SEC Charges Atlanta-Based Company With $300 Million Ponzi Scheme

The SEC has frozen the assets of Drive Planning LLC, alleging the misappropriation of millions of dollars in investor funds.
SEC Charges Atlanta-Based Company With $300 Million Ponzi Scheme
The headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, on May 12, 2021. Andrew Kelly/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
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The Securities and Exchange Commission (SEC) has obtained a court order freezing the assets of Drive Planning LLC and other forms of emergency relief after accusing the Atlanta-based company of running a $300 million Ponzi scheme that affected more than 2,000 investors.

Judge Victoria Calvert of the U.S. District Court for the Northern District of Georgia issued two orders on Aug. 13 granting the SEC’s motion for a preliminary injunction freezing the company’s assets, appointing a receiver, and granting other emergency relief.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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