RBL Receivers

ROYAL BENGAL LOGISTICS, INC. (RBL)
PAUL LOPEZ AND JENNIFER WAHBA RECEIVERS

UPDATE AS OF March 25, 2025

INTERIM DISTRIBUTION STATUS REPORT

On Thursday, March 20, 2025, a hearing was held in the United States District Court for the Southern District of Florida on the Receivers’ motion for authority to make an interim distribution of the total amount of $2,750,000 to investors and creditors of RBL.

Judge David Leibowitz heard presentations in support of the motion from the attorney for the SEC and the attorney for the Receivers. The Judge then allowed multiple investors who had appeared at the Court in person to ask questions, make statements and present issues for consideration by the Judge and the Receivers in connection with the proposed distribution. Following that, the attorney for the Receivers provided a response to the questions that were raised by the investors from their discussion with the Judge.

Judge Leibowitz then announced that under the rules, there would be a 30-day waiting period after the hearing on March 20 for investors, creditors and any other parties to file any objections to the motion seeking authority to make the interim distribution. The Judge stated that as soon the 30-day window expired, and certainly within 10 days after that, he would enter an Order on the Receivers’ motion for authority to make the interim distribution.

Given the fact that there have been no objections so far, and given the presentations to the Judge at the hearing, it is anticipated that before the end of April, he will enter the Order authorizing the interim distribution to be made.

Once the Order is entered, the Receivers will post an announcement on this website as to how and when the checks will be issued and sent to all investors and creditors whose claims have been approved.

IT IS VERY IMPORTANT THAT IF ANY INVESTOR HAS MOVED OR CHANGED A MAILING ADDRESS AFTER FILING THEIR PROOF OF CLAIM WITH THE RECEIVERS THAT THEY PROMPTLY SEND AN EMAIL TO THE RECEIVERS AT rblreceiver@trippscott.com ADVISING THE RECEIVERS OF THE NEW ADDRESS SO THAT ALL CHECKS CAN BE SENT TO INVESTORS’ CURRENT ADDRESSES. Please do not email the Receivers to tell them that your address has not changed or to ask exactly when your check will be issued.

As soon as additional information is available regarding the issuance of checks, it will be posted on this website.

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TO ALL OF THE INVESTORS AND CREDIOTS OF RBL

On March 5, 2025, the United States District Court for the Southern District of Florida published the attached Notice concerning the hearing scheduled for Thursday, March 20, 2025 at 2:00 PM requiring anyone who wishes to object to the Receivers’ proposed interim distribution to investors and creditors to appear in Court in person as set forth in the attached Notice. For those investors and creditors who desire to listen to the hearing and not participates, a Zoom link will be provided prior to March 20, 2025.

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The United States District Court handling the RBL case has directed the Receivers to provide all investors and creditors with a copy of the motion for authorization to make an interim distribution to investors and is available here, as well as a copy of the court order setting a hearing on the request for the interim distribution for March 20, 2025, which is available here. All investors and creditors are permitted to attend the March 20 hearing as set forth in the Court’s order.

Tribinal Distri Etazini ki okipe ka RBL la te dirije Reseptè yo pou bay tout envestisè ak kreditè yon kopi mosyon an pou otorizasyon pou fè yon distribisyon pwovizwa bay envestisè yo, ki disponib la [LINK] ansanm ak yon kopi òdonans tribinal la ki fikse yon odyans sou demann pou distribisyon pwovizwa pou 20 mas 2025, ki disponib la [LINK]. Tout envestisè ak kreditè yo gen pèmisyon pou yo patisipe nan odyans 20 mas la jan sa endike nan Òdonans Tribinal la.

YON ENFÒMASYON ENPÒTAN POU TOUT ENVESTISÈ AK KREDITÈ POU RBL KONSÈNAN ODYANS TRIBINAL LA SOU DISTRIBISYON TANPORÈ

18 Desanm 2024, Reseptè RBL yo te fè yon Mouvman devan Tribinal Distrik Etazini pou Distrik Sid Florida ki mande tribinal la pou bay Reseptè yo otorite pou fè yon distribisyon tanporè bay envestisè ak kreditè. Yon lyen pou mouvman Reseptè yo se isit la.

Yon distribisyon “tanporè” vle di sa a se sèlman premye distribisyon an, epi gen pou gen yon distribisyon adisyonèl nan lavni lè tribinal la otorize. Kòm sa a esplike nan Mouvman Reseptè yo, Reseptè yo entansyon fè yon distribisyon $2,750,000 sou yon baz pwopòsyonèl bay envestisè ak kreditè ki gen otorizasyon pou resevwa yon distribisyon. Sa vle di chak envestisè oswa kreditè ki soumèt fòm reklamasyo ki nesesè yo ak tout dokiman sipò apre dat limit la (epi ki reklamasyon yo te verifye pa Reseptè yo) ap resevwa menm pousantaj nan $2,750,000 sa a kòm distribisyon inisyal yo baze sou kantite envestisman yo te fè.

20 Desanm 2024, Jij ki nan ka Reseptè RBL la te fè yon lòd ki fikse yon odyans sou mouvman Reseptè yo pou fè distribisyon tanporè a pou Jedi, 23 Janvye 2025, a 2:00 PM Tan East. Odyans nan ap fèt nan Sal Tribinal 202A nan Tribinal Distrik Etazini pou Distrik Sid Florida, 299 E. Broward Blvd., Fort Lauderdale, FL 33301. Nenpòt manm piblik, ki gen ladan envestisè ak kreditè RBL yo, gen dwa pou asiste nan odyans nan. Pandan odyans sa a, tribinal la pral konsidere pozisyon Reseptè yo ak SEC a sou distribisyon tanporè a e li ka tande nenpòt opozisyon ki soti nan envestisè oswa kreditè RBL yo. Yon lyen pou lòd ki fikse audyans lan se isit la.

Yon rezime sou soulajman Reseptè yo mande a se kòm sa suit. Tanpri note ke tribinal la poko apwouve soulajman sa a yo mande a, konsa li ka chanje selon desizyon final tribinal la:

1. Reseptè yo ap otorize pou fè yon distribisyon tanporè nan kantite total $2,750,000 pou tout kreditè ak envestisè ki te soumèt prèv reklamasyon an anvan 31 Jiyè 2024, selon tèm sa yo:

a. Distribisyon tanporè a ap baze sèlman sou kantite prensipal dèt ak envestisman ki nan prèv reklamasyon ki aksepte yo (avèk okenn enterè ki te akimile ak ki pa peye oswa nenpòt enterè ki pa peye oswa ki te woule kòm rezilta envestisman ki te fèt apre yo pa pral konsidere pou distribisyon), pou gwoup envestisè ak kreditè sa yo nan RBL:

i. Envestisè ki te bay RBL lajan pou acha yon kamyon.

ii. Envestisè ki te bay RBL lajan pou sa ki te karakterize kòm prè alontèm.

iii.Envestisè ki te bay RBL lajan pou sa ki te karakterize kòm prè kout

tèm.

iv. Envestisè ki te bay RBL lajan pou envesti nan fabriken ak fabrikasyon

remòk.

v. Envestisè ki te bay RBL lajan pou envesti nan opòtinite devlopman

byen imobilye.

vi. Nenpòt lòt gwoup envestisè ki gen yon prèv reklamasyon valid ak

dokiman sipò ke Reseptè yo verifye.

vii.Kreditè ki te dwe lajan pa RBL kòm kreditè ki pa garanti ki

baze sou tranzaksyon òdinè nan kou biznis.

2. Reseptè yo ap jwenn otorizasyon sa yo nan relasyon ak distribisyon tanporè ki fèt la.

a. Reseptè yo ka trete reklamasyon ki soti nan domaj kòpòrèl ak domaj

pwopriyete nan operasyon kamyon yo kote RBL te gen asirans ki pa kouvri tout reklamasyon an e ki te vin devni responsabilite RBL, osi byen pou reklamasyon ki te regle sou menm distribisyon pwopòsyonèl ki dekri nan sou seksyon a pi wo a.

b. Reseptè yo ka rejte nenpòt reklamasyon ki baze sou pèt nan valè kamyon ki te

achte pa envestisè oswa reklamasyon ki baze sou reklamasyon defisyans ki te pwogrese pa kreditè ki garanti kont envestisè RBL yo kòm yon rezilta de remiz oswa forecloz ki te fèt sou kamyon ki te lwe a RBL.

c. Reseptè yo ka aksepte sèlman reklamasyon pou peman prensipal ak

envestisman e rejte nenpòt distribisyon pou reklamasyon sou enterè ki pa peye

oswa pwofi ki pa touche.

d. Reseptè yo ka retni distribisyon pou envestisè ak kreditè yo kote prèv

reklamasyon yo incomplet oswa defisyant oswa ki sijè a opozisyon jiskaske dokiman ki nesesè pou sipòte prèv reklamasyon yo te konplete oswa nenpòt opozisyon rezoud. Reseptè yo ap kapab distribye kantite pwopòsyonèl la nan menm fason an jan sa dekri nan seksyon 1.a. pi wo a nan moman konplete oswa rezolvaj.

e. Reseptè yo ka fè distribisyon an pa emisyon chèk ki pral voye bay envestisè ak

kreditè yo selon adrès ki te endike nan prèv reklamasyon yo (oswa, si adrès

la chanje depi soumèt prèv reklamasyon an, nan adrès aktyèl envestisè a oswa

kreditè a).

f. Reseptè yo ka elaji domèn angajman Kapila Mukamal kòm kontabl an forensik

pou Reseptè yo pou prepare chèk yo ak fè dispèsyon fizikman pa lapòs pou envestisè ak kreditè yo, oswa, nan diskresyon Reseptè yo, anboche yon lòt founisè pou fè sèvis sa yo nan prepare chèk yo ak fè distribisyon fizikman pa lapòs pou envestisè ak kreditè yo.

