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Will SEC reach a settlement with Russell Todd Burkhalter and Drive Planning LLC by December 31, 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
SEC press releases or court documents
Story
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.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
No action taken • 25%
Fines imposed • 25%
Operational restrictions imposed • 25%
Other • 25%
SEC wins • 33%
Matthew Brown wins • 33%
Settled out of court • 34%