Georgia CEO Sentenced in $380M Ponzi Scheme Used to Fund Luxury Lifestyle

What Financial Crime Did Todd Burkhalter Commit?

A Georgia man who ran a real estate investment company has been sentenced to 20 years in federal prison for running a Ponzi scheme that took around $380 million from more than 2,000 investors. Todd Burkhalter received the sentence in the Northern District of Georgia federal court. According to the Daily Mail, it is the maximum penalty allowed under his charges, and he will not be eligible for parole. Burkhalter was the CEO of Drive Planning LLC,…

Trio sentenced in Ga. Ponzi scheme

A Florida man will spend 20 years in federal prison after pleading guilty in connection with a Ponzi scheme that bilked more than 2,000 investors out of about $380 million.

Drive Planning Fraudsters Sentenced to Federal Prison for Operating Massive $380 Million Ponzi Scheme

A federal judge handed down the maximum sentence to Todd Burkhalter, founder of Alpharetta-based Drive Planning, after he defrauded more than 2,000 investors out of roughly $380 million — reportedly urging some victims to drain their college funds and retirement accounts. Prosecutors say Burkhalter used investor money to fund a lavish lifestyle, including a $2 million yacht, a Cabo San Lucas condo, and luxury vehicles. Read more here The post Dr…

Finance Book Author and CEO Jailed for $380M Fraud Scheme

Internewscast Journal Internewscast The head of a purported real estate investment firm — and author… This Post: Finance Book Author and CEO Jailed for $380M Fraud Scheme first appeared on Internewscast Journal

Founder of Georgia financial advisory firm sentenced to 20 years in $380M Ponzi scheme

Federal prosecutors say Drive Planning founder Russell Todd Burkhalter defrauded more than 2,000 investors while using their money to fund a yacht, luxury real estate, vehicles and travel.

Georgia CEO sentenced in $380M Ponzi scheme used to fund luxury lifestyle

The founder and CEO of a Georgia-based financial advisory firm has been sentenced to 20 years in federal prison for orchestrating a massive $380 million Ponzi scheme that defrauded thousands of investors.