The Securities and Exchange Commission has charged the senior leadership team of a financial planning company based in Alpharetta, Georgia, for carrying out a four-year Ponzi scheme that defrauded investors out of hundreds of millions of dollars.
Drive Planning’s former chief operating officer, David Bradford, and former Indiana branch head, Gerardo Linarducci, received civil charges Dec. 19 from the U.S. Attorney’s Office in the Northern District of Georgia. Founder and CEO Russell Todd Burkhalter has been named in connection. The SEC is seeking permanent injunctions, civil penalties and disgorgement with prejudgement interest, which means the accused would have to pay back the money plus interest.
Drive Planning’s…