Edwin Brant Frost IV, a well-known Republican, is accused of defrauding 300 investors of $140 million, and using some funds ...

The U.S. Securities and Exchange Commission accuses Georgia man Edwin Brant Frost IV and his First Liberty Building & Loan, LLC, of a Ponzi scheme.

Edwin Brant Frost IV defrauded 300 investors and used some of the money for his personal use, including spending on political donations to Republicans.

The Securities and Exchange Commission charged First Liberty Building and Loan with violating federal anti-fraud laws.

A $140 million Ponzi scheme run by a Georgia-based lending firm and its founder defrauded around 300 investors, offering ...

Since at least 2021, First Liberty operated as a Ponzi scheme by using new investor funds to make principal and interest payments to existing investors, according to the complaint. The complaint ...

A Georgia financier with long-standing ties to conservative political and media circles has been accused by the SEC of orchestrating a $140 million Ponzi scheme that spanned more than a decade and ...

ATLANTA — A prominent Georgia Republican accused of running a $140 million Ponzi scheme publicly apologized on Friday as a ...

The SEC is investigating a Georgia businessman and GOP supporter accused of perpetrating a $140 million Ponzi scheme and using some of the money for political donations.