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A federal government has just ordered a fugitive Atlanta financial adviser and his companies to pay more than $12 million, according to news reports.

Judge William Ray II of the United States District Court for the Northern District of Georgia recently ruled that Christophe Burne must pay a civil penalty of $652,629, while the Burns companies — Invested Advisorswho did business under the name of Dynamic Money, Investus Financial and Connection between peers — are responsible for more than $12 million, writes The Atlanta Journal-Constitution.

The decision is a default judgment in the lawsuit against Burns brought by the Security and Exchange Commission, according to the publication. The SEC alleges that Burns sold fake promissory notes to more than 90 investors under an alleged peer-to-peer lending program, defrauding them of approximately $10 million.

Burns also has a pending criminal complaint, filed in October 2020, accusing him of mail fraud, writes the Journal-Constitution. A class action lawsuit filed that year claimed Burns robbed more than 90 investors of more than $5 million, as reported.

In November 2020, the court granted the SEC’s request to freeze Burns’ assets.

But Burns has been missing since Sept. 24, 2020, after fleeing his home amid the SEC’s investigation into his business, as reported. Police found $78,000 in cashier’s checks in his car, which his wife said was missing his handgun.

Burns’ now ex-wife – Burns finalized a divorce agreement the day before he disappeared and transferred much of his assets to her – had previously agreed to return $320,000 of that money.

The SEC declined to comment on the Journal-Constitution, while attorneys representing the investors in a separate lawsuit did not respond to its request for comment.

Burns began his career in the financial services industry in 2011 with One America Titles, where it remained until 2014, according to BrokerCheck and the SEC’s Investment Advisers Public Disclosure Database. He is then registered with Lloyd Advisory Services and Hornor, Townsend and Kentuntil its listing with Investus Advisers in March 2016, with listing ending in December of the same year, according to the SEC.

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