3. Reseptè yo ap gen dwa pou egzèse devwa fidisyè yo ak bon lafwa, konsistan ak

otorite ki te bay yo nan Lòd Tribinal la ki te nonmen yo kòm Reseptè [D.E. 11], nan akonplisman obligasyon yo pou fè yon distribisyon inisyal bay envestisè ak kreditè RBL yo. Lòd sa a pa gen entansyon limite okenn pouvwa oswa obligasyon lòt ke Reseptè yo ta ka genyen.

Envestisè ak kreditè yo gen opòtinite pou opoze demann Reseptè yo pou fè distribisyon sa a kòm sa a dekri pi wo a. Si nenpòt envestisè oswa kreditè vle opoze distribisyon an, yo ta dwe swa:

(A) soumèt yon opozisyon ekri adrese bay Clerk Tribinal Distrik Etazini pou Distrik Sid Florida, 299 E. Broward Blvd., Fort Lauderdale, FL 33301 ki fè referans a Nimewo Ka 23-cv-61179-DSL; oswa

(B) voye yon opozisyon ekri pa imèl adrese bay Reseptè yo nan rblreceiver@trippscott.com, ak sijè liy imèl la ki di OPOZISYON DISTRIBISYON; oswa

(C) asiste odyans nan an pèsòn epi fè konnen opozisyon an nan tribinal la 23 Janvye 2025, a 2:00 PM nan Tribinal Distrik Etazini pou Distrik Sid Florida, 299 E. Broward Blvd., Fort Lauderdale, FL 33301 nan Sal Tribinal 202A.

Si ou, kòm yon envestisè oswa kreditè RBL pa gen okenn opozisyon a pwopozisyon Reseptè yo pou fè yon distribisyon tanporè de $2,750,000, Lè sa a, pa gen anyen plis ou bezwen fè. Tanpri, pa kontakte Reseptè yo oswa Tribinal la pou di yo ou PA gen yon opozisyon, paske sa ralanti kapasite nou pou travay sou ka Reseptè a.

Apre odyans la 23 Janvye 2025, Reseptè yo ap pibliye yon avi sou sit entènèt Reseptè yo epi yo pral voye yon imèl bay tout envestisè ki known sou rezilta odyans lan.

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AN IMPORTANT REMINDER TO ALL INVESTORS AND CREDITORS

The RBL Receivers will soon be advising all creditors and investors of the date when the United States District Court for the Southern District of Florida will be holding a final hearing to consider authorizing the initial distribution to investors and creditors.

Before the initial distribution is made, it is important that all investors and creditors promptly advise the Receivers if their mailing address has changed or if they have moved since they submitted their Proofs of Claim form to the Receivers. Because the Receivers will be mailing checks to the addresses listed on the Proofs of Claim, it is important that the Receivers have updated addresses on file.

If you have moved or changed your address since you submitted your Proof of Claim, please send an email to rblreceiver@trippscott.com with the name listed on the Proof of Claim and the current address where the distribution check should be sent. Please DO NOT send an email to provide the same address that we already have on file, as this will slow down our ability to process the claims. You only need to send an email if your address has changed since you submitted your documents to us.

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AN IMPORTANT NOTICE TO ALL INVESTORS AND CREDITORS OF RBL REGARDING THE COURT’S HEARING ON THE INTERIM DISTRIBUTION

On December 18, 2024, the RBL Receivers filed a Motion with the United States District Court for the Southern District of Florida asking the court to give the Receivers the authority to make an interim distribution to investors and creditors. A link to the Receivers’ filed motion is here.

An “interim” distribution means that this is just the first distribution, and there will be an additional distribution in the future when authorized by the Court. As explained in the Receivers’ Motion, the Receivers intend to distribute $2,750,000 on a pro rata basis to investors and creditors who are authorized to receive a distribution. This means that each investor or creditor who has submitted the necessary claim form and all supporting documents by the deadline (and whose claim has been verified by the Receivers) will receive the same percentage of this $2,750,000 as their initial distribution based on the amount of their principal investment.

On December 20, 2024, the Judge in the RBL Receivership case entered an order setting a hearing on the Receivers’ motion to make the interim distribution for Thursday, January 23, 2025 at 2:00 PM Eastern Time. The hearing will be held in in Courtroom 202A at the United States District Court for the Southern District of Florida, 299 E. Broward Blvd., Fort Lauderdale, FL 33301. Any member of the public, including the RBL investors and creditors, are permitted to attend the hearing. At this hearing, the Court will consider the Receivers’ and SEC’s position on the interim distribution and may hear any objections from RBL’s investors or creditors. A link to the order setting the hearing is here.

A summary of the Receivers’ requested relief is as follows. Please note that the Court has not yet approved this requested relief, so it may be changed based on the Court’s final decision:

1. The Receivers will be authorized to make an interim distribution in the gross amount of $2,750,000 to all creditors and investors that had filed proofs of claim on or before July 31, 2024 according to the following terms:

a. The interim distribution will be based only upon the principal amount of debts and investments as set forth in the allowed proofs of claim (with any accrued and unpaid interest or any interest that was either unpaid or rolled over as a result of subsequent investments to not be considered for distribution purposes), for the following group of investors and creditors of RBL:

i. Investors that had given funds to RBL for the purchase of a truck.

ii. Investors that had given funds to RBL for what was characterized as long-term loans.

iii. Investors that had given funds to RBL for what was characterized as short-term loans.

iv. Investors that had given funds to RBL in order to invest in trailer fabrication and manufacturing operation.

v. Investors that had given funds to RBL in order to invest in real estate development opportunities.

vi. Any other group of investors with a valid proof of claim with supporting documentation that the Receivers have verified.

vii. Creditors that were owed funds by RBL as unsecured creditors based upon ordinary course of business transactions.

2. The Receivers will be granted the following authorization in connection with the interim distribution to be made.

a. The Receivers may treat claims arising from personal injury and property damage from the operation of trucks where RBL had insurance coverage that did not cover the entire claim and became the responsibility of RBL, as well as for claims that were settled on the same pro rata distribution as set forth in subsection a above.

b. The Receivers may disallow any claims based upon the loss in value of trucks purchased by investors or claims based upon deficiency claims being asserted by secured creditors against the investors of RBL as a result of the surrender or foreclosure of the trucks that had been leased to RBL.

c. The Receivers may allow only claims for principal payments and investments and disallow any distributions for claims of unpaid interest or unearned profits.

d. The Receivers may withhold distribution to those investors and creditors where their proofs of claim are incomplete or deficient or subject to objection until the documentation necessary to support the proofs of claim has become completed or any objections resolved. The Receivers will then be able to distribute the pro rata amount in the same manner as set forth in section 1.a. above at the time of completion or resolution.

e. The Receivers may make the distribution by the issuance of checks to be mailed to the investors and creditors based upon the addresses listed in their proofs of claim (or, if the address has changed since filing the proofs of claim, to the investor’s or creditor’s current address).

f. The Receivers may expand the scope of engagement of Kapila Mukamal as forensic accountants for the Receivers to prepare the checks and physically make the disbursements by US mail to the investors and creditors, or, within the discretion of the Receivers, engage another vendor to perform the services of preparing the checks and physically making the distribution by US mail to the investors and creditors.

3. The Receivers will be permitted to exercise their fiduciary duties and good-faith discretion, consistent with the authority granted to them in the Court’s Order appointing them as Receivers [D.E. 11], in carrying out their obligations to make an initial distribution to RBL’s investors and creditors. This Order is not intended to limit any powers or obligations the Receivers may otherwise have.

Investors and creditors have the opportunity to object to the Receivers’ request to make the distribution as outlined above. If any investor or creditor desires to object to the distribution they should either:

(A) file a written objection addressed to the Clerk of the United States District Court for the Southern District of Florida, 299 E. Broward Blvd., Fort Lauderdale, FL 33301 and making a reference to Case Number 23-cv-61179-DSL; or

(B) send a written objection by email addressed to the Receivers at rblreceiver@trippscott.com, with the subject line of the email stating DISTRIBUTION OBJECTION; or

(C) attend the hearing in person and state the objection in open court on January 23, 2025, at 2:00 P.M. at the United States District Court for the Southern District of Florida, 299 E. Broward Blvd., Fort Lauderdale, FL 33301 in Courtroom 202A.

If you, as an RBL investor or creditor do not have any objection to the Receivers’ proposal to make an interim distribution of $2,750,000, then there is nothing further that you need to do. Please do not contact the Receivers or the Court to tell them that you do NOT have an objection, as this slows down our ability to work on the Receivership case.

After the hearing on January 23, 2025, the Receivers will post a notice on the Receivers’ website and will send an email blast to all known investors as to the results of the hearing.

PAUL LOPEZ AK JENIFER WAHBA RESEPTÈ ROYAL BENGAL LOGISTICS, INC. (RBL)

YON ENFÒMASYON ENPÒTAN POU TOUT ENVESTISÈ AK KREDITÈ POU RBL KONSÈNAN ODYANS TRIBINAL LA SOU DISTRIBISYON TANPORÈ

Yon rezime sou soulajman Reseptè yo mande a se kòm sa suit. Tanpri note ke tribinal la poko apwouve soulajman sa a yo mande a, konsa li ka chanje selon desizyon final tribinal la:

1. Reseptè yo ap otorize pou fè yon distribisyon tanporè nan kantite total $2,750,000 pou tout kreditè ak envestisè ki te soumèt prèv reklamasyon an anvan 31 Jiyè 2024, selon tèm sa yo:

i. Envestisè ki te bay RBL lajan pou acha yon kamyon.

ii. Envestisè ki te bay RBL lajan pou sa ki te karakterize kòm prè alontèm.

iii.Envestisè ki te bay RBL lajan pou sa ki te karakterize kòm prè kout

tèm.

iv. Envestisè ki te bay RBL lajan pou envesti nan fabriken ak fabrikasyon

remòk.

v. Envestisè ki te bay RBL lajan pou envesti nan opòtinite devlopman

byen imobilye.

vi. Nenpòt lòt gwoup envestisè ki gen yon prèv reklamasyon valid ak

dokiman sipò ke Reseptè yo verifye.

vii.Kreditè ki te dwe lajan pa RBL kòm kreditè ki pa garanti ki

baze sou tranzaksyon òdinè nan kou biznis.

