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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.
Metro Atlanta man accused of leading $300M Ponzi scheme https://t.co/gg2sYE0ivW
An @FTalphaville dive into Russell Todd Burkhalter’s alleged $300mn real estate Ponzi scheme from George Steer. It has the potential to go down as a classic of the genre https://t.co/qcml8WrmpV
A Hollywood man has been arrested on charges related to an alleged investment fraud scheme that swindled victims out of more than $250,000. https://t.co/oa4yJBlAf5