Local financial group CEO pleads guilty to $380 million Ponzi scheme

ATLANTA — The FBI said the CEO of a local financial group orchestrated possibly the largest Ponzi scheme in Georgia history. Drive Planning LLC CEO, 54-year-old Todd Burkhalter of St. Petersburg, Fl, pleaded guilty to wire fraud on Wednesday afternoon.

According to a federal indictment, Burkhalter defrauded 2,000 investors out of $380 million.

Burkhalter’s company, Drive Planning LLC, is based in Alpharetta…

Story continues

TRENDING NOW

LATEST LOCAL NEWS