2. Reseptè yo ap jwenn otorizasyon sa yo nan relasyon ak distribisyon tanporè ki fèt la.

a. Reseptè yo ka trete reklamasyon ki soti nan domaj kòpòrèl ak domaj

b. Reseptè yo ka rejte nenpòt reklamasyon ki baze sou pèt nan valè kamyon ki te

c. Reseptè yo ka aksepte sèlman reklamasyon pou peman prensipal ak

envestisman e rejte nenpòt distribisyon pou reklamasyon sou enterè ki pa peye

oswa pwofi ki pa touche.

d. Reseptè yo ka retni distribisyon pou envestisè ak kreditè yo kote prèv

e. Reseptè yo ka fè distribisyon an pa emisyon chèk ki pral voye bay envestisè ak

kreditè yo selon adrès ki te endike nan prèv reklamasyon yo (oswa, si adrès

la chanje depi soumèt prèv reklamasyon an, nan adrès aktyèl envestisè a oswa

kreditè a).

f. Reseptè yo ka elaji domèn angajman Kapila Mukamal kòm kontabl an forensik

3. Reseptè yo ap gen dwa pou egzèse devwa fidisyè yo ak bon lafwa, konsistan ak

Envestisè ak kreditè yo gen opòtinite pou opoze demann Reseptè yo pou fè distribisyon sa a kòm sa a dekri pi wo a. Si nenpòt envestisè oswa kreditè vle opoze distribisyon an, yo ta dwe swa:

(A) soumèt yon opozisyon ekri adrese bay Clerk Tribinal Distrik Etazini pou Distrik Sid Florida, 299 E. Broward Blvd., Fort Lauderdale, FL 33301 ki fè referans a Nimewo Ka 23-cv-61179-DSL; oswa

(B) voye yon opozisyon ekri pa imèl adrese bay Reseptè yo nan rblreceiver@trippscott.com, ak sijè liy imèl la ki di OPOZISYON DISTRIBISYON; oswa

Apre odyans la 23 Janvye 2025, Reseptè yo ap pibliye yon avi sou sit entènèt Reseptè yo epi yo pral voye yon imèl bay tout envestisè ki known sou rezilta odyans lan.

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TO ALL INVESTORS AND CREDITORS:

The hearing in the United States District Court for the Southern District of Florida to consider the scheduling of the interim distribution to the investors and creditors of RBL that was scheduled for December 4 at 2:00 PM was postponed by the Court until December 13, 2024 at 3:00 PM.

As noted in the motion filed with the court where the link can be found in the text below, the hearing on December 13 will establish the procedures and an additional hearing date for the initial distribution to investors and creditors, where investors will be permitted to appear.

The Receivers will update this website following the hearing on December 13, 2024.

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Paul Lopez and Jennifer Wahba as Receivers for RBL have filed a motion with the United States District Court for the Southern District of Florida to authorize and permit them to make an interim distribution to all investors and creditors of RBL. A link to a copy of the motion filed with the court is here.

The Receivers have asked the court to set a hearing date to consider the motion for the distribution so that all investors and creditors will have the opportunity to first review the motion and the procedure that has been suggested for the distribution prior to court approval. Once the court sets the hearing date, a copy of the motion will be sent by email to all known investors and creditors giving them the opportunity to comment on the proposed distribution and to appear at the hearing if they choose to do so.

Once a hearing has been held, and assuming the court approves the requested interim distribution, the Receivers will post an additional update on this website and will send an email blast to notify all investors and creditors when and how the distribution will be made.

Please note that at this time, it is still too early to be able to state with certainty the percentage of the claims that will be paid with the interim distribution. Please keep in mind that this will only be the first distribution, and the Receivers anticipate that there will be one or more further distributions in the future for an additional portion of the claims. However, unfortunately, nobody will be receiving their full investment back at any time throughout this process.

Finally, the Receivers wish to inform all investors and creditors that RBL’s former CEO, Sanjay Singh, has recently been convicted of all eight counts of claimed criminal activity including money laundering after his criminal trial, and he will remain in prison until his sentencing in February 2025.

The Receivers will continue to update this website as to the status of the proposed interim distribution. If you have any further questions, please contact the Receivers by email at rblreceiver@trippscott.com. ____

On October 3, 2024, Paul Lopez and Jennifer Wahba in their capacities as Receivers for RBL filed their status report for the operations of the RBL receivership estate for the calendar quarter from July 1, 2024 until September 30, 2024. A link to that report is here.

Investors and creditors of RBL should take the time to read the status report in order to be able to be brought up to date and understand the various issues that are involved with the Receivers’ efforts to create the largest distribution possible to those who have been hurt by the RBL situation.

Please continue to check this website for updates on the upcoming initial interim distribution to investors and creditors.

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RBL RECEIVERS’ STATUS REPORT ON THE INITIAL INTERIM DISTRIBUTION TO INVESTORS AND CREDITORS

Paul Lopez and Jennifer Wahba as Receivers for Royal Bengal Logistics, Inc. (RBL) provide this status report to the RBL investors and creditors concerning the contemplated initial interim distribution of funds.

The Receivers and their staff are working diligently to review the more than 1,500 proofs of claim that have been submitted. Unfortunately, many of these claims are lacking complete documentation, and others claim amounts that are inaccurate or inconsistent with the RBL records. In order for the Receivers to be able to obtain court approval for the distribution, they need to be able to certify to the court that all of the claims have been verified and that the distribution will be based upon claims with complete supporting documentation and accurate amounts.

Hopefully, the claims resolution process can be completed by the middle of September. Once that has occurred, the Receivers will calculate the distribution to be made to investors and creditors and then seek court approval for the payment to be made.

The Receivers will continue to provide updates on this website as to the progress of the claims resolution work and will notify all investors and creditors when a distribution is ready to be made

The Receivers recognize how anxious the investors and creditors are to receive some distribution, and everyone should be assured that the Receivers and their staff members are diligently working on the claims resolution process.

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As the Receivers have previously stated, it is anticipated that there will be an initial distribution to creditors and investors of RBL in the upcoming future.

In order for creditors and investors to receive a distribution, a proof of claim must be on file with the Receivers, and the proof of claim must be fully complete with all documents attached.

Because the Receivers will calculate the distribution based upon the proofs of claim that have been submitted by the date of the calculation, any claim that is submitted after the calculation for the distribution begins will not be included as part of the initial distribution.

PLEASE BE ADVISED THAT THE RECEIVERS WILL BEGIN CALCULATING THE INITIAL DISTRIBUTION ON OR AFTER AUGUST 1, 2024. ALL INVESTORS AND CREDITORS THAT SEEK TO HAVE THEIR CLAIMS CONSIDERED TO BE PAID AS PART OF THE INITIAL DISTRIBUTION MUST HAVE THEIR PROOFS OF CLAIM SUBMITTED TO THE RECEIVERS ON OR BEFORE JULY 31, 2024. ANY PROOFS OF CLAIM SUBMITTED AFTER THAT DATE WILL ONLY BE PAID AS PART OF SUBSEQUENT DISTRIBUTIONS TO CREDITORS AND INVESTORS.

For instructions as to how to submit a proof of claim and for a proof of claim form, please scroll down to view the notice from the Receivers concerning the procedures for submitting proofs of claim.

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In accordance with the Order entered on June 21, 2023, by the United States District Court for the Southern District of Florida appointing Paul Lopez and Jennifer Wahba as Receivers for RBL, on July 3, 2024, the Receivers filed their quarterly report of operations and quarterly accounting for the period from April 1, 2024, through June 30, 2024.

Below is a link to the Receivers’ quarterly report and accounting. All investors and creditors are urged to review this report in order to be brought up to date as to the developments in the Receivership action.

The link to the quarterly report is here.

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Paul Lopez and Jennifer Wahba as the Receivers for RBL wish to provide all investors and creditors with an update as to current developments in the Receivership case, including information about an initial interim distribution of funds to creditors and investors.

Q - The Receivers have previously announced that there will be an interim distribution to creditors and investors this summer. Is there a more specific date for that to occur?

A - Because more than 1,500 proofs of claim have been filed with the Receivers, each one of these claims needs to be reviewed and resolved for discrepancies before an interim initial distribution can be made to creditors and investors. It is anticipated that the initial distribution will occur during the latter part of the summer of 2024, but this is not a guaranteed date.

Q - What will be the basis or rate of the distribution?

A - The distribution will be on an equal percentage basis or a pro rata basis, which means that every creditor and investor will receive the same rate of repayment as every other creditor and investor. There will be no difference in the rate of distribution for the type of claim or the amount of the claim. Everyone will be treated equally.

Q - Can you provide me with an example of what you mean by an equal distribution?

A - An investor in a truck that lost $100,000 and a 90-day short-term loan investor that lost $50,000 will each receive the same percentage of distribution. For example, and this is only an example, if there is a 10% distribution, the truck investor in this example would receive $10,000, and the short-term loan investor would receive $5,000. So even though one person may have received more money than another, the percentage is the same based on their investments. Please understand that the rate of distribution has not been determined, and that the 10% is only an example.

