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.