Financial Adviser Urged Investments in Ponzi Scheme, Suit Says

SDWC Financial LLC and one of its a senior analysts have been sued by a client alleging they recommended real estate investments through Drive Planning LLC, which was operating a $300 million Ponzi scheme.

SDWC and Meredith Bruce “were aware, or should have been aware, that their investors’ money was unsecured and that the investment vehicle was nothing more than a massive scheme to defraud,” Brian Hauger says. His proposed class action on behalf of SDWC clients who made Drive Planning investments was docketed Monday in the US District Court for the Northern District of Georgia.

The suit doesn’t name ...