Q - How will the distributions be made?

A – The Receivers will issue checks to the investors and creditors and will mail them to the addresses provided on the proof of claim forms that have been submitted. If the investment was made by your company, the company will receive the check issued in its name, not your individual name.

Q - What will happen if there is still a question as to the amount of my claim that has been filed?

A - The amount of the interim distribution will be held by the Receivers separately until a resolution is made as to the amount of the claim. That money set aside will be taken into consideration when a final distribution is made.

Q - How much will be the overall distribution for this initial payment?

A - The Receivers will seek authority from the Court to distribute a total amount of $2 million to investors and creditors for the initial interim distribution on a pro rata basis as discussed above.

Q - How will creditors and investors know when a distribution is to be made?

A - The Receivers will post a notice on the Receivers’ website and send an email blast to the investors and creditors advising them to be on the lookout for the distribution checks that will be sent.

Q - Will this initial interim distribution be the only one made by the Receivers to creditors and investors?

A – No. The Receivers anticipate that there will be at least one additional distribution and perhaps more as additional funds are recovered by the Receivers for the benefit of the investors and creditors. There is no current estimate as to when the second distribution will be made.

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On April 2, 2024, Paul Lopez and Jennifer Wahba, Receivers for RBL submitted to the Court their quarterly Status Report for the period from January 1, 2024 through March 31, 2024. This Status Report will provide all investors and creditors with a detailed explanation as to what has happened with the RBL receivership for the first three months of 2024. A link to the filed Status Report is here.

Paul Lopez and Jennifer Wahba as Receivers for Royal Bengal Logistics, Inc. (RBL) wish to provide all investors and creditors with a current update as to the status of the RBL Receivership proceedings.

As the Receivers reported in their quarterly status report filed with the court for the status of the Receivership as of December 31, 2023 [LINK], the Receivers have been in the process of selling all of the real estate and other assets that they have been able to locate that either belong to RBL or had been transferred by RBL to other individuals as fraudulent transfers. Except for several remaining trucks and trailers, all the known assets have now been sold, and the sale of the trucks and the trailers should be completed by the end of April 2024.

The Receivers have filed a lawsuit against the former accounting firm for RBL, as well as suing two former development employees (Ricardi Celicourt and Bruce Guillaume) who received excessive bonuses. Additionally, the Receivers are in the process of investigating other lawsuits that can be brought against other parties to recover additional money for investors and creditors. Unfortunately, all this investigation and litigation takes time, and the Receivers do not believe that all the litigation will be over by the end of 2024. A more realistic estimate is that the continued litigation and investigations will last through some point in 2025.

The Receivers have documented and recorded all the proof of claim forms that have been sent to the Receivers, and the Receivers’ staff is currently analyzing the proofs of claim to determine if additional information may be needed from investors to be able to process the claims. The Receivers must fully complete this claims resolutions process before any distributions to investors and creditors can be made. Also, everything the Receivers do must be approved by the SEC and the Court.

The Receivers recognize that investors and creditors are anxious for a distribution to be made to help repay them for the losses that they have sustained. Please understand that the Receivers are doing everything possible to speed up the process and recover substantial assets as quickly as possible, which can then be distributed to investors and creditors. The Receivers’ goal is that, at some point within the next several months, a partial distribution can be made to investors and creditors. The possibility of there being a partial distribution is based on many factors, some of which are currently uncertain and beyond the Receivers’ control. But the Receivers will do everything they can to have an interim distribution made to investors and creditors as soon as possible after receiving the necessary approval from the SEC and the Court.

The Receivers will continue to update the Receivers’ website at www.rblReceivers.com. Additionally, if you have any specific questions, please feel free to email the Receivers at rblreceiver@trippscott.com.

Paul Lopez and Jennifer Wahba, the RBL Receivers, want to use this opportunity to provide all creditors, investors and interested parties a status report on the proof of claim process for those who have submitted claims in order to recover monies claimed to be owed by RBL.

ROYAL BENGAL LOGISTICS, INC (RBL) RECEIVERS STATUS REPORT ON CLAIMS

Presently, approximately 1150 proofs of claim have been submitted to the Receivers from investors and creditors. The Receivers and their staff are completing the process of entering all of the data and categorizing the information contained in the claims. A number of the proofs of claim are lacking the necessary documentation or full information. In those cases, the representatives of the Receivers will be reaching out to the investors and creditors by telephone or email in order to complete and correct all proofs of claim.

The review and categorization of the proofs of claim is an early step in the claims resolution process and the work towards providing a distribution to the RBL investors and creditors. Please understand that the Receivers are doing their best to actively work to obtain funds in order to increase and maximize the distribution that will be made to creditors and investors. Unfortunately, this is a lengthy process, and, at this time, the Receivers are unable to advise investors and creditors as to when an initial distribution may be made, or the extent of an initial distribution. The Receivers will do all that they can to expedite the process, and, also, advise investors and creditors of the status of the Receivership and the claims resolution process.

IF YOU HAVE ALREADY SUBMITTED A PROOF OF CLAIM TO THE RECEIVERS, THERE IS NOTHING THAT YOU NEED TO DO AT THIS TIME. YOU WILL BE NOTIFIED BY THE RECEIVERS IF THERE IS ANY QUESTION WITH RESPECT TO YOUR PROOF OF CLAIM OR IF ADDITIONAL INFORMATION IS NEEDED.

IF YOU ARE A CREDITOR OR INVESTOR OF RBL AND HAVE NOT SUBMITTED A PROOF OF CLAIM TO THE RECEIVERS, THERE IS A LIMITED AMOUNT OF TIME FOR YOU TO DO SO. IF YOU HAVE NOT ALREADY FILED A PROOF OF CLAIM, PLEASE REVIEW THE INSTRUCTIONS BELOW AS TO HOW TO FILE A PROOF OF CLAIM AND THERE ARE LINKS IN ENGLISH AND HAITIAN CREOLE FOR YOUR USE IN ORDER TO OBTAIN A PROOF OF CLAIM FORM.

Claim Filing Instructions If You Have Not Yet Filed A Proof Of Claim

The RBL Receivers are attaching two links below for forms to be used by all investors and creditors in order to file a claim for the return of investments or the payment of debts that RBL owes you or your company. One of the forms is in English, and one of the forms is in Haitian Creole.

If you are an investor in RBL or if RBL owes you money for any reason, please print the appropriate attached form and complete it by filling in all of the information that is requested. It is very important that each of the questions be answered as completely as possible so that the Receivers will be able to evaluate your claim when it is time to make a distribution of funds. If you do not submit this Proof of Claim form, you may not be able to receive a distribution in payment of your investment or debt.

Many of you have already completed a form that was requested by the FBI at the beginning of the case, which has been linked on the Receivers' website. Even if you completed the form for the FBI, you must also complete one of the attached Proof of Claim forms and have it returned to the Receivers.

The completed claim forms should be sent by email to the address listed at the bottom of the Proof of Claim form or it can be sent by regular mail or overnight delivery to the address that is listed at the bottom of the Proof of Claim form. For those investors and creditors who return the Proof of Claim form by email (which is the preferred method), you will receive an automatic acknowledgment of the receipt of your Proof of Claim form, which you should keep for your records. Please return the completed Proof of Claim form as soon as you can.

If you have any questions concerning how to fill out or complete the attached Proof of Claim form, you can send the question by email to the Receivers’ staff at rblreceiver@trippscott.com. Please do not send your completed proof of claim form to this email address, as all completed proof of claim forms should be sent to the email address at the bottom of the proof of claim form.

Please understand that it will be many months before the Receivers are in a position to have sufficient funds in order to make a distribution to investors and creditors. The Receivers are working as fast as they can in order to recover as much money as they are able in order to accumulate the largest possible fund to begin to repay the debts due to investors and creditors.

Click here to access the English form

Click here to access the Haitian form

ROYAL BENGAL LOGISTICS, INC. (RBL)
PAUL LOPEZ AK JENNIFER WAHBA, RESEVWA

POU TOUT ENVESTISÈ AK KREDITÈ RBL: ENFÒMASYON POU FÒM REKLAMASYON AK LINK AK FÒM

Reseptè RBL yo tache de lyen anba a pou fòm tout envestisè yo ak kreditè yo dwe itilize pou yo ka ranpli yon reklamasyon pou retounen envèstisman yo oswa pou peman dèt RBL dwe ou oswa konpayi ou. Youn nan fòm yo se an Anglè, epi youn nan fòm yo se an Kreyòl Ayisyen.

Si ou se yon envestisè nan RBL oswa si RBL dwe ou lajan pou nenpòt ki rezon, tanpri enprime fòm apwopriye ki tache a epi ranpli li lè w ranpli tout enfòmasyon yo mande yo. Li enpòtan anpil pou yo reponn chak kesyon yo konplètman ke posib yon fason pou Reseptè yo kapab evalye reklamasyon w la lè li lè pou yo fè yon distribisyon lajan. Si ou pa soumèt fòm Prèv Reklamasyon sa a, ou ka pa anmezi pou resevwa yon distribisyon pou peye envestisman ou oswa dèt ou.

Anpil nan nou te deja ranpli yon fòm ke FBI te mande nan kòmansman dosye a, ki te lyen sou sit entènèt Receivers yo. Menmsi ou te ranpli fòm pou FBI a, ou dwe ranpli youn nan fòm Prèv Reklamasyon ki tache yo epi ou dwe retounen li bay Reseptè yo.

