Source: Atlanta News First
“Todd Burkhalter, the CEO of former Alpharetta-based financial advisory group Drive Planning, has pleaded guilty to orchestrating one of the largest Ponzi schemes in Georgia history. ‘This is a matter of public safety,’ said Theodore Hertzberg, U.S. attorney for the Northern District of Georgia. ‘It’s about protecting the community. People losing perhaps their life savings or something close to their life savings has a devastating impact.’ Authorities said between 2020 and 2024, Burkhalter sold a dream that investors would receive a huge return if they invested their money with his company. He defrauded more than 2,000 people out of $380 million. ‘Investor money was used to pay off other investors instead of being put towards actual investments,’ according to Hertzberg.” (01/22/26)