ATLANTA, Ga. – Todd Burkhalter, founder and CEO of Georgia-based financial advisory firm Drive Planning LLC, has been sentenced to 20 years in federal prison for orchestrating a massive Ponzi scheme that defrauded more than 2,000 investors of approximately $380 million.
U.S. District Judge Tiffany R. Johnson sentenced Burkhalter, 55, of St. Petersburg, Florida, to the maximum 20-year federal prison term, followed by three years of supervised release. He was also ordered to pay $233,777,763.82 in restitution to victims.
Two other former Drive Planning executives, Chief Operating Officer David Bradford and Chief Administrative Officer Julie Edwards, were sentenced earlier in the week for their roles in the operation…