Yo ta dwe voye fòm reklamasyon yo ranpli pa imèl nan adrès ki endike anba fòm Prèv Reklamasyon an oswa yo ka voye yo pa lapòs regilye oswa livrezon lannwit lan nan adrès ki nan lis anba fòm Prèv Reklamasyon an. Pou envestisè ak kreditè sa yo ki retounen fòm Prèv Reklamasyon an pa imèl (ki se metòd la pi pito), w ap resevwa yon rekonesans otomatik nan resi a nan fòm prèv ou nan reklamasyon yo, ke w ta dwe kenbe pou dosye w. Tanpri retounen fòm Prèv Reklamasyon ki ranpli osi vit ke ou kapab.

Si w gen nenpòt kesyon konsènan fason pou w ranpli fòm Prèv Reklamasyon ki atache a, ou ka voye kesyon an pa imèl bay anplwaye Receiver yo nan rblreceiver@trippscott.com. Tanpri pa voye fòm prèv reklamasyon ou ranpli a nan adrès imel sa a, paske tout fòm prèv reklamasyon ranpli yo ta dwe voye nan adrès imel ki anba fòm prèv reklamasyon an.

Tanpri konprann ke sa pral pase anpil mwa anvan Reseptè yo nan pozisyon pou yo gen ase lajan pou fè yon distribisyon bay envestisè ak kreditè. Reseptè yo ap travay osi vit ke yo kapab pou kolekte otan lajan ke yo kapab akimile pi gwo fon posib pou kòmanse ranbouse dèt yo bay envestisè yo ak kreditè yo.

Klike la a pou wè fòm lan an kreyòl

Click here to access the English form

IMPORTANT INFORMATION ABOUT 1099 TAX FORMS FOR INVESTORS FOR 2023 FOR ROYAL BENGAL LOGISTICS, INC. (RBL)

Paul Lopez and Jennifer Wahba as Receivers for RBL wish to advise all RBL investors, lenders and creditors that the Receivers will be unable to send 1099 tax forms representing the interest paid to investors, lenders and creditors during 2023 by the deadline of January 31, 2023 as required by the Internal Revenue Service.

As the Receivers have reported in their quarterly reports filed with the Federal Court, beginning on February 1, 2023 until the appointment of the Receivers on June 21, 2023, RBL did not enter financial transactions into the computerized books and records of RBL, so, at this time, it is impossible for the Receivers to submit 1099 forms that accurately show the total amount of interest paid to investors, lenders and creditors in 2023. The Receivers' forensic accountants are working to analyze bank records and other information in order to be able to determine the extent of interest paid, and when that occurs, the Receivers hope to be able to send out the 1099 forms.

Here is a link to a letter that was written to the Internal Revenue Service by the Receivers indicating that the 1099 forms would not be sent by the deadline, and the reasons therefor. If and when the Receivers are able to provide an update on this matter, the update will be posted on this website.

If you or someone assisting you with the filing of your income tax forms has any general question about this update, please send an email to the Receivers at rblreceiver@trippscott.com. Please be advised that the Receivers cannot give you legal advice or tax advice on this matter, and they will answer only general questions about this update or the letter sent to the IRS.

AN IMPORTANT NOTICE TO ALL INVESTORS AND CREDITORS OF ROYAL BENGAL LOGISTICS, INC. (RBL)

In accordance with the requirements of the Order of the United States District Court for the Southern District of Florida appointing Paul Lopez and Jennifer Wahba as Receivers for Royal Bengal Logistics, Inc. (RBL), on January 8, 2024, the Receivers have filed with the Court their quarterly status report for the period from October 1, 2023 through December 31, 2023. A link to that report is available here.

The Receivers are working as hard as they can in order to collect sufficient monies in order to be able to make an anticipated initial distribution to creditors and investors before the end of 2024. The Receivers are aware of the distress and hardship that have been imposed on many of the investors and creditors, so they will do all that they can to work towards a prompt initial partial distribution of funds.

As in the past, if you have any questions, please send an email to the Receivers at rblreceiver@trippscott.com. Please also continue to check this website for updates from the Receivers.

An akò ak kondisyon yo nan Òdonans Tribinal Distrik Etazini pou Distri Sid Florid ki te nonmen Paul Lopez ak Jennifer Wahba kòm Reseptè pou Royal Bengal Logistics, Inc. (RBL), nan dat 8 Janvye 2024, Reseptè yo te depoze ak Tribinal la rapò sou sitiyasyon chak trimès yo pou peryòd ki te kòmanse 1 Oktòb 2023 jiska 31 Desanm 2023. Yon lyen ki mennen nan rapò sa a anba a.

Reseptè yo ap travay otank yo kapab pou yo ka kolekte ase lajan pou kapab fè yon distribisyon inisyal antisipe bay kreditè yo ak envestisè yo anvan fen 2024. Reseptè yo okouran de detrès yo ak difikilte ki te enpoze sou anpil nan envestisè yo ak kreditè, se konsa ke yo pral fè tout sa yo kapab pou travay nan direksyon pou yon distribisyon inisyal pasyèl nan lajan.

Tankou anvan, si w gen nenpòt kesyon, tanpri voye yon imèl bay Reseptè yo nan rblreceiver@trippscott.com. Tanpri kontinye tcheke sit la pou nouvo enfòmasyon ki soti nan Reseptè yo.

AN IMPORTANT NOTICE TO ALL INVESTORS AND CREDITORS OF ROYAL BENGAL LOGISTICS, INC. (RBL)

Paul Lopez and Jennifer Wahba as the court-appointed Receivers for RBL wish to advise all investors, creditors and interested parties that effective as of November 30, 2023, the Receivers will no longer be utilizing and occupying the former RBL offices located in Coral Springs, Florida. If you go to the Coral Springs office, no one will be able to help you there.

As a result, the Receivers request that all communications be sent by either email or regular mail.

To reach the Receivers by email, please use the email address rblreceiver@trippscott.com.

To reach the Receivers by US Postal Service mail, please address the communication as follows:

Paul Lopez and Jennifer Wahba, Receivers
Tripp Scott PA
110 SE 6th Street - 15th floor
Fort Lauderdale, FL 33301

AN IMPORTANT NOTICE TO ALL INVESTORS AND CREDITORS OF ROYAL BENGAL LOGISTICS, INC. (RBL)

Paul Lopez and Jennifer Wahba as Receivers for RBL have reminded all investors who own vehicles that have not been retrieved from the RBL facilities that starting on December 1, 2023, the Receivers will be required to impose daily storage fees and charges for those vehicles.

This notice is being provided to all investors and creditors of RBL and is important information for those that have an ownership interest in a truck or trailer currently stored at the RBL facilities in Fort Pierce, Florida, or Lubbock, Texas. In accordance with section 713.78 of the Florida Statutes as it applies to the Fort Pierce storage facility and section 754.245 of the Texas Statutes as it pertains to the Lubbock storage facility, BEGINNING ON DECEMBER 1, 2023, FOR ALL VEHICLES THAT HAVE NOT BEEN RETRIEVED BY THAT DATE, A STORAGE CHARGE OF $20 PER DAY FOR ALL VEHICLES UP TO 20 FEET IN LENGTH AND A STORAGE CHARGE OF $35 PER DAY FOR ALL VEHICLES IN EXCESS OF 20 FEET IN LENGTH WILL BE CHARGED.

Additionally, beginning on December 1, 2023, for those vehicles that have not been picked up by the owners, upon receipt of appropriate documents and agreements, the Receivers will surrender the remaining vehicles to those finance companies that have liens on the vehicles.

Many of the RBL investors have advised the Receivers that they are unable to pick up the vehicles that they own. Therefore, it may be beneficial to these owners to allow the finance companies that have liens on the vehicles to pick them up and to sell them. As a result, the Receivers are asking all of the investors who have not picked up their vehicles and do not intend to do so by November 30, 2023 to please respond with an email to rblrecovery@trippscott.com advising the Receivers of the name, phone number or email address, and physical address listed on a billing statement for the lenders that have liens on their vehicle. This will help the Receivers to communicate with the lenders in order to have the vehicles picked up in a timely manner.

If RBL investors decide to allow the finance companies that have liens on their vehicles to pick up the vehicles, then the investors may have legal responsibility for any shortfalls when the vehicles are sold by the lenders. As such, the RBL investors may wish to consult with a lawyer in order to learn of their rights, remedies and responsibilities in order to properly protect themselves. Unfortunately, the Receivers are not in a position to provide legal advice to the investors.

As always, the Receivers will respond to emailed questions at “rblreceiver@trippscott.com”

AN IMPORTANT NOTICE TO ALL INVESTORS AND CREDITORS OF ROYAL BENGAL LOGISTICS, INC. (RBL)

Paul Lopez and Jennifer Wahba as Receivers for RBL want to remind all investors who own vehicles that have not been retrieved from the RBL facilities that starting on December 1, 2023, the Receivers will be required to impose daily storage fees and charges for those vehicles. Additionally, beginning on December 1, 2023, for those vehicles that have not been picked up by the owners, upon receipt of appropriate documents and agreements, the Receivers will surrender the remaining vehicles to those finance companies that have liens on the vehicles.

As always, the Receivers will respond to emailed questions at “rblreceiver@trippscott.com”

IMPORTANT NOTICE TO INVESTORS WHO HAVE NOT RETRIEVED VEHICLES

As a result of changing market conditions and the position taken by lenders to the RBL investors, the Receivers have made the decision to cancel the auction sale for those investors who chose to have their vehicle sold on their behalf by the Receivers. After consulting with the Receivers' auctioneer, the Receivers concluded that it would be difficult, if not impossible, to sell the vehicles and extinguish the existing liens on the vehicles for two reasons. First, virtually all of the vehicles that were leased to RBL by the investors that are subject to existing financing liens have a value that is less than the lien payoff balance. This means that it will be very difficult to find buyers through an auction willing to pay the unreasonably high payoff amounts set by the lenders. Thus, the Receivers will not be able to give a purchaser at auction clear title, requiring the cancellation of the auction process. Second, the used tractor trailer market will soon be flooded with vehicles being sold from the Yellow Transportation bankruptcy case, another case involving the sale of tractors, which will drive down the value of the RBL-auctioned trucks and trailers.

