Atlanta CEO jailed for Georgia's largest Ponzi scheme
TL;DR Summary
Todd Burkhalter, founder and CEO of Drive Planning in Atlanta, was sentenced to 20 years in prison for running what prosecutors call Georgia's largest Ponzi scheme, defrauding more than 2,000 investors of about $400 million from 2020 to 2024; funds financed an extravagant lifestyle, including a $2 million yacht and a $2.1 million Cabo San Lucas condo, with restitution exceeding $230 million; two other Drive Planning executives were also sentenced.
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- Georgia executives handed light sentence for role in historic $380M Ponzi scheme: ‘I was a coward’ New York Post
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