Civil Plaintiff
A Georgia Investment Advisor Is Ordered to Pay $12 Million
A financial adviser who’s been on the run for nearly two years has been ordered to pay $12 million to his victims in Georgia, North Carolina and Florida.
The default judgment was recently entered in a lawsuit brought by the federal Securities and Exchange Commission against Christopher Burns and his companies: Investus Advisers LLC, which did business as Dynamic Money; Investus Financial LLC and Peer Connect LLC. And Burns, if he is ever found, is also liable for a civil penalty of $652,629.
It’s unclear, though, how much, if anything, Burns’ victims will ever see, The Atlanta Journal-Constitution reported.
