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CEO pleads guilty in massive $380M Ponzi scheme that bankrolled luxurious lifestyle

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2 days ago

The CEO of a financial advisory empire, accused of masterminding Georgia’s largest Ponzi scheme to fund a life of opulent extravagance, has pleaded guilty to "shamelessly" bilking investors out of a staggering $380 million, authorities announced Wednesday.The U.S. Attorney's Office for the Northern District of Georgia said 54-year-old Todd Burkhalther, founder of Drive Planning LLC, defrauded more than 2,000 people between September 2020 and June 2024. He reportedly used the stolen funds to charter private jets, buy a yacht, a multimillion-dollar condo in Mexico, lavish wardrobe, and luxury ve...

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2 days ago
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