The Brief Federal prosecutors say Georgia business owner Kristopher Lunsford has been charged with a massive Ponzi scheme involving more than 500 victims nationwide. Lunsford allegedly told investors they could buy semi-truck leases for $25,000 to $40,000 in exchange for guaranteed weekly payouts of $1,000 to $1,200. The pitch promised returns up to 260% on passive income investments. Authorities said rather than generating actual business profits, Lunsford used $75 million from new investors to pay off early financial backers



A Georgia man has been charged in connection with a $105 million Ponzi scheme that defrauded more than 500 investors nationwide.

U.S. Attorney Greg Kehoe announced the charges against Kristopher Lunsford following an investigation into operations spanning from December 2003 through May 2025. Lunsford was arrested in Nevada Wednesday.

What is Kristopher Lunsford accused of?

What we know:

Federal authorities unsealed an indictment charging Lunsford with six counts of wire fraud and two counts of money laundering. Lunsford owned and operated AKL Transport LLC, AKL and Associates Inc., Southern Truck Leasing LLC and Southeast TT Rentals LLC.

According to Kehoe, Lunsford told investors they could buy semi-truck leases for $25,000 to $40,000 in exchange for guaranteed weekly payouts of $1,000 to $1,200. The pitch promised returns up to 260% on passive income investments.

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Kehoe said Lunsford claimed he managed all operations, including purchasing trucks, hiring drivers and securing insurance. He promised investors he had 2,000 trucks, but he actually owned about 20, many of which were broken down and unusable.

Lunsford expanded the operation using brokers to recruit new investors across the country. Kehoe said rather than generating actual business profits, Lunsford used $75 million from new investors to pay off early financial backers.

What they're saying:

 As an aside ladies and gentlemen, if you find an investment that's paying you 260% legitimately, I suggest you take it,  Kehoe said at

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