A federal grand jury in Tampa indicted Kristopher Lunsford, 46, on several fraud and money laundering allegations stemming from an alleged $105 million investment scheme, federal officials said.
Lunsford, a Henderson, Nevada, resident who previously lived in Georgia, is charged with six counts of wire fraud and two counts of money laundering, according to U.S. Attorney Gregory W. Kehoe. If convicted of all counts, Lunsford could face up to 20 years in federal prison for each wire fraud offense and up to 10 years for each money laundering count. Prosecutors are also seeking a forfeiture order for $105,940,214.93, which represents the alleged revenues of the scheme.
Federal prosecutors claim that between December 2023 and May 2025, Lunsford and others convinced hundreds of people to purchase leases in a semi-truck business. Investors were informed that Lunsford would supervise the trucks’ acquisition, staffing, insurance, and daily operation, allowing them to earn passive income without doing any labor.
Victims often paid between $25,000 and $40,000 each truck, with guaranties of $1,000 to $1,250 per week.
According to the indictment, instead of making profits through normal freight operations, Lunsford operated the business fraudulently. Lunsford is accused of using approximately $75 million from younger investors to pay off earlier participants out of the more than $105 million raised.
According to court filings, Lunsford used more than $25 million for personal expenses, including real estate, sports cars, jewelry, designer items, private jet charters, resorts, casinos, and nightclubs. Only roughly $2 million went toward actual business operations and equipment.
The Federal Bureau of inquiry conducted the inquiry. Assistant United States Attorney Ross Roberts is prosecuting the case, while Assistant United States Attorney Suzanne Nebesky is in charge of asset forfeiture procedures.
The lawsuit falls within broader government initiatives organized by the Department of Justice’s National Fraud Enforcement Division, which was established on April 7 to support the White House Task Force to Eliminate Fraud.
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