SEC Says Ga. Firm's Ponzi Scheme Fueled 'Lavish' Lifestyle

By Jessica Corso · August 14, 2024, 11:16 AM EDT

An Atlanta-area firm that promised investors lucrative returns on real estate deals was in reality running a "classic Ponzi scheme" by funneling portions of the $300 million it received into buying a...

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Case Information

Case Title

United States Securities and Exchange Commission v. Drive Planning, LLC et al

Case Number

1:24-cv-03583

Court

Georgia Northern

Nature of Suit

Securities/Commodities

Date Filed

August 13, 2024