A financial adviser in Georgia pleaded guilty Wednesday to wire fraud in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities announced.
Prosecutors accused Todd Burkhalter, the founder and CEO of Drive Planning LLC, of marketing several fraudulent investment schemes and using the money in part to buy a $2 million yacht, a $2.1 million condo in Mexico and a motorcoach.
Burkhalter was represented by the federal defenders’ office. A message to the office after hours on Wednesday was not immediately returned.
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