WRTV Investigates Kara Kenney fights for what's right and holds those in power accountable.
FISHERS — The United States Securities and Exchange Commission filed a civil lawsuit Tuesday against a Georgia-based financial company and its CEO for allegedly running a $300 million Ponzi scheme.Drive Planning LLC has offices in Fishers, Indiana, as well as Georgia and Florida, according to their website.
”Drive Planning and Burkhalter spent investor funds to fund his lavish style including buying clothing, jewelry and beauty treatments including $69,293 at Diamonds Direct and $75,785 at Louis Vuitton as well as $4.6 million on chartering private jets and luxury car services, the lawsuit alleged.Investigators also allege at least $2 million in investor funds was used to buy a $3.1 million yacht called “Stillwater” for Burkhalter.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How GM CEO Mary Barra, IBM former CEO Ginny Rometty learned to be ‘women' leaders Mary Barra and Ginny Rometty discuss being female role models in business with CNBC’s Leslie Picker at the inaugural CNBC CEO Council: Leaders’…
Read more »
How GM CEO Mary Barra, IBM former CEO Ginny Rometty learned to be women leadersMary Barra and Ginny Rometty discuss being female role models in business with CNBC's Leslie Picker at the inaugural CNBC CEO Council: Leaders' Library.
Read more »
How GM CEO Mary Barra, IBM former CEO Ginni Rometty learned to be women leadersMary Barra and Ginni Rometty discuss being female role models in business with CNBC's Leslie Picker at the inaugural CNBC CEO Council: Leaders' Library.
Read more »
Former YouTube CEO Susan Wojcicki has died, Google CEO saysFormer YouTube CEO Susan Wojcicki has died, Google CEO says
Read more »
Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian NiccolStarbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol. Shares of Starbucks rose 10% in premarket trading on the…
Read more »
Bitcoin indicators flash ‘greed and FOMO’ as ETF inflows top $300MCrypto sentiment trackers have flipped from “extreme fear” to “greed” in just three days, as ETF inflows continue to solidify and Donald Trump inches closer to the White House.
Read more »