As a result of the cancellation of the auction and some logistical difficulties encountered by investors in retrieving vehicles, the Receivers have made the decision to re-open the pickup calendar through November 30, 2023. Because the Receivers will be required to vacate the storage lots where the vehicles are being stored, all investors must retrieve their vehicles prior to November 30, 2023. The retrieval process will remain the same, and investors need to obtain a Release Certificate from the Receivers in order to be able to schedule a time for the pickup of their vehicles. The instructions for retrieving vehicles can be found at the bottom of this website under the July 27, 2023 update. Once the required documents have been provided to the Receivers as per the instructions on the website, investors will be provided with a Release Certificate, a Lease Termination Agreement and an online calendar link to schedule an appointment for retrieval of the vehicle. Please note that vehicles can only be picked up on Tuesdays, Thursdays, Saturdays and Sundays.

For those investors who wish to surrender their vehicles to their lenders in order to have the lenders retrieve the vehicles, the investors and lenders will need to provide the Receivers with a written consent by the investors in order for the vehicles to be surrendered to the lenders' representatives.

PLEASE NOTE: BEGINNING ON DECEMBER 1, 2023, ANY VEHICLE THAT HAS NOT BEEN PICKED UP BY AN INVESTOR OR LENDER WILL BE DEEMED TO BE ABANDONED, AND A STORAGE CHARGE OF $30 PER DAY WILL BE IMPOSED AS AGAINST EACH REMAINING VEHICLE. IT IS, THEREFORE, VERY IMPORTANT TO SCHEDULE THE PICK UP OF YOUR TRUCK OR TRAILER BEFORE NOVEMBER 30, 2023.

If you have any questions concerning the pickup of a vehicle, please send an email to rblrecovery@trippscott.com.

TO ALL INVESTORS AND CREDITORS OF RBL: CLAIM FILING FORM INFORMATION AND LINK TO FORMS
UPDATE AS OF SEPTEMBER 26, 2023

If you are an investor in RBL or if RBL owes you money for any reason, please print the appropriate attached form and complete it by filling in all of the information that is requested. It is very important that each of the questions be answered as completely as possible so that the Receivers will be able to evaluate your claim when it is time to make a distribution of funds. If you do not submit this Proof of Claim form, you may not be able to receive a distribution in payment of your investment or debt.

Many of you have already completed a form that was requested by the FBI at the beginning of the case, which has been linked on the Receivers' website. Even if you completed the form for the FBI, you must also complete one of the attached Proof of Claim forms and have it returned to the Receivers.

Click here to access the English form

Click here to access the Haitian form

ROYAL BENGAL LOGISTICS, INC. (RBL)
PAUL LOPEZ AK JENNIFER WAHBA, RESEVWA

POU TOUT ENVESTISÈ AK KREDITÈ RBL: ENFÒMASYON POU FÒM REKLAMASYON AK LINK AK FÒM

Si ou se yon envestisè nan RBL oswa si RBL dwe ou lajan pou nenpòt ki rezon, tanpri enprime fòm apwopriye ki tache a epi ranpli li lè w ranpli tout enfòmasyon yo mande yo. Li enpòtan anpil pou yo reponn chak kesyon yo konplètman ke posib yon fason pou Reseptè yo kapab evalye reklamasyon w la lè li lè pou yo fè yon distribisyon lajan. Si ou pa soumèt fòm Prèv Reklamasyon sa a, ou ka pa anmezi pou resevwa yon distribisyon pou peye envestisman ou oswa dèt ou.

Anpil nan nou te deja ranpli yon fòm ke FBI te mande nan kòmansman dosye a, ki te lyen sou sit entènèt Receivers yo. Menmsi ou te ranpli fòm pou FBI a, ou dwe ranpli youn nan fòm Prèv Reklamasyon ki tache yo epi ou dwe retounen li bay Reseptè yo.

Klike la a pou wè fòm lan an kreyòl

Click here to access the English form

Paul Lopez and Jennifer Wahba, as Receivers for Royal Bengal Logistics, Inc. (RBL), are providing this update to the investors and creditors of RBL. The Receivers and their legal counsel have been the recipients of written and verbal questions concerning the status and the administration of the Receivership estate from investors and creditors, and in order to respond to these questions so that everyone interested in the Receivership estate receives the same information at the same time, this status report will be in a question-and-answer format to answer as many of the questions as can be answered at this time. The Receivers encourage RBL’s investors and creditors to receive information directly from the Receivers through this web site and email communications from the Receivers to ensure that the information provided is accurate.

Some of the questions presented to the Receivers deal with ongoing investigations with respect to the acts and conduct of former management of RBL as well as asset transfers that were made prior to the order appointing the Receivers. Because of the sensitivity of those investigations, at this time, it would be inappropriate for the Receivers to provide confidential information concerning the status of those investigations. As soon as investigations have been completed, the Receivers will update all investors and creditors.

Q : Prior to the appointment of the Receivers, it was learned that RBL had transferred $2,100,000 to a third party in order to purchase a vacant parcel of land in Broward County, Florida. What have the Receivers done in connection with this transaction?

A : Immediately after the appointment of the Receivers, through legal counsel, the Receivers filed a complaint in the Circuit Court for Broward County, Florida, seeking the turnover of the property and placing a restriction on the transfer of the property while the litigation was pending. As a result of negotiations with the attorney for the purchaser of the vacant parcel of land that received the $2,100,000 transfer, that individual has already signed a deed back to the Receivership estate. The deed will be recorded shortly in the public records once certain platting modifications have been recorded. Once the deed has been recorded back to the Receivership estate, the Receivers will review the best way to market and sell the property for the highest price possible.

Q : The Receivers had previously reported transfers of bonuses to individuals formerly employed by RBL, which bonuses may have been based upon commissions for promoting and selling investments and loans in RBL. What have the Receivers done to recover these funds?

A : The Receivers have filed legal actions against both of the individuals that were the recipients of the large amounts of the bonuses. One of the individuals used all or part of the bonus payments as part of the purchase price of an expensive home. Although the attorney for that individual offered to have the home deeded to the Receivers, that proposal was rejected due to the fact that the home is subject to a substantial mortgage, which would have to be serviced by the Receivership estate, as well as the Receivers becoming responsible for insurance and taxes on a vacant home. These expenses would all be paid out of the pool of money that would otherwise be available to be distributed to the investors at the appropriate time. The Receivers are negotiating with the attorney for both of the recipients of the bonuses in order to recover the amounts transferred. If the settlement negotiations are unsuccessful, the Receivers will proceed with the litigation that has already been filed in order to obtain judgments for the full amount of funds transferred to these individuals.

Q : In the Receivers' interim status report, they reported transfers of funds from RBL to insiders of RBL, affiliates of RBL and third parties in some way connected with the management of RBL. What have the Receivers done in order to recover these funds?

A : In conjunction with the forensic accountants employed by the Receivers, the court-appointed legal counsel for the Receivers has issued more than 20 subpoenas to banks and financial institutions in order to obtain copies of banking records for RBL. The issuance of the subpoenas had become necessary because the Receivers determined that management of RBL discontinued making entries in the financial books and records of RBL as of February 1, 2023, which made it virtually impossible for the Receivers to trace funds in and out of RBL accounts using books and records of RBL. The Receivers, their legal counsel and their forensic accountants are currently working to analyze and review the bank account records showing the hundreds of transfers made by RBL that may be "suspicious" or inappropriate in order to determine what actions need to be taken to recover improperly transferred monies from RBL.

Q : In the Receivers' interim status report, it was mentioned that transfers had been made from RBL bank accounts to an affiliated entity North America Aerospace, LLC (NAA), which is owned by Sanjay Singh. What have the Receivers done in connection with those transfers?

A : As a result of the investigation conducted by the Receivers, their legal counsel and their forensic accountants, on September 8, 2023, the Receivers filed a motion in the Federal Court to have them also appointed as Receivers for NAA. On Monday, September 12, 2023, an Order was entered by the United States District Court for the Southern District of Florida granting the motion, and the RBL Receivers were also appointed as Receivers for NAA. The Receivers are currently in the process of gathering information as to the assets, liabilities and business activities of NAA so that they will be able to recover the maximum possible for the benefit of the investors and creditors of RBL. The Receivers will be taking ownership of any bank accounts in NAA’s name, and Mr. Singh will not have any ownership or control over NAA.

Q : In the Receivers' interim status report they mentioned the purchase of two residential properties in the Lubbock, Texas, area by RBL. What have the Receivers done in order to deal with those properties?

A : The Receivers obtained an order from the US District Court authorizing them to sell the approximately 40-acre ranch and home and a separate smaller home owned by RBL in Texas by way of an auction sale. During the week of September 5, 2023, the auction sale was held, and the larger property received a winning bid of $925,000 and the smaller property received a winning bid of $200,000. Additionally, all of the furniture was purchased at auction for $2,500. The Receivers and their auctioneer are in the process of completing the documentation in order to close on the transaction to sell these properties and to receive the proceeds of the sale into the Receivership estate.

Q : RBL had maintained a business operation and garage in Lubbock, Texas, where assets of RBL were located. What are the Receivers doing in connection with this property and the assets located there?

