Todd Burkhalter, a CEO of a financial advising firm, was sentenced on August 15, 2026, to 20 years in prison. He was convicted of orchestrating a Ponzi scheme that defrauded investors of $380 million. The scheme was reportedly used to finance a lifestyle that included yachts, private jets, and luxury shopping.
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Georgia CEO Todd Burkhalter sentenced to 20 years for $380 million Ponzi scheme
Todd Burkhalter, a financial advising CEO, received a 20-year prison sentence for his role in a $380 million Ponzi scheme. The scheme defrauded investors and funded a lavish lifestyle, including luxury items and travel.
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Georgia financial CEO Todd Burkhalter sentenced to 20 years in prison for running historic $380M Ponzi scheme to fund his lavish lifestyle
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Georgia CEO Todd Burkhalter sentenced to 20 years for $380 million Ponzi scheme