Todd Burkhalter, the founder and Chief Executive Officer of the Georgia-based financial advisory group Drive Planning LLC (“Drive Planning”), was sentenced today to serve 20 years in federal prison, the maximum allowed by law, for orchestrating a years-long Ponzi scheme that resulted in thousands of investors losing nearly $400 million. Two other top executives of Drive Planning, David Bradford and Julie Edwards, were sentenced to federal prison earlier this week for their roles in the scheme.
Source: U.S. Department of Justice