vice President of Tancil Logistics, present during key negotiations, later filed Chapter 7 bankruptcy in 2025 to avoid liability.
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Together, these three orchestrated a Ponzi-style scheme that defrauded investors and misused funds for personal enrichment.
Victim Support
If you were affected by Tarik Floyd, Deon King, or Anthony Spencer, you’re not alone. Victims are uniting to share resources and updates in the Tancil Logistics Fraud Victims Group – Deon King • Tarik Floyd • A. Spencer on Facebook.
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