25 September 2026 · SEC settlement filed

Truck leases and investor money

The SEC filed settled charges against Kristopher A. Lunsford, AKL Transport LLC, and Southern Truck Leasing LLC. The complaint was filed on 24 September 2026. The charges are subject to court approval, and the defendants did not admit the allegations.

The alleged truck-leasing scheme raised at least $127 million from about 765 investors. Parallel criminal mail and wire fraud charges were announced the next day. That announcement is not a conviction.

Litigation Release No. 26648.