What You Need to Know
- Advisor Christopher Burns disappeared in 2020 after allegedly scamming about 100 investors as part of a Ponzi scheme involving illegal promissory notes.
- If he is ever found, Christopher Burns is also liable for a civil penalty of $652,629.
- Burns’ ex-wife called on him in March 2021 to give himself up.
A financial advisor who’s been missing for nearly two years and was placed on the FBI’s Most Wanted list has been ordered to pay $12 million to his victims in Georgia, North Carolina and Florida, according to The Atlanta Journal-Constitution.
A federal court has entered a default judgment in the Securities and Exchange Commission’s lawsuit against Christopher Burns and his companies: Investus Advisers LLC, which did business as Dynamic Money; Investus Financial LLC; and Peer Connect LLC.
“They must pay more than $12 million, Judge William M. Ray II recently ruled,” according to the paper. Burns, if he is ever found, is also liable for a civil penalty of $652,629, the Journal wrote.
Burns was last seen on Sept. 24, 2020, one day before he was supposed to turn over documents to the SEC, according to the FBI.
Burns’ ex-wife of called on him last March to give himself up.
The Atlanta-area advisor has been hunted by the FBI for allegedly scamming about 100 investors as part of a Ponzi scheme involving illegal promissory notes.
In an interview in March 2021 with a WSB TV reporter in Georgia, Meredith Burns, the former wife of…