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A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140 million, federal officials alleged in a complaint filed Thursday. https://t.co/hk3qOF24ED
Update on the investment company pumped up on conservative talk radio by Hugh Hewitt, Erick Erickson: the feds say it was a $140 million Ponzi scheme! Founder indicted. https://t.co/AvDVTtGIiv
"In 2023 Chris Burns was indicted in absentia for stealing $10 million from clients to fund his 'lavish lifestyle.' He is still wanted by the FBI." That was talk show host Erick Erickson's *first* sponsor to come under federal scrutiny. This is the second: https://t.co/46WnhFM4F6
Federal officials have alleged that a prominent Georgia Republican was operating a Ponzi scheme that defrauded 300 investors of at least $140 million, according to a complaint filed on July 10, 2025. The investment company involved had been promoted on conservative talk radio shows hosted by Hugh Hewitt and Erick Erickson. This case follows a previous federal indictment in 2023 against Chris Burns, who was charged in absentia with stealing $10 million from clients to support a lavish lifestyle and remains wanted by the FBI. The founder of the current Ponzi scheme has also been indicted as part of the ongoing federal investigation.
