{"id":11498,"date":"2024-08-20T09:22:36","date_gmt":"2024-08-20T13:22:36","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11498"},"modified":"2024-08-20T09:22:36","modified_gmt":"2024-08-20T13:22:36","slug":"sec-charges-todd-burkhalter-in-300-million-ponzi-scheme-and-gets-injunctive-relief","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-charges-todd-burkhalter-in-300-million-ponzi-scheme-and-gets-injunctive-relief\/","title":{"rendered":"SEC Charges Todd Burkhalter In $300 Million Ponzi Scheme And Gets Injunctive Relief"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10372 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" alt=\"The Securities and Exchange Commission (SEC) has charged Russell Todd Burkhalter, founder and CEO of Drive Planning, LLC, his Atlanta-based company. In their complaint, the SEC requested and received a preliminary injunction, asset freeze, and other emergency relief against both Burkhalter and Drive Planning to stop a Ponzi scheme worth $300 million that affected over 2,000 investors. A receiver has been appointed for Drive Planning.\n\nThe complaint details that from 2020 through at least June of 2024, Burkhalter engaged in selling unregistered securities through Drive Planning. Called \u201cReal Estate Acceleration Loans,\u201d or REAL, they promised investors \u201cbridge loan opportunity promising 10% in 3 months.\u201d\u00a0 More than 2,000 investors had over $300 million invested in REALs as of June 2024.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The Securities and Exchange Commission (SEC) has charged Russell Todd Burkhalter, founder and CEO of Drive Planning, LLC, his Atlanta-based company. In their <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2024-97\" target=\"_blank\">complaint<\/a>, the SEC requested and received a preliminary injunction, asset freeze, and other emergency relief against both Burkhalter and Drive Planning to stop a Ponzi scheme worth $300 million that affected over 2,000 investors. A receiver has been appointed for Drive Planning. <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-charges-todd-burkhalter-in-300-million-ponzi-scheme-and-gets-injunctive-relief\/#more-11498\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission (SEC) has charged Russell Todd Burkhalter, founder and CEO of Drive Planning, LLC, his Atlanta-based company. In their complaint, the SEC requested and received a preliminary injunction, asset freeze, and other emergency relief against both Burkhalter and Drive Planning to stop a Ponzi scheme worth $300 million that affected over [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[593],"tags":[],"class_list":["post-11498","post","type-post","status-publish","format-standard","hentry","category-ponzi-schemes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Charges Todd Burkhalter In $300 Million Ponzi Scheme<\/title>\n<meta name=\"description\" content=\"The SEC has charged Russell Todd Burkhalter, founder and CEO of Drive Planning, LLC, his Atlanta-based company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/sec-charges-todd-burkhalter-in-300-million-ponzi-scheme-and-gets-injunctive-relief\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Charges Todd Burkhalter In $300 Million Ponzi Scheme\" \/>\n<meta name=\"twitter:description\" content=\"The SEC has charged Russell Todd Burkhalter, founder and CEO of Drive Planning, LLC, his Atlanta-based company.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Charges 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