SEC Charges RUSSELL TODD BURKHALTER With Operating Massive Ponzi Scheme – May Recover Investor Losses

SEC Charges RUSSELL TODD BURKHALTER With Operating Massive Ponzi Scheme. SEC calls Burkhalter’s Drive Planning, LLC , “A Scheme to Defraud from Day One.”

Call 800-500-4442 if you purchased Drive Planning, LLC’s Real Estate Acceleration Loan (R.E.A.L)

The Securities and Exchange Commission announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Drive Planning, LLC and its founder and CEO, Russell Todd Burkhalter. The SEC is alleging that Drive Planning is a $300 million real estate Ponzi scheme impacting more than 2,000 investors. The SEC alleges the defendants misappropriated millions of dollars of investor funds to fund Burkhalter’s lavish lifestyle and to make Ponzi-like payments.

Drive Planning recruited approximately 100 salespersons across the United States to market the alleged Ponzi Scheme. If you purchased Drive Planning, LLC from one of these salespeople you may have standing to file a FINRA Arbitration Claim.

SEC Charges RUSSELL TODD BURKHALTER With Operating Massive Ponzi Scheme.

Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended Drive Planning, LLC to their clients.

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.

We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 8/15/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.

[]

1 Step 1

FormCraft - WordPress form builder