St. Petersburg Business Owner Suspected of Running $330 Million Ponzi Scheme

A St. Petersburg business owner, Russell Todd Burkhalter, is currently under scrutiny for allegedly executing a Ponzi scheme that swindled over $330 million from investors. Burkhalter is the founder and CEO of Drive Planning, a financial consulting firm based in Georgia, with connections in Florida. According to FOX 13, Nekia Hackworth Jones, the Director of the SEC’s Atlanta Regional Office, claimed that Burkhalter and his business “gained the trust of everyday people and encouraged them to invest in this scheme by promising exorbitant returns.”

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