An Indianapolis broker has been charged by the U.S. Securities and Exchange Commission for his alleged role in a $300 million Ponzi scheme.
On Dec. 19, Gerardo “Gerry” Linarducci, former Managing Partner of Drive Planning LLC, a now-defunct business, and head of its Indiana branch office, was charged with securities fraud by the SEC, who claims he played an “integral role” in a massive fraud scheme related to the company’s “Real Estate Acceleration Loans” program, or “REAL.”
The complaint was filed by the SEC in a Georgia federal court with Drive Planning being based in Atlanta. The company operated as an investment firm that solicited funds from individuals, including some from Indiana…