Magallanes, 51 already ran. Florida’s 20 already ran. Young, 75 already ran. This is the unused Friday unsealing.
FOX 13, Nancy Gay, 11:42 a.m. ET / U.S. Attorney Gregory W. Kehoe, Middle District of Florida: an indictment charging Kristopher Lunsford, of Georgia, with six counts of wire fraud and two counts of money laundering. Kehoe: the alleged scheme ran December 2003 through May 2025 through AKL Transport LLC, AKL and Associates Inc., Southern Truck Leasing LLC, and Southeast TT Rentals LLC. The pitch: buy semi-truck leases for $25,000 to $40,000 and collect $1,000 to $1,200 a week — up to 260%. Kehoe: he claimed 2,000 trucks and owned about 20, many unusable. About $75 million from new investors went to earlier backers, prosecutors said. More than $25 million on lifestyle — $4.1 million resorts and casinos, $4 million nightclubs and bars, $3.7 million properties, $2.5 million charters. Arrested Wednesday in Nevada. More than 500 victims identified; Kehoe said the count may pass 600 and losses may rise from $105 million toward $125 million. Those are his numbers. They are not a verdict.
If convicted, each wire-fraud count carries up to 20 years; each money-laundering count up to 10. A maximum is not a sentence. FBI Tampa led, with Georgia and Nevada. Victims: forms.fbi.gov/victims/TruckLeaseFraud. Morning’s one Midland count already ran. Do not smash that into this alleged $105 million.
What this means for you
If you needed this morning’s unused Texas file, it still stands. If you needed this afternoon’s unused crime, it is Lunsford, $105 million alleged, 500-plus. Charges, not convictions.
Bottom line: $105 million alleged. 500-plus named. Not Magallanes. Not a verdict.
GLHR NEWS explains the news. Not investment, tax, or trading advice. Do your own work before you act.