A : The Receivers are continuing to utilize the leased premises in Lubbock, Texas, which is a hangar and storage lot on a former U.S. Air Force Base in order to release vehicles that belong to investors and to wind down the business operations of RBL that were conducted at this location. Once the Receivers no longer need to utilize the leased property in Lubbock, they will arrange to sell all remaining assets, including any gas tanks, tools, or RBL-owned trucks, and surrender the premises back to the landlord. It is estimated that this can be accomplished within the next 60 days. Any personal property belonging to RBL in Lubbock will be sold for the Receivership estate’s benefit so that funds can be available to be distributed to investors and creditors.

Q : What happened to the accounts receivable for the trucking operation at the time that the Receivers were appointed? Were any of these monies collected?

A : Following their appointment, in reviewing the books and records of RBL, it was found that management of RBL had factored all accounts receivable from the trucking operation to a lender. A factoring agreement means that RBL sold its accounts receivable upon their creation to this lender for a discounted amount, with the lender then taking the responsibility and the risk of collecting the accounts receivable. Because all of RBL's trucking operations accounts receivables were factored, there were no accounts receivable due and owing to RBL at the time the Receivers were appointed.

Q : What else are the Receivers doing in order to recover funds to be paid back to the investors and creditors?

A : The Receivers have reviewed transactions with professionals that had been employed by RBL in order to determine if their professional representation of RBL was appropriate. The Receivers have given notice to some of these professionals that there is reason to believe that their representation of RBL was negligent and contributed to the continued operation of a Ponzi scheme by RBL. The Receivers are further investigating what actions should be taken against these professionals in order to recover appropriate funds for the Receivership estate. The Receivers are also evaluating whether viable claims can be pursued against financial institutions for aiding and abetting prior management with the misuse of investors' funds.

Q : What happened to the millions of dollars in RBL’s bank accounts or the “backup account” to pay investors?

A : The Receivers took control and ownership of all known bank accounts in RBL’s name. All RBL’s accounts were frozen until the Receivers took control of the accounts. However, the amount of money in those accounts is not as high as the investors appear to think.

Q : What happened to the money diverted to Cingar Transports?

A : The Receivers do not have enough evidence at this time to conclude that Cingar Transports, LLC was owned and controlled by RBL or Mr. Singh. The Receivers are in contact with the owner of Cingar, as well as his attorney, and are further investigating any transfers from RBL to Cingar.

Q : What happened to Mr. Singh’s house?

A : The Receivers do not have any control over Mr. Singh’s personal home where he lives.

RECEIVERS FOR ROYAL BENGAL LOGISTICS, INC. (RBL)
UPDATE AS OF AUGUST 31, 2023

RBL investors and creditors have contacted the Receivers and the Receivers' attorneys seeking information as to how the repayment process will be handled, and how long it will take for repayment to be made. The Receivers appreciate and understand the questions being asked in this regard and, as such, wanted to provide the following update to investors and creditors.

All investors and creditors, whether or not those investors received interests in trucks, including those investors who made short-term loans and longer loans, will soon be asked to complete a proof of claim form that will be completed by the investors and creditors and then sent to the Receivers. On this form, investors and creditors will be asked to provide their contact information, the type of investment or loan that they made, whether or not they received an interest in a truck, the amount of their loan or loans, and other information that will help the Receivers in reviewing and analyzing these claims. The investors and creditors must certify that they are telling the truth on these forms. Even if investors have already sent emails containing investment information and submitted their agreements to the Receivers, the investors will still need to fill out this proof of claim form online.

Once all investors and creditors have had the opportunity to submit the proof of claim forms, the Receivers will begin the process of evaluating the claims, and will communicate with those investors and creditors where the information provided is not complete, or if Receivers have additional questions.

The Receivers hope to be able to have the claims filing process in place and the proof of claims forms available by the end of September 2023, if not sooner. Investors and creditors will be notified by email when the proof of claim form is available, and detailed instructions for the completion of the claims form will be provided. At the same time, a copy of the proof of claim form and the instructions will be posted on this website.

Following that, all investors and creditors will be notified as to the procedures that will be adopted for distributions and repayments to investors and creditors. At this time, it is too early for the Receivers to be able to estimate or predict when any initial distribution to investors and creditors can be made. The Receivers are working diligently to recover assets and monies in order to make the largest distribution to investors and creditors as possible.

Please continue to regularly review this website for further updates from the Receivers.

ANNOUNCE THE AUCTION SALE OF RESIDENTIAL PROPERTIES IN TEXAS
UPDATE AS OF AUGUST 28, 2023

Shortly after their appointment as the RBL Receivers, as part of their investigation Paul Lopez and Jennifer Wahba found that prior to the appointment of the Receivers, RBL had purchased two residential properties in the Lubbock, Texas area, one of which included approximately 40 acres of ranch land. Since the Receivers were unable to find a legitimate business purpose for continuing to own and maintain the Texas residential properties, they determined that a prompt sale of the properties would produce funds to be utilized by the Receivership estate.

The Receivers then investigated the various methods of selling these properties in today's real estate market, and after consulting with various professionals, determined that utilizing an auction service with a nationwide reach would be the way to obtain the highest and best price for the sale of these properties. The Receivers then filed a Motion with the Federal Court, the federal judge presiding over the Receivership entered an Order was entered authorizing the Receivers to sell the two properties at auction sale.

For the benefit of all investors, creditors and those interested in the RBL Receivership estate, the Receivers are attaching copies of the auction brochures for the sale of the two properties (property link 1, property link 2). As soon as the auction sales have been completed, the Receivers will update this website with the results of the auction sales.

In order to provide all investors and creditors of RBL with an update and additional information concerning the status of the RBL Receivership proceeding, the Receivers are using this website update in order to attach links to several filed court papers that will provide more background concerning the efforts taken by the Receivers to gather the assets in order for ultimate distribution to the investors and creditors. Each of the links below will provide this additional background and information.

On June 21, 2023, the Securities and Exchange Commission (SEC) filed a Complaint against RBL and Sanjay Singh that was the basis for the appointment of the Receivers for RBL. The Complaint sets forth the factual and legal basis for the justification by the Judge of the US District Court to freeze all of the RBL assets, to issue an injunction directed to RBL and Mr. Singh, which then led to the appointment of the Receivers. Here is the link to a copy of the Complaint.

Upon their appointment as Receivers and after they began their investigation as to the pre-receivership business activities of RBL, the Receivers and their legal counsel determined that RBL had transferred $2,100,000 to a friend or insider of RBL, and that money was used to purchase a vacant parcel of commercial property in Broward County, Florida. The Receivers filed an immediate Complaint in a different court to require the individual to transfer the real estate back to the RBL Receivership estate, where it can be sold and the proceeds used to pay investors and creditors. As of this time, the Receivers believe that the property will be transferred back to the RBL Receivership estate in the very near future. Here is a link to a copy of the complaint against the recipients of the $2,100,000.

The Receivers also examined the RBL payroll records and bank account records in order to determine if any illegal or improper payments were made to employees or insiders of RBL outside of the ordinary course of business. The Receivers were able to determine that a series of "bonuses" were paid to an individual employed by RBL more than $500,000, apparently to compensate him or provide him benefit for procuring loans from investors who are now the victims of the RBL enterprise. The Receivers have filed a Complaint in another court to not only recover the payments that were made to this individual, but also to put a lien on the home that this individual and his wife purchased with the proceeds of the payments. Here is a link to a copy of the Complaint against the recipient and his wife.

The Receivers and their legal counsel are continuing their investigation as to other transfers that were made to former employees and insiders of RBL, and actions will be filed in courts in order to recover any improperly transferred funds or assets. In order to provide all of the investors and creditors with an understanding and summary of what the Receivers have done and the current status of the case, a copy of the preliminary status report filed with the Court is attached to this summary. Please click on the link to the attachment in order to review what was filed with the Court. This will provide everyone with a more complete understanding of the current status of the receivership and RBL.

On August 10, 2023, Paul Lopez and Jennifer Wahba as Receivers for RBL filed a preliminary status report as to the receivership operations with the United States District Court for the Southern District of Florida.

Receivers for Royal Bengal Logistics, Inc. (RBL) notice to investor/owners of vehicles of an opportunity to have vehicles sold at no cost to the investors/owners

Paul Lopez and Jennifer Wahba as the Receivers for RBL have received communications from a number of investor/owners of vehicles indicating that the investor/owners do not desire to take possession of the vehicles that have been placed in their name or the name of the entity created on their behalf by RBL, but, instead, those investor/owners would prefer to have their vehicle sold in a commercially reasonable manner in order to obtain the highest price for them.

To accommodate these requests, the Receivers have developed a procedure whereby vehicle owners entitled to receive the surrender of their vehicles by RBL can elect to allow the Receivers to utilize a commercial vehicle auction service in order to sell their vehicles and obtain the highest price possible.

If a vehicle owner does not have a lien on the vehicle, then the proceeds of the sale, without any sales commission or fee paid to the auctioneer, will be paid to the owner of the vehicle. If the vehicle to be sold has a lien on it, the owner can work with the lender (with the assistance of the Receivers if needed) in order to allow the vehicle to be sold so that the lien can be fully or partially satisfied which will eliminate additional financial responsibility being placed on the vehicle owner for insurance, maintenance, and continued loan payments as well as other fees and expenses.

If as an investor/owner of the vehicle you are interested in learning more about having the Receivers sell your vehicle rather than having to take possession of it, please send an email to the Receivers at rblrecovery@trippscott.com and place in the reference line the word “AUCTION.” Once the owner's email is reviewed by the Receivers, further information will be sent to you as to the procedures to follow in order to utilize this method of selling your vehicle in a commercially reasonable manner in order to obtain what should be the highest price possible.

If you have any questions, please contact Charles Tatelbaum, the attorney for the Receivers, at cmt@trippscott.com.

