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Guilty plea in $380 million Ponzi scheme, feds say
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Guilty plea in $380 million Ponzi scheme, feds say

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A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.

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 accused Todd Burkhalter, the founder and CEO of Drive... [1452 chars]

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Source: CBS News

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