Class action lawsuit filed against Indy broker tied to Drive Planning

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Class action lawsuit filed against Indy broker tied to Drive Planning
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FISHERS — An Indiana woman has filed a class action lawsuit against an Indianapolis broker who worked as a sales representative for Drive Planning, a financial firm accused of running a Ponzi scheme.Rachael Lynn Williamson of Indiana and Constance Novoa of New Jersey filed the federal lawsuit on September 6 against Gerardo “Gerry” Linarducci.

Securities and Exchange Commission ’s action against the Georgia-based financial company and its CEO for allegedly running a $300 million Ponzi scheme.The SEC’s complaint alleges that, from 2020 through at least June 2024, Drive Planning and its CEO Russell Todd Burkhalter raised more than $300 million for purported real estate investments, telling investors their money would be used to fund land development projects.

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