The Federal Bureau of Investigation says it has charged Atlanta financial advisor Chris Burns — who disappeared in September amid an SEC investigation into his business — with mail fraud.
The FBI believes that Burns, who left his home on September 24, a day before he was to turn over documents to the SEC, has swindled several victims out of hundreds of thousands of dollars, the agency says in a community outreach release published Monday.
Burns is facing a warrant for his arrest as well as an investigation by the Internal Revenue Service, the FBI says. The agency is seeking the public’s help in locating Burns and asks those who did business with the advisor who feel like they may have been a victim to report to the FBI.
Burns ran Sandy Springs, Ga.-based Dynamic Money and two associated financial groups that were being investigated by the SEC. Investus Companies, another company operated by Burns, is on notice of being dissolved for failure to renew licensing.
WSBTV reported earlier this month that it had spoken to several of Burns’ clients who claimed to have invested $300,000 to $500,000 in peer-to-peer loans. On Monday, WSBTV reported that investigators believe that Burns has millions of dollars of investors’ money.
WSBTV had also reported previously that Burns’ wife, who told the Gwinnett County Police Department that her husband disappeared on September 25, said she found his car and that his handgun was missing, but her attorney later told The Atlanta Journal-Constitution that the initial police report “was mistaken” and all the weapons have been accounted for.
The FBI says that the vehicle, found abandoned in Dunwoody, Ga., had three cashiers checks inside totaling more than $78,000.
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