Learn about Ponzi Schemes. Find out its definition, how it works, examples, red flags, and protective measures against this ...

Todd Burkhalter, founder and CEO of Drive Planning LLC, pleaded guilty to wire fraud Wednesday after admitting he orchestrated a sprawling $380 million Ponzi scheme that defrauded 2,000 investors.

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Todd Burkhalter, CEO of Drive Planning LLC, received a 20-year prison sentence for ...

Thousands of clients trusted Todd Burkhalter to invest their money in high-yielding real estate loans. In reality, Burkhalter was running a massive Ponzi scheme while splurging on motorcoaches and ...

Add Yahoo as a preferred source to see more of our stories on Google. Sonoma real estate developer Ken Mattson, shown in 2019, is accused of defrauding investors out of millions of dollars. (Robbi ...

The U.S. District Court for the Western District of Washington denied Columbia Bank’s motion to dismiss claims that it aided and abetted a Ponzi scheme that allegedly defrauded more than 1,800 ...

Atlanta — 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 ...

The United States Department of Homeland Security (DHS) said Thursday that U.S. Immigration and Customs Enforcement (ICE)’s Homeland Security Investigations (HSI) announced the ten-year sentencing of ...

Newly married Kansas City Chiefs tight end Travis Kelce was one of the victims in a $31 million Ponzi scheme prosecuted in ...

“Although I believe it will be an extremely uphill battle to avoid permanent disbarment, I have been retained by Mr. Scott to see what (if anything) can be done to avoid it," said Herman J. Russomanno ...

"[T]he courts are kind of catching up to the amount of damage that these guys do. The sentences are getting longer, which is a good thing," said Jason Kellogg, partner at Levine Kellogg Lehman ...