
SEC Halts $300 Million Ponzi Scheme Orchestrated by Atlanta-Based Firm Drive Planning LLC
The U.S. SEC has taken decisive action against Atlanta-based Drive Planning LLC and its founder, Russell Todd Burkhalter, for orchestrating a $300 million Ponzi scheme that defrauded more than 2,000 investors. The SEC has obtained a preliminary injunction, an asset freeze, and other emergency relief measures to prevent further harm to investors, while a receiver has been appointed to oversee the operations of Drive Planning.