SEC Charges Russell Todd Burkhalter and Drive Planning LLC in $300 Million Ponzi Scheme

Aug 15, 2024, 01:45 AM

The Securities and Exchange Commission (SEC) has charged Russell Todd Burkhalter and his Atlanta-based firm, Drive Planning LLC, with orchestrating a $300 million Ponzi scheme. The scheme, which involved real estate investments, allegedly impacted over 2,000 investors. A court has granted a preliminary injunction, asset freeze, and other emergency relief measures against Burkhalter and his firm. The case is notable for its scale and the potential impact on investors.