If you were sold an Indexed Universal Life (IUL) policy by Drive Planning LLC, you may have been a victim of misrepresentation or fraud. Drive Planning LLC, under the leadership of Todd Burkhalter, has been accused of running a Ponzi scheme, and many investors were sold complex financial products like IUL policies under false pretenses. These policies were often marketed as safe retirement solutions, but the risks were downplayed, and many investors experienced significant financial losses.

IUL policies are complicated financial instruments that combine life insurance with investment options tied to stock market indices. However, Drive Planning and other agents often sold these products without fully explaining the risks, leaving investors exposed to potential losses. If you’ve purchased an IUL policy from Drive Planning, you may be entitled to compensation for your losses.

At Rikard & Protopapas, we focus on holding insurance companies and financial advisors accountable for misleading sales practices. Our team will investigate your case, review the terms of your IUL policy, look at how it was sold to you, and pursue claims against Drive Planning and any associated companies or agents who played a role in your financial losses.

What We Can Do for You:

1. Review Your IUL Policy:

We will thoroughly examine the details of your policy and determine whether it was sold to you under false or misleading information.

2. Investigate the Misconduct:

We will investigate the role of Drive Planning LLC and any other parties involved to uncover fraudulent activity.

3. Pursue Legal Action:

If we find evidence of wrongdoing, we will take legal action against Drive Planning, their agents, and any insurance carriers involved to recover your investment losses.

If you believe you’ve been misled into purchasing an IUL policy by Drive Planning, contact Rikard & Protopapas today to start your claim. We are committed to fighting for the rights of investors and securing compensation for those who have been wronged by deceptive financial practices.

Drive Planning Investigation and Robert Rikard’s Work on IUL Fraud and Ponzi Schemes

Rikard & Protopapas is currently investigating the fraudulent activities of Drive Planning, LLC, which has been accused of running a Ponzi scheme that defrauded over 2,000 investors. Central to these allegations is the sale of misleading financial products, including Indexed Universal Life (IUL) policies. Drive Planning’s leadership misrepresented these policies as low-risk, high-reward retirement solutions, while hiding the risks associated with them.

Robert Rikard has extensive experience in suing financial advisors, insurance agents, and carriers for selling fraudulent IUL policies. Over the years, Robert Rikard has successfully litigated cases all over the United States against IUL agents and insurance companies that have misled consumers about the true nature of these policies. His work in the financial fraud sector has also led to significant recoveries for victims of Ponzi schemes, including the FIP (Future Income Payments) case, which was linked to IUL insurance policies. FIP defrauded investors by selling pension streams disguised as safe investments, often in coordination with IUL sales, leading to devastating financial losses.

Rikard & Protopapas’ skill and knowledge in both IUL fraud and Ponzi schemes positions the firm to take aggressive legal action against Drive Planning and any entities that assisted in their scheme. If you were affected by Drive Planning’s fraudulent IUL policies or related Ponzi schemes, Robert Rikard and his team are ready to fight for your rights.

For more information on how we can help, visit Investor Loss Center.