Paul Lopez and Jennifer Wahba as Receivers for Royal Bengal Logistics, Inc (RBL) are posting this status update as of July 27, 2023 in order to keep investors and creditors of RBL up-to-date on recent developments.

As previously reported, the Receivers have received court authorization to start the process of surrendering vehicles to owners of the vehicles. To that end, the Receivers posted the procedures for the surrender of vehicles to this website, and many owners have uploaded the required documentation and information to the designated email address in order to begin the process of having their vehicles released. On July 27, 2023, the initial group of vehicles started to be released to owners that have provided the appropriate and complete documentation. Vehicle releases will continue on schedule in the order in which the required documentation is provided to the Receivers. This process may take several weeks.

PLEASE NOTE: IN ORDER TO HELP THOSE INVESTORS THAT ARE UNABLE TO PICK UP VEHICLES ON WEEKDAYS, THE RECEIVERS ARE NOW ACCEPTING RESERVATIONS FOR VEHICLE PICKUP ON SATURDAY AND SUNDAY.

When the complete documents have been provided to the Receivers and the Release Certificate is issued, investors will be given a link to a calendar scheduling system so that appointments can be made for weekdays or weekends.

THE OPPORTUNITY TO PICK UP VEHICLES WILL BE AVAILABLE ONLY FOR A LIMITED PERIOD OF TIME. IT IS IMPORTANT THAT ALL INVESTORS WHO DESIRE TO PICK UP VEHICLES COMPLETE THE PROCESS TO OBTAIN A RELEASE CERTIFICATE AND SCHEDULE AN APPOINTMENT PROMPTLY. VEHICLES THAT ARE NOT PICKED UP BEFORE THE END OF THE OPPORTUNITY TO DO SO WILL BE CONSIDERED ABANDONED.

The Receivers are taking appropriate actions in order to recover assets that belong to RBL or which were transferred by RBL where the Receivers believe that the transfers were inappropriate and can be recovered by the Receivers. All of these steps are being taken so as to be able to accumulate funds for ultimate distribution to investors and creditors.

The Receivers are unable to predict or estimate as to when any distributions can be made to investors and creditors. It will take the Receivers time to analyze all of the claims that can be asserted in order to maximize the recovery for investors and creditors while the Receivers are carrying out their required obligations and duties. Additionally, the Receivers will need to analyze the various types of claims that will be asserted against the funds collected in order to then obtain court approval for how the claims are to be categorized, and in which order of priority the claims are to be paid. While investors and creditors understandably desire to have a distribution made as soon as possible, the Receivers will be required to take the appropriate steps to maximize all distributions and to determine classification and priority of distributions before any funds may be sent to investors and creditors. While the Receivers understand the investors and creditors are anxious about the timing of all of this, the Receivers must follow appropriate procedures pursuant to Florida and federal law to ensure a maximum and fair recovery for all investors and creditors.

This website will be updated on a regular basis by the Receivers in order to provide investors and creditors up-to-date information concerning the status of the Receivership proceedings.

On June 21, 2023, Judge Raag Singhal of the United States District Court for the Southern District of Florida (the Federal Court) entered an Order appointing Paul Lopez and Jennifer Wahba as Receivers for Royal Bengal Logistics, Inc. (RBL). The Receivers are using this website to provide investors, creditors, customers and those interested in RBL with updated information when it becomes available.

The Receivers’ initial responsibility is to work with their court appointed accounting professionals in order to determine the viability of RBL continuing as a going concern. Given the many facets of RBL’s business and financial activities, making this determination is complex, and the Receivers must take the time needed in order to gain the data and information necessary to make appropriate decisions.

On Wednesday, June 5, 2023, the Receivers filed a Motion in the Federal Court seeking the Court’s permission and authority for the Receivers to surrender the investors’/owners’ vehicles back to them upon proof of ownership. The Federal Court will consider the Motion and consider any responses or any opposition that is filed to the Motion. Assuming the Federal Judge does enter the Order authorizing the Receivers to surrender the vehicles to the investor/owners, through this website and through an email blast, the Receivers will notify the investors/owners of the procedure to be created for the orderly surrender of the vehicles. The Receivers will do everything they can in order to expedite the surrender once the court Order has been entered authorizing them to do so.

On July 6, 2023, the United States District Judge administering the RBL case entered an Order approving the Receivers’ request to be able to surrender the vehicles to the title owners. The Receivers have established procedures for the surrender of the vehicles to the owners. Those procedures are copied below. PLEASE READ THE PROCEDURES CAREFULLY, AS ALL PROCEDURES MUST BE FOLLOWED FOR THE RELEASE OF A VEHICLE.

PROCEDURES FOR THE SURRENDER OF RBL VEHICLES TO TITLE OWNERS

In order to carry out their responsibilities in accordance with the order of the United States District Court for the Southern District of Florida appointing Paul Lopez and Jennifer Wahba as Receivers for RBL, the following procedures have been established and will be used in order to surrender and deliver vehicles to the title owners of vehicles leased to RBL.

1. In order to retrieve a vehicle in the possession of the Receivers, an owner must first obtain a Release Certificate from the Receivers. The title owner or the authorized representative of the owner of the vehicle must provide all of the following as proof of ownership before a Release Certificate will be issued by the Receivers for a vehicle to be surrendered: The following MUST be included as attachments to an owner’s request for a Release Certificate:

a. The current valid motor vehicle registration form for the vehicle which indicates the owner’s name and the VIN for the vehicle. Alternatively, a copy of the title to the vehicle may be presented.

b. A copy of the driver’s license for the owner or authorized representative seeking to take possession of the vehicle.

c. If the title to the vehicle is in an individual’s name, then a copy of the driver’s license for the individual owner must be presented.

d. If the title to the vehicle or the registration for the vehicle is in the name of a corporation or limited liability company, the owner or authorized representative seeking to obtain a Release Certificate will need to provide proof of the authority to act for the title owner.

i. A copy of a form from the Secretary of State of the state where the corporation or limited liability company has been established showing that the person seeking to retrieve the vehicle is the shareholder, director, officer or member of the corporation or limited liability company that owns the vehicle; or

ii. A copy of the promissory note or investment agreement with RBL where the individual signing that agreement or note is the same individual seeking to retrieve the vehicle; or

iii. A copy of a notarized corporate resolution by the entity owning the vehicle authorizing the specific individual to pick up the vehicle.

Once all of the documents are ready for attachment to an email, the request for a Release Certificate must be sent to “rblrecovery@trippscott.com” email address. This is a NEW email address that has been created. Please do not send emails to the other Receiver email address.

Once the Receivers have had an opportunity to review the request for the Release Certificate, and if all of the attachments to the request contain the required documents listed above, the Receivers will send an email to the vehicle title owner or authorized representative containing a Release Certificate.

2. So that the pickup and delivery of the vehicles and the surrender to the title owners can be carried out in an orderly manner, once a Release Certificate has been issued to the title owner by the Receivers, all title owners will then be required to schedule an appointment to pick up their vehicles. At the time that the Release Certificate is issued, owners will be provided with a link to a website in order to schedule an appointment for the retrieval of the vehicle. At the same time, the Receivers will advise the owners as to the location where the vehicle is being stored. Vehicles may only be picked up at the time and location after scheduling an appointment as listed above. No vehicles will be surrendered outside of a scheduled appointment.

3. Once an appointment has been scheduled as above, an authorized representative and an appropriately licensed driver may visit the location where the vehicle is stored in order to retrieve the vehicle. A copy of the Release Certificate MUST be presented at the time of the pickup of the vehicle. Vehicles will not be released without this Release Certificate.

4. Please be advised that any individual seeking to operate a vehicle that is released must have the appropriate CDL operator’s license in order to do so. No vehicle will be released to anyone who does not have the appropriate and necessary license.

5. If a title owner desires to use a towing company or other vehicle transportation company to retrieve the vehicle, a copy of the Release Certificate for the vehicle must be presented at the time of the appointment in order for the vehicle to be released to a third party.

Regarding the particular investors who invested in RBL for the purpose of acquiring a truck but did not receive one, the Receivers are continuing to work with the Federal authorities and the Court appointed forensic accountants to develop a plan to address potential recoveries for any such investors. As stated before, the finances of RBL are complicated, and it will take some time to investigate the financial status of RBL and to determine the feasibility of returning funds to all investors.

Investors and creditors, as well as those interested in RBL can be comfortable in the fact that the Receivership is under the auspices, jurisdiction and control of the Federal Court, and a Federal Judge will be overseeing and approving all significant operational decisions involving RBL.

The Receivers will update this website as frequently as possible in order to provide updated information when it becomes available.

If you invested in RBL, are owed money by RBL, or have had interactions with anyone at RBL about a potential investment, please click a button below:

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RBL Receivers

ROYAL BENGAL LOGISTICS, INC. (RBL)
PAUL LOPEZ AND JENNIFER WAHBA RECEIVERS

PAUL LOPEZ AK JENIFER WAHBA RESEPTÈ ROYAL BENGAL LOGISTICS, INC. (RBL)

TRIPP SCOTT FT. LAUDERDALE

TRIPP SCOTT TALLAHASSEE

RBL Receivers

ROYAL BENGAL LOGISTICS, INC. (RBL)PAUL LOPEZ AND JENNIFER WAHBA RECEIVERS

PAUL LOPEZ AK JENIFER WAHBA RESEPTÈ ROYAL BENGAL LOGISTICS, INC. (RBL)

TRIPP SCOTT FT. LAUDERDALE

TRIPP SCOTT TALLAHASSEE

ROYAL BENGAL LOGISTICS, INC. (RBL)
PAUL LOPEZ AND JENNIFER WAHBA RECEIVERS