GA GA - Chris Burns, 37, missing day before docs due to SEC, Gwinnett Co, 25 Sep 2020


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Nov 16, 2017
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ATLANTA — A federal court says the companies owned by a local investment advisor, who disappeared without a trace nearly two years ago, now have to pay $12 million to his clients.

Christopher Burns disappeared in September 2020 after bilking his clients out of millions of dollars.

According to the SEC’s suit, he sold fraudulent promissory notes for years to more than 90 investors in Georgia, North Carolina and Florida.

The judge also ruled that if Burns is ever found, he is liable for a civil penalty of more than $652,000. But federal authorities say it is unclear if investors will ever see the money.

Most of the missing money was spent to fund Burns’ lifestyle and to create the appearance that the investments he sold were profitable.